Shares in this small-cap oil and gas exploration and production company were up 1.7% to $0.42 Friday, following the announcement that Senex appointed former Origin Energy Ltd(ASX: ORG) CFO Gary Mallett as its new chief financial officer. Senex’s share price grew 60% in the last 8 months.
The stock received its first boost in September when the company was awarded a 58 square kilometre acreage in the Surat Basin by the Queensland government for domestic gas supply. The company’s revenue in the first half of FY2018 was 30% higher than in the previous corresponding period, with declining operating costs. Senex expects to ramp up production in Queensland in the second half of the year, and will be one to watch when it releases its quarterly update on April 26.