NuEnergy Gas Ltd. referred to its announcement dated May 20 in relation to the signing of the conditional Share Purchase Agreement (SPA) with Dart Energy International Limited (the Vendor) on May 20 to acquire 100 percent of the issued share capital of Dart Energy (Indonesia) Holdings Pte Ltd. (DEIH).
The company wish to inform that all the conditions precedent have been met and the balance of the purchase consideration of $500,000 has been paid to the Vendor on Nov. 20. In this regard, the Proposed Acquisition has been completed on Nov. 20.
The company wish to highlight that the exploration period for the Tanjung Enim PSC was extended for an additional period of 4 years from Aug. 4, 2015 to Aug. 3, 2019.
Tags:
Dart Energy Limited,
NuEnergy Gas
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