PowerPoint Presentation
FY16 half year results
Ian Davies, Managing Director and CEO
Graham Yerbury, Chief Financial Officer
Brisbane, 23 February 2016
Ian Davies
Managing Director and CEO
Highlights
H1 FY16 results
Outlook
Project updates
Key takeaways
Cover slide imagery shows: Easternwell Rig 106 mobilised to the Ethereal-1 gas exploration well site (Origin Energy joint venture)
2 FY16 half year results
Key takeaways
Maintaining financial strength and pursuing growth
Strong financial position
Successful cost out program
Disciplined capital allocation in pursuit of growth
Strongly positioned for an oil price recovery
H1 FY16 business highlights
Solid performance in a challenging market
Corporate
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Improved safety performance, with TRIFR down 22% reflecting maintained commitment in a challenging market
Strengthened financial position: cash balance of $100 million and no cash drawn down on our debt facility of $80 million
Value accretive transactions: a series of strategic transactions in the Surat
Basin resulted in recognition of $38 million gain on sale of the Maisey block
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Gas
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Stage 1 unconventional gas opportunity with Origin Energy: early success in first two wells drilled, production testing to commence shortly
Western Surat Gas Project: strategic agreements completed with GLNG provide commercialisation and financing pathway for this project
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Oil
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Solid production performance from oil portfolio: continuing to deliver a strong margin
Murta tight oil project: capital and risk sharing transaction completed with Halliburton, and two wells fracture stimulated
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(1) TRFIR = Total Recordable Injury Frequency Rate. H1 FY16 TRIFR of 3.07 (H1 FY15 TRIFR of 3.92)
Senex Energy Limited issued this content on 29 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 28 March 2016 23:15:25 UTC
Original Document: http://www.senexenergy.com.au/investor-centre/files/fy16-half-year-results-presentation/