Transaction details
- Asset swap agreed with QGC, CNOOC and Tokyo Gas secures Senex a material 100% owned Surat Basin gas project
- Senex will exchange its minority interests in QGC operated eastern Surat Basin gas permits PL 171 and ATP 574P1,2 for a 100% interest in, and operatorship of, three QGC JV western Surat Basin permits ATP 767, ATP 795, and ATP 8892
- On completion of the transaction, Senex will hold net 2P gas reserves of 488 PJ (83 mmboe) independently assessed by NSAI and MHA3
- No cash consideration payable by either party in relation to the transfer of the permits
- Transaction conditional on FIRB, Queensland Government, and other regulatory approvals.
To view Presentation please download PDF attached:
