Energy to deliver
Peter Murdoch – Manager Contracts and Supply Chain 21/22 August 2013
Energy to deliver Peter Murdoch Manager Contracts and Supply Chain - - PowerPoint PPT Presentation
Energy to deliver Peter Murdoch Manager Contracts and Supply Chain 21/22 August 2013 Important notice and disclaimer Important information This Presentation has been prepared by Senex Energy Limited ( Senex ). It is current as at the date of
Peter Murdoch – Manager Contracts and Supply Chain 21/22 August 2013
Important information This Presentation has been prepared by Senex Energy Limited (Senex). It is current as at the date of this Presentation. It contains information in a summary form and should be read in conjunction with Senex’s other periodic and continuous disclosure announcements to the Australian Securities Exchange (ASX) available at: www.asx.com.au. Risk and assumptions - An investment in Senex shares is subject to known and unknown risks, many of which are beyond the control of
presentation and in other disclosures and announcements made by Senex to the ASX. This presentation contains statements, opinions, projections, forecasts and other material, based on various assumptions. Those assumptions may or may not prove to be correct. No investment advice - The information contained in this presentation does not take into account the investment objectives, financial situation or particular needs of any recipient and is not financial advice or financial product advice. Before making an investment decision, recipients of this presentation should consider their own needs and situation, satisfy themselves as to the accuracy of all information contained herein and, if necessary, seek independent professional advice. Disclaimer - To the extent permitted by law, Senex, its directors, officers, employees, agents, advisers and any person named in this presentation: give no warranty, representation or guarantee as to the accuracy or likelihood of fulfilment of any assumptions upon which any part of this presentation is based or the accuracy, completeness or reliability of the information contained in this presentation; and accept no responsibility for any loss, claim, damages, costs or expenses arising out of, or in connection with, the information contained in this presentation. Reserve and resource estimates Unless otherwise indicated, the statements contained in this presentation about Senex’s reserves estimates have been compiled by Mr James Crowley BSc (Hons), who is General Manager – Exploration and Development, a full time employee of Senex, in accordance with the definitions and guidelines in the 2007 Petroleum Resources Management System approved by the Society of Petroleum Engineers (SPE PRMS). Mr Crowley consents to the inclusion of the estimates in the form and context in which they appear. Senex’s reserves and resources are consistent with the SPE PRMS.
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March 2012 July 2013 Permits 65,584 km2 72,301 km2 People 52 170 Net profit after tax $1.9 million for 1H FY12 $23.5 million for 1H FY13 Oil Production 601,000 barrels for FY12 1.24 million barrels for FY13 Drilling program 11 wells 30+ wells 2P reserves 6.9 million barrels1 10.8 million barrels Pipelines Proposed Complete and operational Gas Activity Drilling first Cooper Basin gas well Discovered Hornet gas field and basin centred gas play Cooper Basin resources Nil 2C: 1.9 Tcf 3C: 5.5 Tcf Surat Basin 2P reserves 13 mmboe (79 Bcf)1 26 mmboe (157 Bcf) 2017 gas price estimate A$6-9/GJ A$8-11/GJ2
1 As at 30 June 2011 2 Source: EnergyQuest
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Hornet contingent resources1 Prospective resource1,2 1C 2C 3C High Bcf mmboe Bcf mmboe Bcf mmboe Bcf mmboe 1533 26 835 139 2,374 396 3,686 614
1 Estimated gross raw gas. 1,000 Bcf = 1 Tcf. 1 barrel of oil equivalent = 6,000 cubic feet 2 Prospective resource includes contingent resource. 3 100% share. Senex has entered into an agreement to acquire the 20% share of PEL 115 held by Orca Energy Limited – refer ASX announcement dated 13 June 2013
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Track record for production and reserves growth:
targets to be drilled in 2013/14
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Source: APPEA, DMITRE (South Australia) and Senex estimates
5 10 15 20 25 mmbbls/year
DECLINE 1986 to 2000 STABILISATION 2000 to 2011 REVITALISATION 2011 onwards
Estimated total Cooper Basin FY14 oil production
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1 Before production and divestments
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Telephone +61 7 3837 9900 Email info@senexenergy.com.au Registered Office Level 14, 144 Edward Street GPO Box 2233 Brisbane Queensland 4000 Australia