December 16, 2015

Senex and GLNG have completed the transaction for the development of the Western Surat Gas Project in Queensland, announced on 24 September 2015.

Senex’’s Western Surat Gas Project represents a near term opportunity to develop a major new revenue stream from a large 2P reserve base in a strategically located gas producing region. The combined effect of the two agreements is to significantly de-risk the advancement of the project by delivering a clear commercialisation and financing pathway, allowing access to GLNG infrastructure, and providing valuable subsurface data.

Senex Managing Director Ian Davies said it was a transformational deal for the company, and would underpin the development of a long term, material and sustainable East Coast gas business for Senex.

Read the full ASX announcement