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
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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
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Gas
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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
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Oil
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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
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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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