Senex com­pletes as­set port­fo­lio re­view

The Australian Energy Review - - NEWS -

SENEX En­ergy has an­nounced that its east coast gas business would drive ma­jor pro­duc­tion and earn­ings growth from 2019, af­ter com­plet­ing an as­set port­fo­lio re­view to pri­ori­tise fu­ture cap­i­tal al­lo­ca­tion.

The com­pany said ac­cel­er­ated de­vel­op­ment of Project At­las, in com­bi­na­tion with de­vel­op­ment of the Western Su­rat gas project and Cooper Basin core as­sets, would de­liver a step-change in pro­duc­tion and earn­ings from CY 2019.

“We are em­bark­ing on ma­jor in­vest­ments in our Su­rat Basin gas projects that will pro­vide very ma­te­rial pro­duc­tion and earn­ings growth in the near term, and im­por­tantly de­liver ad­di­tional gas sup­ply to the east coast,” Senex chief ex­ec­u­tive Ian Davies said.

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