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SOUTHERN CROSS ELECTRICAL ENGINEERING LTD — Capital/Financing Update 2011
Dec 18, 2011
65884_rns_2011-12-18_15cecef9-4c06-42e9-981c-457c10979a83.pdf
Capital/Financing Update
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SOUTHERN CROSS
ELECTRICAL
ENGINEERING LIMITED
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ASX RELEASE
19 December 2011
Notice of award of contract
Southern Cross Electrical Engineering Limited (ASX: SXE) is pleased to announce it has received a Letter of Award from Thiess for the Electrical & Instrumentation Installation Works for QCLNG Early Works Project.
The Electrical & Instrumentation package, valued at approximately $7m, will be undertaken by SXE as a sub-contractor to Thiess on the upstream elements of QGC's QCLNG project. The scope of work for this element of the project consists of Field Compression Stations and ancillary works. The Early Works Project is a milestone Coal Seam Gas contract awarded to Thiess in December 2010 and is scheduled for completion in early 2012.
The Early Works scope is covered over a number of sites the Surat Basin, Queensland.
SXE's East Coast General Manager Jorn Granger said that “This award was an important continuation of a long association with the Coal Seam Gas Industry and, in particular, with QGC. We look forward to bringing our expertise and CSG experience to the Thiess project for the QCLNG Early Works and beyond.”
SXE’s Managing Director Simon High said "The award of this work from Thiess is excellent news and a great compliment to both our operations and bid teams who have been involved with CSG work for more than ten years now. We believe this award represents just the early beginnings of what will be a very challenging but potentially rewarding growth phase of the CSG industry and one that SXE expects to be a leading E&I contractor within".
For further information please contact:
Simon High Managing Director/Chief Executive Officer Southern Cross Electrical Engineering Ltd Telephone: +61 9410 1833 Email: [email protected]
Chris Douglass Chief Financial Officer Southern Cross Electrical Engineering Ltd Telephone: +61 9410 1833 Email: [email protected]