$ – Australian dollars unless otherwise stated
1P – proved reserves in accordance with the SPE PRMS
2P – proved plus probable reserves in accordance with the SPE PRMS
3P – proved plus probable plus possible reserves in accordance with the SPE PRMS
2C – the best estimate scenario of contingent resources in accordance with the SPE PRMS
ASX – the Australian Securities Exchange operated by ASX Limited
ATP – authority to prospect granted under the Petroleum Act 1923 (Qld) or the Petroleum Gas (Production and Safety) Act 2004 (Qld)
Barrel/bbl – the standard unit of measurement for all oil and condensate production. One barrel = 159 litres or 35 imperial gallons
Beach – Beach Energy Limited
boe – barrels of oil equivalent, the volume of hydrocarbons expressed in terms of the volume of oil which would contain an equivalent volume of energy
bopd – barrels of oil per day
Contingent resources – those quantities of petroleum estimated to be potentially recoverable from known accumulations by application of development projects but which are not currently considered to be commercially recoverable due to one or more contingencies, as defined in the SPE PRMS
Cooper Basin – the sedimentary geological basin of upper Carboniferous to middle Triassic age in north east South Australia and south west Queensland
Cooper-Eromanga Basin – the Cooper Basin and the overlying Eromanga Basin within the limits of the Cooper Basin
CSG – coal seam gas where gas is stored within coal deposits or seams
DST – drill stem test
EBTIDA / EBITDAX – earnings before tax interest depreciation amortisation / and exploration expense
EIP – the Senex Employee Incentive Plan
Eromanga Basin – the Mesozoic sedimentary basin covering parts of Queensland, the Northern Territory, South Australia and New South Wales
ESG – environmental, social and governance risks
ESP – electric submersible pump
Exploration – drilling, seismic or technical studies to identify and evaluate regions or prospects with the potential to contain hydrocarbons
FY – financial year
Gross pay – the overall interval in which hydrocarbons are present in a well
GSA – gas sales agreement
HSE – health safety and environment
JV – joint venture
KPI – key performance indicator
LNG – liquefied natural gas, which is natural gas that has been liquefied by refrigeration for storage or transportation
LPG – liquefied petroleum gas
LTI – long term incentive
Market capitalisation – the Company’s market value at a given date and is calculated as the number of shares on issue multiplied by the closing share price on that given date
mbbls – thousand barrels
mmbbls – million barrels
mmboe – million barrels of oil equivalent
mscf/day – thousand standard cubic feet per day
mmscf/d – million standard cubic feet per day
Net pay – the smaller portions of the gross pay that meet local criteria for pay; porosity, permeability and hydrocarbon saturation parameters such that the reservoir is capable of producing hydrocarbons
NPAT – net profit after tax
OGIP – original gas in place
Oil – a mixture of liquid hydrocarbons of different molecular weights
Origin – Origin Energy Limited
Pedirka Basin – the Paleozoic intracratonic sedimentary basin located primarily in South Australia and the Northern Territory and possibly extending into Queensland
PEL – a petroleum exploration licence granted under the Petroleum and Geothermal Energy Act 2000 (SA)
PELA – an application for a PEL
Petroleum Act – the Petroleum Act 1923 (Qld), the Petroleum Gas (Production and Safety) Act 2004 (Qld) or the Petroleum and Geothermal Energy Act 2000 (SA) as relevant
PJ – petajoule
PL – a petroleum lease granted under the Petroleum Act 1923 (Qld) or the Petroleum Gas (Production and Safety) Act 2004 (2004)
Planet – Planet Gas Limited
PPL – a petroleum production licence granted under the Petroleum and Geothermal Energy Act 2000 (SA)
PRL – petroleum retention licence granted under the Petroleum and Geothermal Energy Act 2000 (SA)
Production – is the volume of hydrocarbons produced in production operations (including extended production testing)
RRR – reserves placement ratio which is calculated as the summation of estimated reserves additions and revisions divided by estimated production for the period before acquisitions and divestments
Reserve – commercially recoverable resources which have been justified for development, as defined in the SPE PRMS
SACB JV – the South Australian Cooper Basin Joint Venture which involves Santos (as operator), Beach and Origin
Sales volumes – equal to production less volumes of hydrocarbons consumed in operations (fuel, flare, vent and other shrinkage) and inventory movements
Santos – Santos Limited
Senex – Senex Energy Limited
SPE PRMS – the Petroleum Resources Management System 2007, published by the Society of Petroleum Engineers
STI – short term incentive
Stuart – Stuart Petroleum Pty Ltd (formerly Stuart Petroleum Limited)
Surat Basin – the sedimentary geological basin of Jurassic to Cretaceous age in southern Queensland and northern New South Wales
tcf – trillion cubic feet of gas
TFR – total fixed remuneration and it is the base component of each Senex employee’s remuneration (principally annual salary and superannuation contributions) which is not at risk
TRIFR – total recordable injury frequency rate
TSR – total shareholder return
USD – United States dollars
VWAP – volume weighted average price