EMR 0.52% $3.83 emerald resources nl

re: Ann: ETE: Entek Announces New Niobrara Pa... Little bit more...

  1. 1,402 Posts.
    re: Ann: ETE: Entek Announces New Niobrara Pa... Little bit more info here...taken from september QTLY
    As EOX is a publicly listed US company, ASX reporting for EMR’s holding in EOX is limited to restating public announcements issued by EOX under US SEC regulations (“SEC Regulations”) and other publicly available information.
    EMR remains an active ASX listed company with its main assets being the EOX shareholding, i.e. US shale oil holdings, as was the case before the transaction. The Company will continue to progress its existing oil and gas interests in the US and Australia and is actively seeking other substantial oil and gas opportunities.
    Alternatives to optimally extract value from the EOX holding for Emerald shareholders include:
    1. holding the EOX shares for their value growth potential;
    2. trading all or a portion of the EOX holding either for cash or in shares as part of a new transaction to re-position EMR, or;
    3. distributing EOX shares in specie to EMR shareholders
    In response to written requests from several substantial EMR shareholders requesting that EOX shares be distributed in specie to EMR shareholders, directors plan to put this proposition to an EMR shareholder vote as soon as practical, provided however, that any EOX share distribution will be subject to compliance with all applicable SEC Regulations, including, among other things, potential registration of any EOX transactions with the United States Securities and Exchange Commission.
    Very hard to get any reporting of news now in Australia Re EOX
 
watchlist Created with Sketch. Add EMR (ASX) to my watchlist
(20min delay)
Last
$3.83
Change
0.020(0.52%)
Mkt cap ! $2.514B
Open High Low Value Volume
$3.83 $3.86 $3.78 $2.874M 751.7K

Buyers (Bids)

No. Vol. Price($)
2 3309 $3.81
 

Sellers (Offers)

Price($) Vol. No.
$3.83 4242 2
View Market Depth
Last trade - 16.10pm 11/09/2024 (20 minute delay) ?
EMR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.