An Acquisition...? ...Quite possibly, adam.s:
How will the funds raised from the SPP be utilised by Senex?
The proceeds from the SPP and Placement will be used:
- to progress and accelerate development of the Western Surat Gas Project, maximising the value of Senex’s material gas reserves in the Surat Basin;
- to exploit Senex’s large acreage position in the Cooper Basin to support building a material gas business and increasing oil production; and
- to actively pursue growth opportunities to deliver gas into the undersupplied east coast gas market.
An Acquisition...? ...Quite possibly, adam.s: How will the funds...
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