Page 14 - AsianOil Week 10 2021

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required for the Surat Basin project. fully supportive of Santos’ strategy and future power supply that helps the recovery of the
Armour’s environmental authorities are direction and is excited to remain Santos’ Queensland and Australian economies.
supported by cash-backed bank guarantees, largest individual shareholder with a 9.97 per “Senex will continue to build a portfolio
with a financing arrangement in place with cent stake. of gas sales agreements that support jobs
Tribeca. As a result of this notice from DES, As a result of the reduced shareholding, and regional economies as we partner with
Armour will be able to reduce the value of the 2017 strategic relationship agreement commercial and industrial customers for long-
bank guarantees provided to the Queensland with ENN regarding board representation term and mutually beneficial relationships.
Government and in turn, reduce the amount and other matters is no longer effective. “Each of our long-term and mutually
under the financing facility with Tribeca. Accordingly, the ENN-nominated director Mr beneficial relationships – with partners also
Once applied, this decrease to the Tribeca Eugene Shi will resign from the Santos Board including CSR, Orora, Visy Glass, Alinta
facility together with the unscheduled following completion of the sale. Energy and Southern Oil Refining – reinforces
accelerated amortisation payment on SANTOS, March 8, 2021 Senex’s significance as a supplier of natural gas
the Senior Secured Amortising Notes as to the east coast market,” Mr Davies said.
announced on 4 February 2021, will result in Senex, CleanCo sign new SENEX ENERGY, March 9, 2021
total debt of $43 million. Since 30 June 2020,
the Company has reduced its outstanding gas sales agreement Tamboran announces
long-term debt by 30% in total from $62
million to $43 million consisting of $37.6 Senex Energy Ltd today announced it had changes to its board
million of Amortising Notes and $5.6 million agreed a further domestic gas sales agreement
Tribeca facility. with power generator CleanCo Queensland Tamboran is pleased to announce the
ARMOUR ENERGY, March 11, 2021 for 2.55 petajoules (PJ) of natural gas in 2022. appointment of Non-Executive Director, Dick
The one-year agreement starting on 1 Stoneburner, as Chairman of the Tamboran
ExxonMobil appoints Dylan January 2022 brings Senex’s total contracted Board effective February 2021, and the
volumes with CleanCo to more than 5.1 PJ
appointment of Ann Diamant as a new Non-
Pugh as Chairman over the 2020-22 calendar years. Gas will Executive Director of the Company effective
March 2021. Patrick Elliott has stepped down
be supplied at the Wallumbilla Gas Hub
ExxonMobil has appointed Dylan Pugh in Queensland at a fixed price in line with as Chairman and remains on the Tamboran
chairman of ExxonMobil Australia Group current market levels. Board as a Non-Executive Director.
of Companies, effective April 1. Pugh will be CleanCo is the Queensland Government- Mr Stoneburner is currently Executive
based in Melbourne. owned corporation focused on delivering Adviser, Pine Brook Partners. He was
Prior to his appointment, Pugh was the affordable and reliable clean energy. Senex- formerly the Founder, President and Chief
general manager of U.S. conventional at produced natural gas fuels Swanbank E, Operating Officer of Petrohawk Energy
ExxonMobil, overseeing operations in Alaska, CleanCo’s highly efficient 385 MW gas-fired Corporation (2003-2011), where under his
California, Wyoming and the U.S. Gulf of power station near Ipswich in south-east leadership Petrohawk developed a global
Mexico. He joined ExxonMobil Upstream Queensland which plays a key role in ensuring leading unconventional oil and gas portfolio.
Research Company in 2003 and has held the ongoing reliability and stability of Mr Stoneburner also held leadership roles
a variety of senior executive positions in Queensland’s electricity network and allows as the President of the North American
the corporation’s upstream operations, CleanCo to offer low-emissions, reliable Shale Production Division at BHP Billiton
research and commercial organizations, with power to customers. Petroleum. Mr. Stoneburner began his career
assignments in Canada, Kazakhstan and the Managing Director and CEO Ian Davies as a geologist in 1977 and held positions
United States. said Senex is proud to be helping power at Texas Oil and Gas Corp., Weber Energy
Pugh holds a bachelor of science in physics Queensland business with cleaner energy. Corp., Hugoton Energy Corp. and 3TEC
and doctor of philosophy in materials science “The strong ongoing relationship between Energy Corp.
from the Virginia Polytechnic Institute and Senex and CleanCo contributes to security of TAMBORAN RESOURCES, March 9, 2021
State University.
Pugh replaces Nathan Fay, who has
been appointed vice president acquisitions
and divestments in Houston, Texas. Fay’s
departure comes as the West Barracouta
project, the largest domestic gas project this
decade, nears completion.
EXXONMOBIL, March 9, 2021
ENN sells Santos shares

Santos has been advised by ENN Group
(ENN) that it has sold approximately 107.1
million shares representing a 5.14 per cent
interest in Santos at $7.33 per share.
The sale process was oversubscribed and
received strong support from existing and
new institutional shareholders.
ENN has advised Santos that it remains

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