GreenFlame to acquire Strike Energy’s 67% interest in PEL 96 via conditional Share Purchase Agreement for relevant holding company
• Consideration payable: • Nominal fee; plus • GreenFlame to assume responsibility for relevant rehabilitation liability applicable to Strike’s 67% interest, being an amount equal to A$1.56mm and replacement of Government Bond (A$200,000)
AGL - 100% owned by EWC - owns the other 33%. Suspect this means either PEL 96 is worth FA, or Strike has just had its pants torn off.
EWC Price at posting:
7.9¢ Sentiment: None Disclosure: Held
