oil slump causes mergers in australia
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Oil slump causes mergers in Australia

Arab Today, arab today

Arab Today, arab today Oil slump causes mergers in Australia

Australian energy companies
Sydney - XINHUA

The slump in crude oil prices has caused a number of Australian energy companies to pursue mergers.
Coal seam gas explorer Metgasco on Monday announced a plan for a merger with Elk Petroleum, which would result in a 25 million Australian dollar (20.3 million U.S. dollars) company, which would include Metgasco's coal seam gas and conventional gas assets in Australia and Elk's oil venture in the Rocky Mountain region of the United States.
Meanwhile, oil and gas company Neon Energy revised a proportional takeover bid by Evoworld.
Under the terms of the revised offer, Evoworld will bid 3.8 Australian cents (3.1 U.S. cents) a share for half of interests held by Neon shareholders.
Neon shares closed at 3.4 U.S. cents (2.7 U.S. cents) on Friday, down from 41 Australian cents (33.5 U.S. cents) a year ago after an exploration well in Vietnam failed.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

oil slump causes mergers in australia oil slump causes mergers in australia

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

oil slump causes mergers in australia oil slump causes mergers in australia

 



GMT 20:53 2018 Monday ,22 October

PM Imran Khan to leave for Saudi Arabia today

GMT 08:20 2018 Tuesday ,16 January

Lamborghini races to new sales record

GMT 00:19 2017 Wednesday ,13 December

Switzerland chainsaw attack: 5 hurt in Schaffhausen

GMT 09:51 2017 Tuesday ,07 November

Broadcom makes $130 bn mega-bid

GMT 20:53 2017 Tuesday ,07 March

Syrian forces retake Aleppo water-pumping station
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday