US-based Magellan Petroleum Corporation is moving to compulsorily acquire the shares in Magellan Petroleum Australia Limited that it does not already hold.
Magellan Petroleum Corporation has received acceptances for more than 90% of the ordinary shares in MPAL under its offer, which closed on Friday, May 12.
It has now sent letters to remaining MPAL shareholders notifying them that it intends to effect compulsory acquisition of their outstanding ordinary shares.
The acquisition will occur on the same terms as those offered under the recent offer, which offered 7.5 Magellan Petroleum Corporation shares for every 10 MPAL shares.
ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive
ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.
ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.
This industry-wide report aims to understand current cost levels across the energy industry
Copyright © 2000-2024 Aspermont Ltd. All rights reserved. Aspermont Limited (ABN 66 000 375 048), PO Box 78, Leederville, Western Australia 6902
