Senex and EIG transaction and capital raising

Ian Davies, Managing Director and CEO 1 February 2017

EIG and Senex strategic arrangement
  • EIG to become a substantial shareholder - currently holds 2.7% of Senex issued capital bought on-market

  • Working together to accelerate development of WSGP

  • Asset funding model to be jointly established across Senex portfolio

  • Material EIG funding available for WSGP project (up to US$300 million1)

    Institutional Placement

  • A$55 million successfully raised2

  • 15% of Senex issued capital

    placed at an issue price of

    31.5 cents

  • ~12.6% placed to EIG2

  • ~2.4% placed to institutional

    and sophisticated investors

  • Strong support from existing shareholders

    Share Purchase Plan

  • Offer for eligible shareholders to subscribe for up to A$15,000 of new Senex shares

  • Capped at A$40 million

  • Offered at the lower of a 5% discount to market or 31.5 cents with no brokerage costs to participants

1 Any future transaction or agreement between Senex and EIG regarding development funding will be subject to due diligence, any rel evant internal or regulatory approvals, and the parties reaching agreement on terms. 2 A portion of the placement to EIG is subject to FIRB approval.

Building a long term relationship with a respected global energy investor

To drive value from Senex's suite of growth projects

Accelerating the Western Surat Gas Project

To bring material gas online sooner and drive year on year volume growth

Increased balance sheet strength

To give Senex the financial flexibility to actively progress high quality growth

projects

Pursuing east coast gas market opportunities

To deliver new gas volumes into the structurally short east coast gas market

Exploiting our prime acreage position in the South Australian Cooper Basin

To support increased oil production and establish material gas production

Progressing and accelerating Senex's flagship Western Surat Gas Project

Exploiting Senex's large acreage position in the South Australian Cooper Basin

Actively pursuing growth opportunities to deliver gas into the east coast market

Senex Energy Limited published this content on 21 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 20 February 2017 22:02:10 UTC.

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