EIG to invest into Senex Energy

Company News

by Jessica Amir

Senex Energy Limited (ASX:SXY) has announced it has secured a strategic arrangement with EIG Global Energy Partners.

EIG received Foreign Investment Review Board approval to invest in the oil and gas explorer and producer, Senex Energy Limited.

The approval will see EIG hold about 12% of expanded Senex issued capital.

Senex Energy Limited also raised $55 million via a placement to EIG, as well as to institutional and sophisticated investors.

Senex Energy Limited says the firm is ideally placed to grow in the east coast gas market.

Shares in Senex Energy Limited (ASX:SXY) are currently trading about 0.9% lower at $0.34
 

Jessica Amir

Finance News Network
Jessica is a senior finance journalist and presents bulletins including the Market Outlook, Market at Midday and Market Wrap. She also interviews ASX CEOs and leading fund managers. She joined FNN in January 2017 with over six years of broadcast journalism experience including with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for Prime 7 and WIN News. Jessica has worked in financial planning for over six years with leading wealth managers and in real estate.