Successful completion of the Otway Energy transaction (Scandinavian Oil-Gas Magazine)

Successful completion of the Otway Energy transaction

Published May 28, 2014

Rawson Resources Limited announced the results of the Extraordinary General Meeting (EGM), where shareholders voted in favour of the proposed purchase of Otway Energy Pty Ltd (Otway).

Following the EGM, Rawson and Hardie Energy Pty Ltd have confirmed all conditions were satisfied and formally completed the sale and purchase of the remaining interest in Otway on Friday 23rd May, 2014.

Rawson is now the operator of PEL 154 and PEL 155, with a 100% interest in both licences. A farm-out process to find a strategic partner and fund the drilling phase is underway and we look forward to advising of progress in due course.

Tags: Rawson Resources Limited

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