Oil and gas producer Senex Energy has delivered an 11 per cent increase in production for the December quarter after bringing new wells on line including its Western Surat Gas projects in Queensland.
Senex Managing Director and CEO Ian Davies said robust pricing and higher volumes helped boost quarterly sales revenue by 33 per cent to $17 million.
Net sales for the December quarter was 190,000 boe, up 19 per cent on the September quarter.
Senex delivered its first full quarter’s contribution from the Marauder-1 well and initial gas volumes from its Western Surat phase two wells during the quarter.
Net production for the first half of 2017/18 of 370,000 barrels of oil equivalent (boe) was down 9.7 per cent compared to 410,000 boe in the first half of 2017.
Shares in Senex were steady at 37 cents at 1340 AEDT.