Category — My Portfolio
Here is the latest update on SXY. More details on SXY can be seen here on Asxnewbie in the ” My Portfolio” section.
Senex Energy Limited (Senex, ASX: SXY) is pleased to report tha tgas has flowed to surface at a rate of more than two million cubic feet per day at the Hornet - 1 unconventional gas exploration well in the southern Cooper Basin permit PEL 115 (Senex 80% and Operator; Orca Energy Limited (Orca, ASX: OGY) 20%).
April 4, 2013 Comments Off
Our drilling energies and resources in 2013 are being channelled into developing and growing our near plant Mineral Resource and Ore Reserve over the next 12 months,” said Focus Minerals Chairman and Acting CEO Don Taig. ” Our goal is to return the business to a stable position of having 2- 3 years of Ore Reserves ahead of us which will in turn enable us to make the appropriate key business decisions in relation to mill expansions and recommissioning’s which we know can have a significant impact on the long term economics of our operations.
March 29, 2013 Comments Off
FAR’s Managing Director Cath Norman said,“ Being the longest standing operator of exploration acreage in the Kenyan
March 29, 2013 Comments Off
March 26, 2013 Comments Off
March 17, 2013 Comments Off
Here is the latest monthly drilling report for SXY. The full report can be seen by going to the ASX website.
Senex completed hydraulic fracture stimulation of Skipton 1 and Kingston Rule 1 unconventional gas wells in the southern Cooper Basin
A five well oil appraisal and development campaign was approved for Cuisinier oil field in Queensland Cooper Basin permit ATP 752P with drilling expected to commence in March 2013
Senex will drill a second well at Vintage Crop oil field in March 2013. [Read more →]
March 6, 2013 Comments Off
Here is the latest report on FAR. More details on FAR can be found in ” MY PORTFOLIO” here on Asxnewbie. The full report can be seen by going to the ASX website.
Potential of 7 billion barrels of hydrocarbon resources offshore Africa
The Board of FAR Limited (“FAR” or “the Company”) is pleased to announce the outcome of the updated prospective resource estimates following the completion of internal technical studies.
The new assessment of the prospective resources, on an un-risked, best-estimate basis, concludes that approximately seven billion barrels of hydrocarbon resources (5.4 billion barrels attributable to FAR) could be contained within just two of FAR’s offshore African oil exploration permits.
FAR managing director, Cath Norman, said, “The prospective resources that have now been identified in our Senegalese and Kenya L6 projects are much larger than we originally assessed.
There has been no oil and gas drilling off the Senegal coast for over 40 years and none in this Kenyan block for 20 years. We are confident of introducing a world class partner into both of these project areas. Modern seismic data and other new technologies clearly indicate very strong potential in these areas and we are aiming to drill in these blocks before year end”. [Read more →]
February 27, 2013 Comments Off
This report plus others relevant to Senex (asx code SXY) can be seen by going to the ASX website.
Senex delivers record profit of $23.4 million and 70% production increase for the 2012/13 half year
Senex Energy Limited (ASX:SXY, Senex) today announced a record $23.4 million net profit after tax for the first half of 2012/13 following a 70% increase in net oil production from the Company’s Cooper Basin oil fields over the period.
1. Record net oil production of 660,136 barrels, up 10% on the full year 2011/12 result and 70% on the previous six months
2. Group revenue of $77.3 million, up 208%
3. Gross profit of $40.7 million, up 270%
4. Net profit after tax1 of $23.4 million, up $21.4 million on half year ended 31 December 2011
5. EBITDAX2 of $36.5 million, up $28.7 million
6. Strong cash position of $150 million at 31 December 2012, with no debt
7. Coal seam gas 2P reserves upgraded to 156.6 PJ (+13.4%) and 3P reserves to 357.7 PJ (+13.9%) [Read more →]
February 26, 2013 Comments Off
Here is the latest Update on Far Limited ( Asx Code FAR) . More information can be seen in the section ” My Portfolio” right here on Asxnewbie. The complete update which was too large to be posted here can be seen at the ASX. Here are the highlights.
Offshore East Africa
9 exploration licenses in 3 countries
•Combined 31,400km2 area
•Combined best estimate unrisked prospective resources 2,425MMboe*
•5 wells in next 18 months1
•Drill Kenya L6, Senegal end 2013
•Data acquisition phase complete, well obligations only
•Numerous prospects and leads mapped
•Sinapa field (est 100mmbbls recoverable) to be appraised Q3/4 2013
Assuming current options are taken up *From RISC Competent Persons Report (CPR) Oct 2010, RPS CPR Jun 2011, Senergy CPR Nov 2011 and excluding Kora estimates. [Read more →]
February 15, 2013 Comments Off
Here is the latest updated drilling report for Senex Energy. The full report can be seen on the ASX website.
Senex Energy Limited (ASX:SXY, Senex) has commenced a large scale fracture stimulation program on its unconventional gas exploration wells in the South Australian Cooper Basin, beginning with Skipton-1 in PEL 516 (Senex 100%). The five well program aims to delineate unconventional gas resources in several Senex permits in the southern and northern South Australian Cooper Basin.
Senex has successfully drilled three new dedicated unconventional gas exploration wells in its southern permits (Skipton-1, Kingston Rule-1, and Talaq-1). A fourth well, Paning-2 in the northern Cooper Basin, has successfully been drilled and is currently being cased. Senex observed significant zones of net gas pay within all of these wells.
This program involves fracture stimulation and flow testing of these wells, along with the existing Hornet-1 well which flowed gas to surface during drilling in 2004. Senex expects this program will provide information on post-fracture production rates and detailed information to allow the refinement of fracture stimulation design within tight gas sands, shales and deep coals in the Cooper Basin. [Read more →]
February 11, 2013 Comments Off