SXY, SENEX ENERGY LIMITED

[blacksheep]

In Reply To: blacksheep's post @ Oct 8 2018, 10:27 AM

FY19 production and capital expenditure guidance
Release Date: 29 October 2018

Senex Energy Ltd (Senex, ASX: SXY) provides the following guidance in relation to FY19
production and capital expenditure:
• FY19 production guidance of 1.1 – 1.5 mmboe (FY18: 0.8 mmboe)
o Production growth from recent oil drilling successes and gas volume ramp-up
• FY19 capital expenditure (net to Senex) of $110 – 130 million (FY18: $80 million)
o Acceleration of Surat Basin natural gas development programs and active oil
exploration and development activity in the Cooper Basin

According to AFR SXY, among others including Santos, is seeking to buy up-for-sale coal seam gas development Ironbark from Origin - Senex Energy bankers up for Origin Energy's Ironbark

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[blacksheep]

In Reply To: blacksheep's post @ Sep 28 2018, 07:50 PM

FWIW - JPMorgan note lifts its forecast for the energy sector but suggests SXY SP fully valued and downgrades SXY (and WPL) to underweight

SP currently down 3.88% @ 49.5c.

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[blacksheep]

In Reply To: blacksheep's post @ Aug 21 2018, 02:03 PM

Updated chart - hit a 52 week high of 50.7c today

https://www.shortman.com.au/stock?q=sxy

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[blacksheep]

In Reply To: blacksheep's post @ Aug 15 2018, 01:11 PM

Key FY18 results against the prior year:

• Excellent environmental performance, with no recordable incidents across any of Senex’s operations and the implementation of a strong environmental management framework for our Surat Basin projects;
• Disappointing safety performance despite a continued strong safety culture;
• Project Atlas awarded to Senex in September 2017;
• Production of 0.84 mmboe, up 12%, with new production from drilling success in the western flank and increasing gas volumes from the Western Surat Gas Project;
• Sales revenue of $70.3 million, up 61%, given a higher realised oil price and increased production;
• Operating cashflow of $5.3 million, up $13.4 million, on higher revenue and lower operating costs;
• EBITDAX of $43.4 million, up 495%, reflecting increased gross profit and a non-recurring gain of $16.9 million relating to the transaction with Beach Energy;
• Statutory net loss after tax of $94.0 million, reflecting a non-cash impairment of $113.3 million in respect of non-core Cooper Basin assets following a comprehensive asset portfolio review and the $16.9 million gain relating to the transaction with Beach Energy;
• Underlying net profit of $2.0 million, up $24.5 million, and
• Capital expenditure of $80.1 million, up 29%, mainly comprising $52.0 million on our Surat Basin gas projects and $23.5 million on our core Cooper Basin assets.

FY19 guidance will be provided to the market in conjunction with financial close of the ANZ debt facility,expected within four to eight weeks

Senex enters the new financial year with a free-carried ten well drilling campaign in the Cooper Basin and the funding required to develop our Surat Basin projects”.

https://www.shortman.com.au/stock?q=sx

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[blacksheep]

In Reply To: blacksheep's post @ Aug 7 2018, 01:45 PM

Couldn't quite get over the 50c, with a bit of a pull back today following the FY18 guidance, which includes an additional 2H non cash impairment of approx $33 mil

In summary, Senex expects to recognise the following items in FY18:
• Gain of approximately $17 million in the second half of FY18 on the completion of the Beach Energy transaction, representing the difference between Senex’s firm 60% share of the consideration and the carrying value of the Senex-Beach unconventional gas permits.
• Additional non-cash impairment charges for the second half of FY18 of approximately $33 million, bringing the full year total impairment to $113 million, on certain non-core Cooper Basin
exploration assets.

This non-recurring gain and impairment are subject to finalisation of Senex’s full year accounts, which are expected to be released to the ASX on Tuesday 21 August 2018.

Short positions @ 9 August 2018 = 2.49%. Will be interesting to see what tomorrow brings
https://www.shortman.com.au/stock?q=sxy
SP currently 48.75c - down 0.51%

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[blacksheep]

In Reply To: blacksheep's post @ Aug 1 2018, 03:19 PM

Updated chart - nudging 50c earlier (49.5c) - currently 48c
https://www.shortman.com.au/stock?q=sxy

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[blacksheep]

In Reply To: blacksheep's post @ Jul 1 2018, 09:36 PM

Positive results in yesterdays Quarterly - production and revenue both substantially up.

Also entered into a fully underwritten A$150 million debt facility to fund the development of its Surat Basin gas projects
HIGHLIGHTS
quote]•[ Net production: Senex produced approximately 270,000 barrels of oil equivalent (boe), up 42% for the
quarter. Full year production was 840,000 boe, up 12% compared to FY17 and in line with guidance of
750,000 - 900,000 boe.

• Project Atlas: Senex reached a significant milestone by partnering with Jemena to bring Project Atlas gas
to the domestic market in late 2019. Jemena will fund capital expenditure on downstream infrastructure and
Senex will pay an agreed tariff over a 25-year term. The agreement delivered both the path to market for
Project Atlas gas and also a material component of Senex’s overall funding requirement.

• Western Surat Gas Project (WSGP): Senex was granted a Petroleum Lease (PL) over the initial
development area of the Glenora and Eos blocks. Production from Phase 2 wells continues to increase,
averaging above three terajoules per day.

• Cooper Basin western flank: Senex agreed with Beach Energy the western flank drilling program for
FY19, to include at least three development wells and seven exploration wells and associated
infrastructure, commencing in August 2018. Senex will be free carried by Beach for up to $43 million.

• Capital expenditure was $23.1 million for the quarter, and $80.1 million for FY18, in line with annual
guidance of $80 - $100 million.[/quote]

SP hit a 52 week high of 47c - currently 46c
https://www.shortman.com.au/stock?q=sxy

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[blacksheep]

In Reply To: blacksheep's post @ May 21 2018, 04:04 PM

SP has come off the boil a bit, but rumours of M&A activity in the sector persist - SXY is one of those mentioned in this recent article -
All about the gas - Australia primed for more M&A

MELBOURNE (Reuters) - Private equity firms are expected to drive a wave of merger activity in Australia’s gas sector, hunting for bargains amid soaring demand in China, rising domestic prices and a broader oil market recovery.

“Most of the sub-billion market cap companies with reasonable 2P resources and cash flow or near term cashflow would be attractive to private equity funds,” said Eddie Rigg, head of corporate finance at Argonaut, who advised a private Chinese firm that lost out in a three-way bidding war for gas producer AWE Ltd in February.

Such companies include Senex Energy (SXY.AX), Central Petroleum (CTP.AX), Cooper Energy (COE.AX) and Strike Energy (STX.AX).

https://uk.reuters.com/article/uk-australia...a-idUKKBN1JK17A

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[colliedog]

In Reply To: blacksheep's post @ May 21 2018, 04:04 PM

get on this gem,there will be a t/o offer on this gem before too long.

[blacksheep]

In Reply To: blacksheep's post @ Apr 3 2018, 11:13 PM

SP getting a boost from the STO/Habour Energy bid?

Up 2.78% currently @ 46.25c

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