Senex's revenue up 51% in Jan-Mar
Sydney-listed Senex Energy on April 20 reported sales revenue of A$33.2mn ($26mn) in the three months to March 31 (Q3), up 50.9% year/year owing to higher production.
Total production in Q3 was 4.6 petajoules (4.4bn ft3), up from 2.1 petajoules while sales volume doubled to 4.8 petajoules. “We have more than doubled production in the past 12 months, reaching nameplate capacity in the past quarter, to produce the equivalent of about 10% of Queensland’s gas demand,” CEO Ian Davies said.
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The company realised an average gas price of A$6.8/gigajoules in Q1, down from A$8.2/gigajoules in the same period last year.
Senex completed the A$87.5mn sale of its Cooper basin business to fellow Australian explorer Beach Energy in Q3. Beach will become the sole Western Flank operator, and will also take 100% of its infrastructure, including the Growler-Lycium and Lycium-Moomba flowline systems.