EGO 0.00% 12.0¢ empire oil & gas nl

Ann: Empire Oil Company(WA) Ltd enters voluntary administration, page-6

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  1. 11,314 Posts.
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    EGO is not in administration, it is their subsidiary Empire Oil Company(WA) Ltd.

    Need to check the accounts and public records to see who holds what, I am sure that it affects the processing facility and the production licences, I think from memory it also encompasses all of the exploration permits.

    The land that the processing facility is on is not directly impacted as that is held in a separate company however would likely be impacted because companies generally have cross guarantees for their subsidiaries.
 
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