Gulf Oil and Gas accountACCOUNT

EIG Receives FIRB Approval for Investment in Senex

Source: www.gulfoilandgas.com 3/17/2017, Location: Not categorized

Share |
On 1 February 2017, Senex announced a strategic arrangement with EIG Global Energy Partners (EIG), including welcoming EIG as a substantial shareholder. Senex also announced it had conducted a successful raising of approximately A$55 million via a placement to EIG and other institutional and sophisticated investors.

Of the 146 million shares placed to EIG, the final tranche of approximately 50 million shares was conditional on FIRB approval. Senex has been advised that this approval has been secured, with EIG to hold approximately 12% of expanded Senex issued capital.

Senex Managing Director and CEO Ian Davies said, “Our strong financial position and operating capability mean we are ideally placed to convert opportunities in the structurally short east coast gas market. We are looking forward to working with EIG to pursue material growth for Senex.”

Financials and Investment News in Australia >>

Egypt >>  4/27/2017 - A Swiss court ordered Egyptian natural gas companies to pay Israel’s state-owned electricity provider $2 billion in fines for breach of previous contr...
Botswana >>  4/26/2017 - Tlou Energy has raised a total of £4 million for its Botswana CBM project. Funds will be used to undertake additional field appraisal to expand Tlou’s...

Norway >>  4/26/2017 - Seadrill Limited (Seadrill), as part of its restructuring plans, has signed and closed an agreement with Archer and its lenders to extinguish approxim...
Norway >>  4/26/2017 - Seadrill Limited (Seadrill) has amended the revolving credit facility provided to North Atlantic Drilling Ltd., a majority owned subsidiary, to mature...

Venezuela >>  4/26/2017 - Venezuela is renegotiating licenses for its natural gas projects to incorporate mixed payments in local currency and U.S. dollars for gas sales, said ...
Italy >>  4/22/2017 - Key Italian oil refiner Saras says it has cleared all the debt it owed Iran for oil purchased before sanctions were imposed against the country in 201...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Australia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 |

More News

 

Oil & Gas Companies in Australia >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.