SENEX DOUBLES OIL PRODUCTION
Written on the 24 July 2013
SENEX Energy (ASX:SXY) delivered record oil production of 1.24 million barrels (mmbbls) from its Cooper Basin fields in the 12 months to June 30.
The company has $127 million in cash and no debt and plans to fully fund the oil exploration program with cash generated from the oil business.
It will seek to introduce a partner to the gas business at an early stage to aid with funding, marketing and technical expertise.