Senex Agrees for A Long-Term Agreement with Orara

  • Dec 11, 2019 AEDT
  • Team Kalkine

Senex Energy Ltd (ASX: SXY) has agreed to expand its natural gas sales agreement with the Orara Limited. Orara Limited has agreed to supply 13.2 petajoules of natural gas from Project Atlas.

  • Earlier on 1st May 2019, the company announced a two-year sales agreement for the supply of 3.3 petajoules of natural gas with Orara;
  • Now they have increased the agreement to supply a further 9.9 petajoules of natural gas from Project Atlas over six years from 2022 to 2027;
  • This will bring the total contracted volume under the gas sales agreement to 13.2 petajoules.

At AEST 12:46PM, the stock was trading at $0.345 per share, up by 2.985% from its previous close.

 

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