• Surat Gas production reaches 50 TJ/day (>18 PJ/year): With Atlas achieving a daily rate above 30 TJ after quarter end, peak daily production for our Surat Basin assets reached 50 TJ/day

• Surat Gas quarterly production up 16% to 4.3 PJ: Atlas ramp-up continued with production increasing 31% for the quarter (up 225% on the previous December quarter) and tracking to initial nameplate capacity (32 TJ/day).

• Sales revenue up 26% to $27.9 million: Increased revenue due to higher production volume and improved realised pricing for oil-linked Roma North natural gas production.

• Sale of Cooper Basin business to Beach Energy: Sale to Beach in November 2020 for $87.5 million strengthens Senex’s balance sheet and cashflow resilience. Completion is expected in Q3 FY21.

• Additional customer contracts signed: During the quarter additional customer contracts were signed for more than 6 PJ over CY 2021 and 2022.

• Roma North expansion enters FEED: FEED activities commenced for the expansion of the Roma North field to 48 TJ/day (~18 PJ/year).

Disc: I have small holding

https://www.senexenergy.com.au/wp-content/uploads/2021/01/2167306.pdf