SXY 1.59% $3.10 senex energy limited

GROWTH capex and available liquidity

  1. 1,360 Posts.
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    I totalled up our cash, available debt, free carries and the Jemena deal etc to see what we could see spent over the next 12-18 months on Senex projects, see below for workings, I might be $10-$20m out but it is a rough calc only:

    Avaliable cash $66.5m (per the quarterly)
    Available debt $150m (ANZ agreement)
    Jemena Atlas deal $140m deal
    Beach Western Flank free carry $45m
    The flagged WSG infrastructure deal similar to the Jemena/Atlas deal, unknown value but say $50m,
    Positive operating cashflow of say $30m+ over the next year (I calculated $6m for the June qtr based on movement in the cash balance and the detailed capex spend, operating cashflows are likely to grow in line with capex spend as well)

    The above totals just under $500m of potential money that could be spent by or on behalf of Senex. Obviously it wont all be spent but a fair chunk, probably $450m, of GROWTH CAPEX will be spent over the next 2 years. Which together with the $80m spent over the last financial year confirms the trajectory we are on.

    GLTAH and DYOR.
 
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