Each one in plain English, with the numbers worked through for a shareholder.
4 Dec 2013drilling progress report▲ Good
November report: 12 oil wells drilled since 1 July, 10 cased for future production. Burruna-3 found new Birkhead oil, Acrasia-6 has good shows, Vintage Crop-3 is still drilling, and the western flank program, including Growler-12 and -13, is next. Mostly repeats known results.
29 Nov 2013resource reserve update▲ GoodMajor
Senex books its first Murta Formation contingent oil resource: 4.9 mmbbl 2C (1.6 1C, 10.4 3C) net, with up to 82.6 mmbbl oil in place, independently assessed by DeGolyer and MacNaughton. A pilot horizontal well is planned, with initial results expected this financial year.
22 Nov 2013well test result▲ GoodMajor
Worrior-8 (PPL 207, Senex 70%) flowed gas at 0.7 MMscf/d and stabilised oil at 670 bopd from the Patchawarra, a new oil accumulation at the field. Reinterpretation suggests it may extend across the field. The well is shut in for pressure build-up testing.
22 Nov 2013well test result▲ Good
Cooper Energy, holding 30% of PPL 207, forwards Senex's Worrior-8 announcement: Patchawarra gas at 0.7 MMscf/d and oil at 670 bopd. A re-release of the Senex news with no new information.
21 Nov 2013asset acquisition disposition● Neutral
AOC settles its PEL 182 dispute by selling its 7.5% interest to Senex and Drillsearch for $3.75m, of which Dome receives $2m and AOC $1.75m. Senex's share of the cost and resulting stake are not stated in this text.
20 Nov 2013drilling result▲ GoodMajor
Burruna-3 (PEL 115, Senex 80%) reached 1,664 m, confirmed the Namur oil of Burruna-2 and found about 3 m of net pay in a new lower Birkhead accumulation, pending logging. This is a positive appraisal result for the field discovered with Burruna-2.
12 Nov 2013drilling result● Neutral
Tellus's final report: Pirie-1 (PEL 105) was cased and suspended as a potential Birkhead oil producer; the rig was released 9 Nov. It missed its Tirrawarra target after engineering problems and logs show poor sand quality. Senex holds 50% subject to approval, rising to 70% after a further well by 30 June 2014.
6 Nov 2013drilling progress report▲ Good
Orca forwards Senex's update: Burruna-3 appraisal (Orca 20%) spuds later this week, 564 m southeast of Burruna-2, to about 1,666 m. Burruna-2 is flowing at a constrained 1,000 bopd.
6 Nov 2013drilling progress report● Neutral
October report: Dunlop-1 (1,200 bopd) to be completed in November; Sprigg-1 cased with 6.3 m Murta pay; Pirraminta-2 dry; Pirie-1 cased as a potential Birkhead producer after oil shows. Burruna-3 starts this week; Spitfire-4, Vintage Crop-3, Acrasia-6 to follow.
4 Nov 2013drilling result▲ GoodMajor
Sprigg-1 in PEL 514 reached 2,472 m and intersected 6.3 m of interpreted net pay in the Murta Formation, plus shows in the Arrabury and Birkhead. Casing is being run; further cased-hole tests depend on rig availability.
4 Nov 2013drilling result▼ BadMajor
Pirraminta-2 in PEL 514 reached 1,771 m and found no significant hydrocarbons. It was cased and suspended as a future water well. This is a dry hole, and the second of the two farm-in wells due by end November 2013.
30 Oct 2013investor presentation● Neutral
Citi conference presentation by CEO Ian Davies recaps the three-year growth story and the 15-year tenure scheme. It says Burruna-2 is producing about 1,000 bopd, and Dunlop-1 will be on production this quarter. Largely repeats known facts.
25 Oct 2013asset acquisition disposition▲ GoodMajor
Orca completes sale of its 20% of PEL 115 to Senex (except Fury and Burruna blocks per earlier terms). Senex's 115,000,000 Orca shares were cancelled, and Senex nominee Denis Patten resigned from Orca's board. This completes the Orca deal that was awaiting approvals.
23 Oct 2013drilling progress report● Neutral
Sprigg-1 is preparing to run casing and plan a drill stem test over an interpreted 6.3 m net log pay in the Murta Formation from 1,593 m. No test result yet.
22 Oct 2013drilling spud● Neutral
Pirraminta-2 in PEL 514 spudded on 22 October, planned to 1,740 m. It is the second of two wells Senex must drill by end November 2013 under the Planet Gas farm-in.
21 Oct 2013drilling progress report● Neutral
Sprigg-1 in PEL 514 reached total depth of 2,470 m on 20 October and is being logged. It is the first of the two wells Senex must drill by end November 2013; Planet Gas is free carried.
18 Oct 2013drilling spud● Neutral
Planet Gas says Pirraminta-2 in PEL 514 (Senex 80% operator, Planet Gas 20% free carried) is about to spud, targeting the Murta Formation to 1,740 m. Sprigg-1 spudded 6 October and was at 1,546 m. Both count toward the farm-in's two wells due by end November 2013.
16 Oct 2013director officer appointment● Neutral
Senex signs a new employment contract with MD and CEO Ian Davies, replacing all prior arrangements, as foreshadowed in the 2013 Remuneration Report. Terms are in the AGM notice of meeting; this announcement gives no figures.
15 Oct 2013drilling progress report● Neutral
Tellus weekly report: Pirie-1 (PEL 105, Senex 50% subject to approval) is at 1,922 m after cementing surface casing and drilling 764 m this week. Continuing toward a 3,100 m target. No results yet.
15 Oct 2013production update▲ Good
Orca (20% partner) repeats that Burruna-2 started an extended production test after flowing over 3,600 bopd, restricted to about 800 bopd, with about 400,000 barrels recoverable in the Namur. Burruna-3 to be drilled in early November.
15 Oct 2013production update▲ GoodMajor
Burruna-2 (PEL 115, Senex 80%) began an extended production test after flowing over 3,600 bopd, restricted to about 800 bopd for now. Namur estimated at about 400,000 barrels recoverable if appraisal succeeds. Burruna-3 appraisal well follows Pirraminta-2.
10 Oct 2013drilling result▲ GoodMajor
Dunlop-1 in PEL 113 (Senex 100%) is a new oil discovery, flowing 1,200 barrels a day from about 3 m of McKinlay pay; up to 9 m of Murta pay is still to be tested. TD 1,469 m. It will produce this quarter.
8 Oct 2013drilling progress report● Neutral
Tellus weekly report: Pirie-1 (PEL 105, Senex 50% subject to approval) reached 1,158 m, with surface casing delayed when it stuck at 850 m. Drilling continues toward a 3,100 m target. No results yet.
2 Oct 2013drilling progress report▲ Good
September report: in the first three months of the program six wells were drilled and five cased as future producers. Kobari-2, Acrasia-7 (6.3 m net pay) and Ventura-2 (13.4 m net pay) are cased and suspended; Burruna-2 is being completed. Dunlop-1 spudded 1 October; Pirie-1 spudded 30 September.
2 Oct 2013drilling progress report▲ Good
Orca forwards Senex's September drilling report: Burruna-2 (Orca 20%) is completed for production, with an extended test due next week. Also notes 18 m of Murta core with free oil and fluorescence over 14 m. Other well details repeat known results.
26 Sept 2013other● Neutral
Senex removes the quarter-end trading blackout from its securities trading policy, because ASX reclassified it as a producing entity from 1 January 2013. The board keeps discretion to impose blackouts. Administrative change only.
11 Sept 2013farm in farm out agreement▲ GoodMajor
Tellus Resources agrees to farm out PEL 105 in the Cooper Basin to Senex. Senex gets 50% by paying $3.5m towards the Pirie-1 well, and rises to 70% (Tellus 30%) by funding another well by 30 June 2014, subject to ministerial approval. Tellus cites up to 3 million barrels recoverable.
4 Sept 2013drilling progress report● Neutral
Orca forwards Senex's August drilling report, highlighting Burruna-2 (Orca 20%) as a future oil producer with over 750 barrels a day in testing. Repeats known results.
4 Sept 2013drilling progress report▲ Good
August report: Ventura-2 (PPL 214, 100%) is cased as a future producer with about 12 m net pay; Burruna-2 is cased and suspended; Acrasia-7 is drilling. Mustang-1 is being recompleted with a high-rate pump. Kobari-2, Dunlop-1, Sprigg-1 and Acrasia-6 are next.
4 Sept 2013drilling scheduled● Neutral
Planet Gas says Sprigg-1 in PEL 514 (Senex 80% operator, Planet Gas 20%) will spud in late September 2013, targeting 2,464 m. It is the first of two wells Senex must drill by November 2013 under the farm-in.
