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Bakers assists oil and gas company on capital raise
Baker McKenzie advised Sundance Energy Australia Limited on its $331 million capital raise.
Jerome Doraisamy
Firm: Baker McKenzie (Sundance Energy Australia Limited).
Value: $331 million.
Area: Capital markets.
Key players: The transaction team was co-led by partners Steven Glanz and Antony Rumboll, who were both assisted by partner Andrew Reilly and associates Paul Anderson, Ivo Basoski and Emily Hunter.
Deal significance: Since listing on the ASX in 2005, Sundance has been focused on the identification, appraisal, development and production of “large, repeatable resource plays in the US”, according to Bakers.
The funds were raised, predominantly, to acquire Eagle Ford Shale properties from a consortium managed by Pioneer Natural Resources USA, Inc.
“We were delighted to act for Sundance Energy Australia on an equity raising that will increase its capitalisation several times over,” Mr Glanz said.
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly. A former lawyer, he has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. He is also the host of all five shows under The Lawyers Weekly Podcast Network, and has overseen the brand's audio medium growth from 4,000 downloads per month to over 60,000 downloads per month, making The Lawyers Weekly Show the most popular industry-specific podcast in Australia. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of Minds Count.
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