Brisbane-based Senex Energy has posted a 20 per cent fall in September quarter sales revenue, on the back of lower volumes and a lower average realised oil price.
Senex said its capital expenditure in the quarter fell by a third to $9.9 million, but was in line with the reduced capex guidance issued earlier this year.
Its operations are in Queensland's Surat Basin and the Cooper Basin in South Australia.
In August, the oil and gas producer lowered capital expenditure guidance for 2015/16 to $35 million to $45 million, compared to the $82 million spent in the previous year.
The company produced 0.28 million barrels of oil equivalents (mmboe) in the three months to September, down 13 per cent from a year ago. However, it expects to achieve its production guidance of 1.0 to 1.2 mmboe for the financial year.
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At 1250 AEDT, Senex shares were down one cent, or five per cent, to 19 cents.
