EGO empire oil & gas nl

Change to Deed of Company Arrangement, page-9

  1. 4,299 Posts.
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    That Huntleys does not work.

    The Company completed its acquisition of the key Perth Basin assets of
    Empire Oil and Gas (WA) Pty Ltd on 8 December 2017 under the terms
    of a DOCA agreed with creditors. The administration / receivership of
    Empire Oil and Gas NL and other subsidiary companies in the Empire
    group remains on foot and are expected to conclude in the next few
    months.
    During the quarter, efforts to recommence gas production from
    Empire’s Red Gully well were unsuccessful and the Company is
    considering its options for this operation. Exploration assets acquired
    from Empire are highly prospective for gas and the Company is
    considering an exploration programme in respect of these Perth Basin
    tenements.

    Morgen nothing will happen with ASIC as not any SH has submitted any fact only suspicions and that is not their job to investigate every company to see if they have done any wrong.
    I know from personal experience they act immediately if given facts about wrong doing to prevent it going further.
    Making mistakes is not a crime as we all made one and it may be found they make a few.
    The administrators did not find any wrongdoing so what chance as any SH making a submission to ASIC.
    The liquidator goes a bit deeper but I would bet my bottom dollar they would not find anything.
 
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Currently unlisted public company.

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