ASX Company News: Oil Production Resumes At Growler Oil Field

September 30th, 2011

Senex Energy Limited (SXY) confirmed that production had resumed at Growler oil field in the South Australian Cooper Basin.

Senex Managing Director Ian Davies said that Growler production had recommenced in PRL 15 (Senex 60%).  “We regained access to Growler oil field on 29 September after rebuilding the bridge across Cooper Creek and regrading the access road. Production recommenced immediately and the first oil deliveries from the site will begin in coming days,” he said.

Mr Davies said that production was  also due to commence within days at Vintage Crop-1 in PEL 516 (Senex 100%) following the discovery of oil in the McKinlay Member of the Murta Formation in June 2011.

“This is the beginning of a very exciting time for Senex as we ramp up production in line with our 2011/12 target of more than 700,000 barrels of oil. Now that we have regained access to Growler, work will start on our aggressive development and exploration  drilling programs in PRL 15 and the adjacent PEL 104 licence,” he said.

www.senexenergy.com.au

http://www.traderdealer.com.au/Fundamentals/sxy

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