Senex Energy

From Wikipedia, the free encyclopedia

Senex Energy Limited
TypePublic
ASX: SXY
IndustryEnergy
Founded15 August 1984
HeadquartersLevel 30, 180 Ann Street, Brisbane, Queensland, Australia
Key people
Mr Ian Davies, Managing Director and CEO
Products
  • gas and petroleum exploration;
  • the production, treatment and marketing of crude oil;
  • transportation by pipeline of crude oil
RevenueA$70.4 million (2011/12)[1]
Number of employees
~150 (2013)
Websitewww.senexenergy.com.au

Senex Energy Limited (Senex) is an Australian energy company that was listed on the Australian Securities Exchange (ASX) in 1984.[2] The name is not an acronym, but refers to the Latin word Senex.[3]

Operations[]

Senex owns producing oil assets in Australia's Cooper Basin and operates exploration permits covering more than 70,000 square kilometres in South Australia and Queensland.[4][5]

Oil production[]

Senex operates more than 10 oil fields in the South Australian Cooper Basin, including Growler oil field, which was connected via pipeline to the Moomba oil processing facility in December 2012.[6][7][8]

In February 2015, Senex Energy discovered an oil pay zone at its Martlet North-1 exploration well on the western flank of the South Australian Cooper Basin.[9]

Gas exploration[]

Senex is one of a handful of exploration companies seeking to develop a commercial scale unconventional gas resource in the South Australian Cooper Basin.[10] Senex has not partnered with a multinational energy company to share the cost of its gas exploration programs.[11][12][6]

History[]

Senex was listed on the ASX in August 1984 as Victoria Petroleum N.L. At that time, the company was based in Perth and headed by Founding Managing Director John Kopcheff, who retired from the Board in September 2010.[13]

In June 2010, the company announced the appointment of Ian Davies as Managing Director and advised that the business would relocate its head office to Brisbane.[14] Later in the year, the business announced "aggressive development programs" for its oil and gas acreage in the Cooper and Surat Basins,[15] further leadership appointments [16][17] and obtained shareholder approval to amend the company's status and constitution.[18]

On 14 February 2011, the company officially changed its name to Senex Energy Limited and adopted the ASX ticker code "SXY".[3][4] One week later, the company announced a merger with fellow Cooper Basin oil producer Stuart Petroleum.[19]

Senex was admitted to the ASX/S&P 200 index in April 2012.[20] In March 2013, the ASX amended the company's classification to a Mining Producing Entity, for reporting purposes.[6]

On 13 December 2021, Senex agreed to be acquired by South Korean steel maker POSCO International for A$610 million.[21]

References[]

  1. ^ "Senex delivers $8.9 million net profit after tax" (PDF). ASX. 24 September 2012. Retrieved 29 April 2013.
  2. ^ "Listed company fact sheet: Senex Energy Limited (SXY)". ASX. 29 April 2013. Retrieved 29 April 2013.
  3. ^ a b "Victoria Petroleum becomes Senex Energy Limited" (PDF). ASX. 14 February 2011. Retrieved 29 April 2013.
  4. ^ a b "A commanding position in the Cooper Basin". The Australian Oil and Gas Review. 27 July 2012. Retrieved 29 April 2013.
  5. ^ "Holders of Petroleum and Geothermal Tenements in South Australia" (PDF). Government of South Australia. March 2013. Retrieved 29 April 2013.
  6. ^ a b c "March 2013 Quarterly Report" (PDF). ASX. 22 April 2013. Retrieved 29 April 2013.
  7. ^ "Senex exceeds target oil production for 2012/13". Oil Voice. 15 April 2013. Retrieved 29 April 2013.
  8. ^ "Senex posts record half-year profit on 70 per cent increase in Cooper Basin oil production". Adelaide Now. 25 February 2013. Retrieved 29 April 2013.
  9. ^ "Senex Energy hits Cooper Basin oil pay zone". Petro Global News. Retrieved 25 February 2015.
  10. ^ "Chapter 4, Unconventional Gas Projects, Roadmap for Unconventional Gas Projects in South Australia" (PDF). PIRSA. 12 December 2012. Retrieved 29 April 2013.
  11. ^ "Shale be right as international big boys arrive". The Australian (Business with the Wall Street Journal). 1 April 2013. Retrieved 29 April 2013.
  12. ^ "Chevron shale bet down under makes Senex target: Real M&A". Bloomberg. 7 March 2013. Retrieved 29 April 2013.
  13. ^ "John Kopcheff retires from the Victoria Petroleum N.L. Board". E&P Magazine. 22 September 2010. Retrieved 29 April 2013.
  14. ^ "Victoria Petroleum N.L. appoints new Managing Director, new senior management and announces head office relocation to Brisbane" (PDF). ASX. 24 June 2010. Retrieved 29 April 2013.
  15. ^ "Victoria Petroleum announces $26 million placement, aggressive development programs and reserves targets" (PDF). ASX. 22 November 2010. Retrieved 29 April 2013.
  16. ^ "Mr Tim Crommelin appointed as Non-executive Director" (PDF). ASX. 18 October 2010. Retrieved 29 April 2013.
  17. ^ "Victoria Petroleum appoints Chief Financial Officer" (PDF). ASX. 16 November 2010. Retrieved 29 April 2013.
  18. ^ "AGM Results" (PDF). ASX. 26 November 2010. Retrieved 29 April 2013.
  19. ^ "Senex merges with Stuart Petroleum in $78m deal". Australian Financial Review. 21 February 2011. Retrieved 29 April 2013.
  20. ^ "S&P indices to include Senex Energy Limited in S&P/ASX 200 Index-S&P Indices". Reuters. 16 April 2012. Retrieved 29 April 2013.
  21. ^ Reuters (12 December 2021). "Australia's Senex agrees to $610 mln buyout by POSCO International". Reuters. Retrieved 1 January 2022.

External links[]

Retrieved from ""