In its most recent quarterly report, Senex recorded a 6 per cent increase in quarterly production growth, up to 5.0 PJ.
According to Senex, the growth in production can be attributed to commissioning at Roma North Stage 1b expansion and the nameplate production of 32 TJ/day achieved at Atlas.
Sales revenue is up 2 per cent, to $33 million, at an average realised gas price of $7.4/GJ.
Stage 1 b works at the Roma North processing facility expansion to 9 PJ/year was commissioned during the quarter, with a peak production gas rate of 22 TJ/day achieved in September.
On Stage 2, front-end engineering and design activities are complete for the expansion of Roma North to 18 PJ/year, incorporating infrastructure electrification, with a final investment decision (FID) expected in the coming months.
Managing director and chief executive officer Ian Davies said the results from the last quarter reflect the company’s commitment to providing sustainable natural gas to The Australian industry.
“Senex has delivered a strong quarter of operational and financial performance as we advance towards our growth target of 60 PJ by year-end FY25,” said Davies.
“Production increased 6 per cent for the quarter and in doing so recording our nineteenth consecutive quarter of Surat Basin production growth.
“And we continue to execute our disciplined expansion strategy at both Roma North and Atlas, with a large natural gas reserves position and utilising our proven hub-and-spoke infrastructure operating model, to deliver affordable and reliable volumes of natural gas to our customers and into a tightening east coast gas market.”
The company also signed additional gas sales agreements with Adbri, Opal, 29Metals and New Century Resources during the quarter.
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