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Senex Energy Announces Transfer of Lattice Gas Free-Carry to Western Flank

16 Apr 2018  |  08:45:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Transfer of Lattice gas free-carry to western flank

Senex Energy announced that the Company and Beach Energy had reached agreement to transfer up to $43m free-carry commitment on the JV'S unconventional gas project to the Company's operated Cooper Basin western flank oil assets. The JV will commence an agreed work program in early FY 2019 that includes at least three horizontal development wells and seven exploration wells, and associated infrastructure, over 18 months. It continues to see gas prospectivity in its Cooper Basin unconventional gas acreage given the opportunities that exist for new long-term supply in the east coast gas market.

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