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Johnson Winter & Slattery has advised Beach Energy on its agreement to acquire Senex Energy’s Cooper Basin portfolio of assets for $87.5 million.
Under the transaction Beach will acquire an extensive exploration and production portfolio and become the sole operator in the Western Flank of the Cooper Basin. The transaction is expected to complete early in the new year.
The Johnson Winter & Slattery team was led by Partners Peter Rose and James Marshall, alongside Partner Andrew Wilton, Special Counsel Wolfgang Hellmann, Senior Associate Tom Barrett and Associates Haerim Nam, Cloe Woodward, Charles Jordan, Grace Black, Hayley Andersen and Isabel McElhinney.
Peter Rose said the firm was delighted to have supported Beach Energy on this important acquisition.
“Beach has a long history of operating in the Cooper Basin and this acquisition will consolidate its position as one of the leading oil and natural gas exploration and production companies in the basin. The transaction will provide Beach with the opportunity to capitalise on synergies in field operations, delivering opportunities to unlock further value for shareholders.”
Allens advised Senex Energy on this transaction.
About Johnson Winter & Slattery
Johnson Winter & Slattery is an independent national Australian law firm with over 65 partners and offices across Australia. We advise major Australian and international corporations and investment funds on their most challenging transactions and disputes across Australia and surrounding regions. Working closely with clients, knowing their business, and appreciating their commercial objectives, we tailor our approach to deliver cost-effective commercial outcomes.
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