New Zealand Oil & Gas Limited (NZX: NZO) FIRB No Objection Notice Received for Amadeus Basin Trans

New Zealand Oil & Gas and Cue Energy Resources have received a No Objection Notice from the Australian Foreign Investment Review Board in relation to the transaction to acquire Amadeus Basin Assets from Central Petroleum. This satisfies a key condition precedent of the transaction.

The transaction was announced on 25 May 2021 and has an effective economic date of 1 July 2020.

Last week New Zealand Oil & Gas shareholders voted 99.99% in favour of the transaction which satisfied another key condition precedent. Conditions remaining to be satisfied include regulatory and other third party approvals.

Please see the link below for details

FIRB NO OBJECTION NOTICE RECEIVED FOR AMADEUS BASIN TRANSACTION

Source: New Zealand Oil & Gas Limited

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