Deutsche Bank today announced its appointment as successor depositary bank for the sponsored Level I American Depositary Receipt (ADR) program of Australia-based Senex Energy Limited (Senex).
Senex (ASX: SXY) is an S&P/ASX 200 energy company with a diversified portfolio of oil and gas assets in Australia’s Cooper, Eromanga and Surat Basins. The company is an experienced operator in Australia’s oil and gas industry. Senex is an early mover in Australia's unconventional gas industry and holds a sizable acreage position in Australia's largest onshore energy precinct - the Cooper Basin. In addition to its South Australian interests, Senex holds valuable coal seam gas acreage in the liquefied natural gas feedstock area of Queensland’s Surat Basin. Senex employs more than 160 people, with headquarters in Brisbane and offices in Adelaide as well as the Cooper and Eromanga Basins.*
Edwin Reyes, Global Head of Depositary Receipts at Deutsche Bank, said, “We are delighted to be the successor depositary bank of choice for Senex’s ADR program. Deutsche Bank's range of customized ADR-related services will be utilized to assist Senex in enhancing its ADR program visibility and broadening its investor base."
*Source: Senex Energy Limited (September 2013)