Senex is an oil and gas business with a solid foundation and bold growth ambitions.
It is focused on growth in three areas:
- Oil in the Cooper Basin
- Unconventional gas in the Cooper Basin
- Coal seam gas in the Surat Basin
Oil in the Cooper Basin
Senex is a major oil producer in the Cooper Basin, with a strong acreage position on the Cooper Basin's western flank. The company 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.
Unconventional gas in the Cooper Basin
Senex is working towards developing a large-scale, cost-competitive unconventional gas resource in South Australia's Cooper Basin. The company gained an impressive portfolio of unconventional gas acreage when it acquired Stuart Petroleum Limited in 2011. It has subsequently expanded its portfolio through key farmins to have a commanding position in some of the Cooper Basin's most prospective areas for unconventional gas.
Senex's unconventional gas acreage includes:
- Shales: Thick, mature Roseneath and Murteree shales
- Coals: Thick, mature Toolachee coals and thick Patchawarra coals
- Tight sand and coal sequences: Thick Toolachee sand and coal sequences
Senex began exploring for unconventional gas in May 2011 when it drilled Vintage Crop-1 in the southern Cooper Basin. Based on the success of this well, Senex committed to a dedicated three-well unconventional gas exploration program in July 2011 and to a 12-well program over 18 months in July 2012.
Coal seam gas in the Surat Basin
Senex holds four strategically located coal seam gas tenements in Queensland's booming energy hub, centred on the Surat Basin. 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.
In partnership with experienced coal seam gas exploration companies, Senex is undertaking an ambitious exploration program to unlock significant coal seam gas reserves.