Dec 10, 2017

Environmental OK to develop more Surat Basin gas

Environmental OK to develop more Surat Basin gas

ASX listed company Senex has received environmental approval from the Queensland Government to develop as many as 425 wells complete with gas and water gathering networks, compression facilities, and water management infrastructure.

Senex expects to receive all remaining state and commonwealth regulatory approvals for the development of the project by the end of the financial year FY18, including a petroleum lease.

Senex Managing Director and CEO Ian Davies said they were making great progress on the Western Surat Gas Project, systematically achieving the milestones to move into the development phase.

“2018 is set to be an exciting time, with the production of material gas from the Phase 2 wells and all the pieces in place for us to make the next material investment decision on the project,” Mr Davies said.

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