Shares in Senex Energy Limited (ASX:SXY) fell yesterday on news BG Group's wholly-owned subsidiary, QGC, has sold its 8 per cent stake in the shale-gas and oil explorer.
QGC, previously Queensland Gas Company, sold 73.9 million shares for $75 million through an institutional bookbuild underwritten by RBS Morgans.
Senex and BG Group remain joint venture partners in coal seam gas tenements in the eastern Surat Basin.
Shares in Senex Energy fell 5.29 per cent yesterday, closing at $1.08.
Senex Energy posted a net profit of $1.95 million in the first half of the 2012 financial year.
