Senex accelerates Cooper Basin gas production with grant funding
Friday, Mar 17, 2017
Senex Energy (ASX:SXY) has announced it will accelerate the delivery of gas from its Vanessa field in the Cooper Basin with the approval of $5.82 million in funding through the South Australian Government’s PACE Gas Grant Program.

Senex Managing Director and CEO Ian Davies said that the funding would contribute to the cost of infrastructure to connect the Vanessa gas field with South Australian customers. South Australia’s Plan for Accelerating Exploration (PACE) Gas Grant Program was launched in late 2016 to help secure new and significant gas supplies for the state.

“This gas project will deliver new gas primarily from the Senex-operated Vanessa field in the northern Cooper Basin to South Australian domestic customers,” Mr Davies said. Reflecting its continued commitment to onshore gas exploration, Senex recently commenced drilling of the high impact Silver Star-1 gas exploration well in the Cooper Basin. Mr Davies said, “Drilling of Silver Star-1 reflects our commitment to unlocking high risk gas acreage in the Cooper Basin and to delivering more supply for the east coast market.”

For more information, please visit: http://www.senexenergy.com.au

For additional information on this project, please visit our ProjectsOGP database

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