Senex completes asset portfolio review to support gas project development; expects non-cash impairment of non-core Cooper Basin exploration assets
Senex Energy Limited (Senex, ASX: SXY) today announced that its east coast gas business will drive major production and earnings growth from 2019, with Senex completing a comprehensive asset portfolio review to prioritise future capital allocation to accelerate gas project development.
As a result, Senex expects to recognise a non-cash impairment charge of $80 million in its half year results to be released on 22 February 2018 in respect of non-core Cooper Basin exploration assets.
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