NSE new standard energy limited

trading halt, page-36

  1. 68 Posts.
    Apparently AQO is out,

    Their halt states:

    2. Ambassador will, during the trading halt time frame, seek to finalise the announcement in relation to the PEL 570 Farm-In Agreement.

    and a previous announcement, shows:


    PEL 570 – Farm-in Discussions
    Since the announcement to the market on 31 October 2013 the Company has continued discussions with Outback Energy Hunter Pty Ltd (“OEH”) in relation to the potential farm in of PEL 570.
    OEH has advised the Company that they are seeking to complete a transaction that will allow them to meet the key conditions precedent contained in the original farm in Heads of Agreement, being the subscription of up to 36 million AQO fully paid shares at $0.25 ($9 million) and, demonstrate the financial capacity to perform the farm-in obligations. Discussions are ongoing.

 
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