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
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