Friday 2nd July 2021
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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
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