https://www.miningweekly.com
Energy|Exploration|Gas|Oil And Gas|Drilling
Energy|Exploration|Gas|Oil And Gas|Drilling
energy|exploration|gas|oil-and-gas|drilling

Senex reports stellar quarter

23rd January 2020

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed energy provider Senex Energy has reported a 35% increase in oil and gas production during the three months to December, with the company producing 447 000 barrels of oil equivalent.

Gas production for the quarter was up 72% on the previous quarter, to 261 000 barrels of oil equivalent, on the back of the continued ramp-up of the Roma North operation, and initial production from the Atlas and Gemba field.

Oil production for the quarter was also up by 3%, to 186 000 barrels.

“This was a stand-out quarter for Senex, as new gas molecules were delivered to the domestic market and gas production in the Surat basin outperformed,” said Senex MD and CEO Ian Davies.

“We have now reached 20 TJ/d of gas production in the Surat basin. With existing wells continuing to ramp up and more new wells to be brought on line in coming weeks, this growth trajectory is expected to continue.”

Davies noted that in the Cooper basin, Senex is completing the free-carry drilling campaign and an interpretation of the Westeros three-dimensional survey has provided a large inventory of material exploration and appraisal leads to pursue.

Meanwhile, Senex on Thursday reported sales revenue of A$29.4-million for the quarter, up 23% on the previous quarter, on the back of the higher production and a higher realised oil price.

Edited by Creamer Media Reporter

Comments

Latest News

The integration of Alamos' Island Gold mine (pictured) and Argonaut's Magino mine will create synergies of $515-million.
Alamos buys rival Argonaut
27th March 2024 By: Mariaan Webb

Showroom

Actom image
Actom

Your one-stop global energy-solution partner

VISIT SHOWROOM 
VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.077 0.109s - 90pq - 2rq
Subscribe Now