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But it is a category error to place Mr Trump in the same bracket. Never before has the occupant of the White House been so potentially lethal to the international norms and the complex matrix of global agreements that have been so vital to Britains security and prosperity. And just at the very moment that Britain is tearing up its alliance with its closest neighbours. This is not the only time that Britains relations with the EU have been turbulent, but it is the first that we are actually going to file for divorce. At the same time, and making Britains dilemmas even more acute, the two key global actors that we have depended on for so long are now in a state of escalating hostility towards each other. Pimping out the Queen for Donald Trump. This, apparently, is what they meant by getting our sovereignty back When the EUs leaders met in Malta on Friday, much of their summit became devoted to how they ought to respond to the Trump ascendancy. Mrs May joined them in the wake of her hand-holding at the White House. Straining for any leverage she can locate to help her forthcoming negotiations with the EU, and hoping to impress her fellow leaders that she can still be useful to them, the prime minister promised that a post-Brexit Britain would continue to be a valuable partner.
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Senex said it had raised A$55 million ($41.67 million) in a share sale to funds managed by EIG and other institutional investors at 31.5 cents a share, and was seeking to raise a further A$40 million from shareholders. Funds raised will help the company advance its Western Surat gas project in Queensland, boost oil and gas output in the Cooper Basin and look for opportunities to deliver gas into the east coast market, Senex said. EIG has also committed to provide up to $300 million for Senex's Western Surat gas project in Queensland on terms yet to be agreed. "The Western Surat Gas Project is in prime position to supply gas into the structurally short east coast gas market," EIG Chief Executive Blair Thomas said in a statement, adding that now was the "opportune time" to develop Senex's assets. EIG has made a number of investments in Australian coal seam gas over the past two decades, including backing Tipperary Corp, which was taken over by Santos in 2005. It also backed Arrow Energy, whose Australian assets were bought by Royal Dutch Shell and PetroChina for A$3.4 billion in 2010. EIG already owns about 2.7 percent of Senex and agreed to buy about A$46 million in new shares, which would give it a 12 percent stake in Senex following the capital raising. Senex shares rose as much as 8.9 percent to 30.5 cents following the announcement. The deal should help Senex gain revenue from the Western Surat gas project in calendar 2017, earlier than expected, said an analyst who declined to be named. Funding for new projects is key for Senex, whose output has fallen since 2015 as its fields in the Cooper Basin are in decline.