Senex Completes Acquisition of APLNG Gas Fields

Source Press Release
Company Senex Energy LimitedAustralia Pacific LNG Pty Ltd. 
Tags Asset Deals, Deals, Upstream Activities
Date January 17, 2022

Senex Energy Limited (ASX:SXY) today announced it has completed the acquisition of undeveloped Australia Pacific LNG gas fields PL 209 and PL 445.

The acquisition of PL 209 and PL 445, adjacent to Senex’s Atlas field, has completed. For further information on the acquisition refer to Senex’s ASX announcement dated 8 November 2021.

Completion of the acquisition of PL 209 and PL 445 is one of the conditions precedent to the Scheme Implementation Agreement announced to the ASX on 13 December 2021. With the acquisition now having completed, that condition has been satisfied. The implementation of the proposed acquisition of Senex by POSCO INTERNATIONAL Corporation by way of scheme of arrangement remains subject to certain other conditions, as outlined in Section 3.1 of the Scheme Implementation Agreement.1

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