PowerPoint Presentation


FY16 half year results Ian Davies, Managing Director and CEO Graham Yerbury, Chief Financial Officer

Brisbane, 23 February 2016

Ian Davies

Managing Director and CEO


Highlights


H1 FY16 results


Outlook


Project updates


Key takeaways


Cover slide imagery shows: Easternwell Rig 106 mobilised to the Ethereal-1 gas exploration well site (Origin Energy joint venture)


2 FY16 half year results

Key takeaways


Maintaining financial strength and pursuing growth


  • Strong financial position


  • Successful cost out program


  • Disciplined capital allocation in pursuit of growth


  • Strongly positioned for an oil price recovery

H1 FY16 business highlights


Solid performance in a challenging market



Corporate

  • Improved safety performance, with TRIFR down 22% reflecting maintained commitment in a challenging market

  • Strengthened financial position: cash balance of $100 million and no cash drawn down on our debt facility of $80 million

  • Value accretive transactions: a series of strategic transactions in the Surat

Basin resulted in recognition of $38 million gain on sale of the Maisey block

Gas


  • Stage 1 unconventional gas opportunity with Origin Energy: early success in first two wells drilled, production testing to commence shortly

  • Western Surat Gas Project: strategic agreements completed with GLNG provide commercialisation and financing pathway for this project

Oil


  • Solid production performance from oil portfolio: continuing to deliver a strong margin

  • Murta tight oil project: capital and risk sharing transaction completed with Halliburton, and two wells fracture stimulated



(1) TRFIR = Total Recordable Injury Frequency Rate. H1 FY16 TRIFR of 3.07 (H1 FY15 TRIFR of 3.92)

Senex Energy Limited issued this content on 29 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 28 March 2016 23:15:25 UTC

Original Document: http://www.senexenergy.com.au/investor-centre/files/fy16-half-year-results-presentation/