A special meeting of New Zealand Oil & Gas shareholders will be held on Thursday, 24 June 2021 to vote on the following:
New Zealand Oil & Gas proposes to acquire participating interests in three producing assets in the Amadeus basin of Australia’s Northern Territory: Mereenie, Palm Valley and Dingo. The transaction includes payment for a share of production and payment to carry the operator through development up to a capped amount.
Cue Energy Resources, the ASX-listed subsidiary of New Zealand Oil & Gas, proposes to acquire the assets alongside New Zealand Oil & Gas, taking 30% of the interests on offer. New Zealand Oil & Gas would take the other 70%. New Zealand Oil & Gas has a 50.04% interest in Cue.
Attachments:
Notice of Meeting and Scheme Booklet
Voting Card
For further information please contact the Company on:
email [email protected]
phone +64 4 495 2424
The S&P/NZX 50 Index closed at 12,530.99, up 105.4 points or 0.85%.
The CMA said it has received written assurances from the parties.
The Warehouse had confirmed a buyout proposal had been lodged.
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