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 >>

Denmark >>  3/22/2017 - Shipping and oil company A. P. Moller-Maersk reached an agreement with the Danish state that means it will pay less tax on its North Sea oil and gas a...
Saudi Arabia >>  3/22/2017 - Saudi Arabian Oil Co. (Saudi Aramco ) is seeking to raise about $2 billion in its debut bond sale, the first step of a plan by the energy giant to tap...

Russia >>  3/21/2017 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Sergey Gorkov, Chairman of Vnesheconombank, took place at t...
Trinidad and Tobago >>  3/21/2017 - Touchstone Exploration Inc. (TXP) announces that the Trinidad and Tobago Minister of Energy and Energy Industries (MEEI) approved a reduction of the C...

Australia >>  3/17/2017 - On 1 February 2017, Senex announced a strategic arrangement with EIG Global Energy Partners (EIG), including welcoming EIG as a substantial shareholde...
Saudi Arabia >>  3/17/2017 - A deal to cut oil output by the Organization of the Petroleum Exporting Countries could be extended if inventories remain above average, Saudi Energy ...

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.