FY16 results & FY17 outlook Ian Davies, Managing Director and CEO Graham Yerbury, Chief Financial Officer

23 August 2016

Key takeaways

FY16 results & FY17 outlook

  • Strong financial position

  • Demonstrated ability to high-grade capital spend and minimise operating spend

  • Portfolio of growth projects progressing up the maturity curve

  • Strongly positioned for an oil price recovery

2 FY16 results & FY17 outlook

Ian Davies

Managing Director and CEO

Highlights Financials Outlook Project updates Investment proposition

3 FY16 results & FY17 outlook

FY16 business highlights

Strategic progress made in a challenging market

Corporate

  • Record safety performance, with a 71% improvement in TRIFR to 1.8

  • Strong defensive performance during the year, with a well timed hedging program, decisive corporate restructuring, and a successful cost out program

  • Strategic transactions agreed in Surat Basin realise value and provide funding, lock in a flexible GSA, and provide access to new subsurface data

Gas

  • Western Surat Gas Project: reserve upgrades booked and detailed planning works completed for phase 1 appraisal

  • Stage 1 unconventional gas opportunity with Origin Energy: two wells drilled to test southern Cooper Basin tight gas, and location agreed for high impact gas exploration well targeting basin centred gas in the northern Cooper Basin

Oil

  • Solid production performance from oil portfolio, delivered at lowest ever operating cost

  • Waterflood project: field testing for waterflood planning progressed at Growler

  • Murta tight oil project: two wells fracture stimulated under capital and risk sharing arrangement with Halliburton

  1. TRIFR is Total Recordable Injury Frequency Rate

4 FY16 results & FY17 outlook

Senex Energy Limited published this content on 16 November 2016 and is solely responsible for the information contained herein.
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