Senex Energy has agreed to sell its Cooper Basin assets in South Australia to Beach Energy for $87.5 million.
The deal will see Senex exit the Cooper Basin after more than 20 years and supports plans to accelerate the development of its Surat Basin natural gas assets.
By focusing on its Surat Basin assets, the company will also increase the supply of natural gas to the east coast to support manufacturing and jobs.
Northbridge Industrial Services plc (LON:NBI) hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, New Zealand, Brazil and Korea, Northbridge has a global customer base.