Senex Energy (SXY)

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Senex Energy (SXY) is an Australia-based company engaged in oil and gas exploration and production. The company operates in two segments. The coal seam gas exploration segment pertains to its interest in the Surat Basin/Bowen Basin in Queensland. The oil exploration and production segment pertains to the Company’s interest in the Cooper Basin/Eromanga Basin in South Australia and Queensland. The total net oil production during the fiscal year ended June 30, 2010 (fiscal 2010), was 142,579 barrels of oil.

Senex Energy Limited is an oil and gas business with a solid foundation and bold growth ambitions.

It has a dual focus:
Oil in the Cooper Basin
The company is a major independent oil producer in the Cooper Basin and holds a strong acreage position in the Cooper Basin's western flank. Despite major flooding in the Cooper Basin during 2010, Senex Energy delivered record oil production in the 2009-2010 financial year. It is pursuing a rapid development strategy in its Cooper Basin acreage, targeting a significant increase in oil reserves and production capability in the short to medium term.

Coal seam gas in the Surat Basin
It also holds several strategically located coal seam gas tenements in Queensland's booming energy hub, centred on the Surat Basin. By working with experienced partners such as QGC – a BG Group business, and Bow Energy, Senex Energy is undertaking an ambitious exploration program to unlock significant coal seam gas reserves. The company's highly-productive tenements are located close to existing infrastructure and in the feedstock region of several multi-billion dollar liquefied natural gas (LNG) projects.

Senex Energy Limited Company History

Formerly known as Victoria Petroleum NL, Senex Energy Limited (ASX: SXY) draws on a rich history in the exploration and development of oil and gas resources. Since listing on the Australian Securities Exchange in 1984, the company has earned a reputation for resilience and a deep understanding of the Australian oil and gas industry.