Asia-Pacific non-deal roadshow

Delivering growth in a challenging market

June 2016

Corporate strategy

A growth focused oil and gas exploration and production company with world class operating credentials

Surat Basin gas

  • What? Major growth project with a 20 year gas sales agreement of up to 50 TJ/day (47 mmscfd)

  • Why? Geographic and product diversification, and strong near term market opportunity

  • How? Commercialise material 2P reserves and bring coal seam gas assets into production

Strategic enablers

  • Building collaborative relationships with aligned partners

  • Positioning the business for complementary upside opportunities

  • Attracting and retaining the

    best people and pursuing operational excellence

  • Conducting safe, responsible and sustainable operations

Cooper Basin oil
  • What? Low cost oil production from 14 operated fields with premier acreage position
  • Why? High margin core business with scalability and material upside potential
  • How? Explore and monetise oil opportunities in extensive acreage portfolio

Cooper Basin gas

  • What? Conventional and unconventional opportunities across premier acreage position

  • Why? Diversification of revenue stream and material scale, medium to long term growth enabler

  • How? Target material gas resources within an extensive exploration portfolio, and commercialise appraisal opportunities

Investment proposition

A well-funded energy play leveraged to an oil price recovery

  • Strong financial position: A$101 million of cash, with a largely undrawn unsecured debt facility of A$80 million; total liquidity of A$178 million
  • Major growth project in Surat Basin: fully funded to reach an investment sanction decision on full field development, and a flexible 20 year gas sales agreement with a key LNG counterparty allowing for staged development
  • Extensive acreage position in Cooper Basin: low operating cost business with material

    growth options and security of tenure

  • Pursuing growth through organic and inorganic projects: where it aligns with strategy and capability, and does not compromise financial strength
Company snapshot

Australia's #3 onshore oil producer1

Material 2P reserves position

94.6

Barrels per day (kbbls)

mmboe

20

8

3 1

72.4

31.637.4

39.9

61.1

Gas Oil

BPT STO SXY COE

11.3

FY12 FY13 FY14 FY15 FY15 pro-

forma2

Solid production base on reduced capex

Strong financial position

Barrels per year (mmboe)

Capex

76

0.60

134

1.25

151

1.38 1.39

82

1.0 - 1.05

25 - 30

Capex ($ million)

Total liquidity ($ million)

177.8

77.3

124.0 126.8 129.0

80.0

76.6

100.5

49.0

Undrawn debt Cash

FY12 FY13 FY14 FY15 FY16

guidance

  1. As at 31 December 2015, with BPT and DLS production combined to reflect merger

    FY12 FY13 FY14 FY15 Q3 FY16

  2. Pro-forma for 30 June 2015, with reserves adjusted for the sale of the Maisey block (announced 24 September 2015)

Senex Energy Limited published this content on 23 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 22 August 2016 22:19:02 UTC.

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