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Oil & Gas Exploration and Production

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Byron Energy enters into binding funding agreement with Metgasco Ltd

Friday, 22 Jul 2016 02:45am EDT

Byron Energy Ltd : Amended funding agreement with Metgasco signed . Says entered into a binding funding agreement with Metgasco Limited . As part of the agreement Byron will issue 10 million unlisted options to Metgasco with an exercise price of 25c with a three year term . Byron and Metgasco documented terms of a convertible note for $A8 million, providing Byron with funding for SM 71 project development .

Byron Energy enters into binding funding agreement with Metgasco Ltd

Friday, 22 Jul 2016 02:45am EDT

Byron Energy Ltd : Amended funding agreement with Metgasco signed . Says entered into a binding funding agreement with Metgasco Limited . As part of the agreement Byron will issue 10 million unlisted options to Metgasco with an exercise price of 25c with a three year term . Byron and Metgasco documented terms of a convertible note for $A8 million, providing Byron with funding for SM 71 project development .

Oil Search says won't submit revised offer for Interoil

Wednesday, 20 Jul 2016 08:07pm EDT

Oil Search Ltd : Oil Search not to submit revised offer for Interoil . It does not intend to submit a revised offer for Interoil under the arrangement agreement between Oil Search and Interoil dated 20 may 2016 . Bid by ExxonMobil clearly underscores the merits of our offer for Interoil . Says do not believe it is in the best interests of our shareholders for Oil Search to submit a revised offer to acquire Interoil. . Total SA and Oil Search have already signalled their desire to cooperate with the png lng project . Successful takeover of Interoil by ExxonMobil will deliver a major part of our original objectives in the acquisition of Interoil" . Oil Search and Total agreed that they will terminate their mou if Interoil terminates the arrangement agreement with Oil Search .

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