Senex Managing Director and CEO Ian Davies said that the funding would contribute to the cost of infrastructure to connect the Vanessa gas field with South Australian customers.
South Australia's Plan for Accelerating Exploration (PACE) Gas Grant Program was launched in late 2016 to help secure new and significant gas supplies for the state.
"This gas project will deliver new gas primarily from the Senex-operated Vanessa field in the northern Cooper Basin to South Australian domestic customers," Mr Davies said.
Reflecting its continued commitment to onshore gas exploration, Senex recently commenced drilling of the high impact Silver Star-1 gas exploration well in the Cooper Basin.
Mr Davies said, "Drilling of Silver Star-1 reflects our commitment to unlocking high risk gas acreage in the Cooper Basin and to delivering more supply for the east coast market."
FURTHER INFORMATIONInvestor Enquiries: Ian Davies Managing Director Senex Energy Limited Phone: (07) 3335 9000 | Tess Palmer Investor Relations Manager Senex Energy Limited Phone: (07) 3335 9719 | Media Enquiries: Rhianne Bell Corporate Communications Manager Senex Energy Limited Phone: (07) 3335 9859 |
Senex is a growth focused exploration and production company based in Brisbane. With a 30-year operating history, Senex holds extensive onshore oil and gas acreage in the Cooper and Surat Basins. Senex operates the majority of its assets, produces around one million barrels of oil annually, and is successfully developing a gas business including the Western Surat Gas Project in Queensland.
Senex Energy Limited ABN 50 008 942 827 ASX : SXY
Head Office
Level 14, 144 Edward St, Brisbane Qld 4000 GPO Box 2233, Brisbane, Qld, Australia 4001
Phone +61 7 3335 9000
Facsimile +61 7 3335 9999
Web www.senexenergy.com.au
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Senex Energy Limited published this content on 21 March 2017 and is solely responsible for the information contained herein.
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