Last checked at 5 May 2015 11:12
5 May 2015
Mosman Oil and Gas Limited
MEO Australia Limited
Proposed Takeover Bid
The Directors of Mosman Oil and Gas Limited ("Mosman" or the "Company") (AIM: MSMN) announce that the Company has today given MEO Australia Limited ("MEO") and the Australian Securities Exchange a notice freeing the offer in respect of Mosman's takeover bid of MEO from the remaining condition which relates to Mosman Shareholder approval. The offer is now unconditional.
Please click here for link to full Variation Notice:
http://mosmanoilandgas.com/sites/mosmanoilandgas.com/files/files/815994_1_MG_Notice_that_Offer_is_free_from_Defeating_Condition.pdf
Mosman expects to dispatch a Supplementary Bidder Statement to MEO Shareholders shortly.
As at 5 May 2015 Mosman has acceptances for 17,126,192 MEO shares which represent 2.282% of the issued capital of MEO.
This RNS announcement should not be utilised by the MEO shareholders in making any decision on whether or not to accept or decline the Offer and is solely being released for AIM disclosure purposes.
Enquiries:
Mosman Oil & Gas Limited John W Barr, Executive Chairman Andy Carroll, Technical Director jwbarr@mosmanoilandgas.com acarroll@mosmanoilandgas.com
| SI Capital Limited (Joint Broker) Nick Emerson/Andy Thacker +44 (0) 1483 413500 |
ZAI Corporate Finance Limited (NOMAD) Tom Price/John Simpson +44 (0) 20 7060 2220
| SP Angel Corporate Finance LLP (Joint Broker) Stuart Gledhill / Richard Hail +44 (0) 20 3470 0470 |
Gable Communications Limited John Bick/ Justine James +44 (0) 20 7193 7463 mosman@gablecommunications.com
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Updates on the Company's activities are regularly posted on its website www.mosmanoilandgas.com
About Mosman
Mosman (AIM: MSMN) is an Australia and New Zealand focused oil exploration and development company with a strategy to build a sustainable mid-tier oil and gas business by acquisition and organic growth. Currently, Mosman has a total of ten permits or accepted permit applications in New Zealand and Australia.
Petroleum Creek Project, New Zealand
Mosman owns 100% of permit PEP 38526, the Petroleum Creek Project, which is a 143 sq. km low cost onshore exploration project located near Greymouth on the South Island in the southern extension of the proven Taranaki oil system.
Murchison Permit (New Zealand)
Granted in December 2014 Murchison has become a focus after completion of an independent prospective resource report. Exploration is planned for the second half of 2015.
Taramakau, and East Coast Permits (New Zealand)
These permits were granted in December 2014. Exploration is currently in the advanced planning stage.
Officer Basin Project, Australia (Application)
Mosman has a 25% investment in the Officer Basin Project, a 22,527 sq. km large land holding with significant exploration potential, which lies in one of the more explored parts of the Basin with road access. The project area is in the Western Australian part of the Officer Basin and offers both conventional and unconventional potential with hydrocarbon shows reported and all elements of a petroleum system are present.
Amadeus Basin Projects, Australia
Mosman owns 100% of two granted permits and one application in the Amadeus Basin in Central Australia which total of 5,458 sq. km. The Amadeus Basin is considered one of the most prospective onshore areas in the Northern Territory of Australia for both conventional and unconventional oil and gas, and hosts the producing Mereenie, Palm Valley and Surprise fields.
Otway Basin Project, Australia
Mosman owns 30% of VIC/P62 in the Otway Basin. The permit was recently renewed and is in relatively shallow water. The 70% permit holder funded a 3D seismic survey in 2013. The results of the 3D seismic survey are now being integrated into a geological model to allow identification and ranking of drilling targets. Within the Otway Basin there is commercial production both onshore and offshore.