SXY 0.00% $4.60 senex energy limited

Outlook With gas processing infrastructure established at Atlas...

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    Outlook
    With gas processing infrastructure established at Atlas and Roma North, and a growing reserves base, Senex has successfully delivered on the foundations to achieve continued growth in production, earnings and cashflow from its valuable east coast Surat Basin natural gas position.
    In the 2021 financial year we will begin to reap rewards from our investment in the Surat Basin, with production forecast to triple from 2019 levels to more than 3.6 millions barrels of oil equivalent in 2022 without any further investment in growth projects.
    Further growth can be expected as we continue to capitalise on our strategic strengths within a strict capital allocation framework. At Roma North, contracts have been agreed to procure long-lead items for a 50 per cent expansion of processing capacity to
    24 terajoules a day.
    We are rapidly becoming more resilient to oil price volatility. In 2017 oil accounted for all of Senex’s output: in 2022 we expect gas to make up more than 80 per cent of our production.
    Thank you... Together, we have transformed Senex into an important natural gas producer, a supporter of the manufacturing industry, jobs and the broader economy



    - no, thank you
    Last edited by CEOChair: 16/09/20
 
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