Senex Energy Limited
(ASX:SXY) has done a deal with GLNG for a 20 year gas sales agreement and the sale of a major asset.
Senex will receive $42 million for its share of the 77km square Maisey block adjacent to the GLNG areas of the Roma gas field in Queensland.
In return GLNG will also provide Senex with technical and operating data and purchase gas from the nearby Western Surat Gas Project in a binding 20 year gas sales agreement.
Further agreement for the potential shared use of the existing GLNG water treatment and gas processing infrastructure is also on the table.
Senex reported a net loss of $80.65 million for the 2015 financial year.
