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 the Market Outlook, Market at Midday and Market Wrap. She also presents ASX company news and interviews CEOs. She joined FNN in January 2017 with six years of broadcast journalism experience. She worked as a journalist and producer with Sky News Business, ABC 1, ABC's The Business and ABC24. She also worked in regional Australia for Prime 7 and WIN News as a TV reporter. In her prior life she worked as a financial planner.