Aurora Oil & Gas Limited made an on market offer to acquire all of the ordinary shares in Eureka Energy Limited that it did not already own at the time of the Offer.

As at 2 July 2012, Aurora's relevant interest in Eureka is 91.75%. Aurora will now proceed to acquire the remaining Eureka shares under the compulsory acquisition provisions of the Corporations Act 2001 (Cth).

The compulsory acquisition will be on the same terms as the Offer, that is, cash consideration of $0.45 per Eureka share. The compulsory acquisition process, which is subject to the Corporations Act, is likely to take approximately 4 to 6 weeks but may take longer in some circumstances.

Tags: Aurora Oil & Gas Corporation