Senex Energy

Latest Senex Energy News

• Senex Energy Limited has been advised by Santos Limited, the operator of the ATP 752P Joint Venture, that the Cuisinier-4 oil appraisal well has commenced drilling.

• Snatcher-4 is the first of two approved appraisal wells at the Snatcher oil field to be drilled during the 2011/12 financial year.

• More than 500 petajoules (PJ) of net CSG reserves and resources independently certified.
• Net Proved and Probable (2P) CSG reserves increased by 75% to 138.1 PJ.
• Net Proved, Probable and Possible (3P) CSG reserves increased to 314.0 PJ.
• Net 2C contingent resource of 205.4 PJ ascribed.

• Halliburton fracture stimulation equipment and personnel have been secured for Sasanof-1 and work will commence as soon as regulatory approvals have been finalised.
• Drilling on Talaq-1, the second dedicated unconventional gas exploration well, commenced on 10 April 2012 and reached the first coring point yesterday.

• Appraisal activities at the Snatcher oil field ceased in January 2010 following a one-in-forty year flood of the Cooper Basin that inundated the field and isolated the two producing oil wells, Snatcher-1 and Snatcher-2.
• New hydraulic pumping units are currently being installed at Snatcher-1 and Snatcher-2 to reinstate production of the rod-pumped well.

• The Growler-10 appraisal well spudded on 27 March 2012 and reached a total depth of 1,850 metres on 7 April 2012.

• Significant gas shows evident across Epsilon and Patchawarra tight sands.
• Desorption testing of shale and coal samples has shown positive gas content.
• Sasanof-1 delivers exciting preliminary results.

• Senex reported that the reserve upgrade is predominantly the result of the successful and continuing appraisal and development drilling of the Growler Field.

• Closed the previously announced agreement with a publicly traded oil and gas issuer to acquire certain assets in the Senex area of northern Alberta.

• The first new well in the expanded campaign is the Growler-10 oil appraisal well in PRL 15.
• In addition to Growler-10, Senex and Beach have agreed to drill two appraisal wells at the Snatcher oil field in PEL 111: Snatcher-4 and Snatcher-5.

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