Business
Update re: Trident acquisition 51.9% acceptances
Update re: Trident acquisition 51.9% acceptances.
About this update from Quantum Helium Limited
[{"type":"text","content":"\n \nRNS Number : 4403R Mosman Oil and Gas Limited 11 September 2014 \n \n\n11 September 2014\nMosman Oil and Gas Limited\n(\"Mosman\" or the \"Company\")\n \nUpdate - Takeover of Trident Energy Limited \n \nMosman Oil and Gas Limited (AIM: MSMN), the New Zealand and Australia focussed oil exploration and development company, is pleased to advise that as of 11 September, Mosman has received acceptances from Trident Energy Limited (\"Trident\") shareholders totalling 51.9% of the issued capital of Trident. \n \nThe offer remains subject to a number of conditions, including but not limited to, Mosman obtaining acceptances from Trident shareholders totalling 90% of the issued capital of Trident. Mosman anticipates providing further updates when acceptances to the offer reach 75% and 90% of the issued capital of Trident.\n \nIt should be noted that if Mosman receives acceptances from Trident shareholders totalling more than 90% of the issued capital of Trident and the offer becomes free of conditions, Mosman has the right to compulsorily acquire all the remaining shares of Trident on the terms of the offer.\n \n \nEnquiries:\n \n\n\n\n\nMosman Oil & Gas Limited\nJohn W Barr, Executive Chairman\nAndy Carroll, Technical Director\[email protected]\[email protected]\n \n\n\nSI Capital Limited\nNick Emerson/Andy Thacker\n+44 (0) 1483 413500\n\n\n\n\nGable Communications \nJohn Bick\n+44 (0) 20 7193 7463\[email protected]\n \n\n\nZAI Corporate Finance Limited\nTom Price / Richard Morrison / John Simpson\n+44 (0) 20 7060 2220\n\n\n\n\n \nUpdates on the Company's activities are regularly posted on its website www.mosmanoilandgas.com\n \n \n \nAbout Mosman\n \nMosman (AIM: MSMN) is an Australia and New Zealand focused oil exploration and development company with a strategy to build a sustainable mid-tier oil and gas business by acquisition and organic growth.\n \nCurrently, Mosman has a total of four permits in New Zealand and Australia. This number will increase to seven if the Trident bid is successful.\n \nPetroleum Creek Project, New Zealand\nThe Petroleum Creek Project is a 143.6 sq. km low cost onshore exploration project located near Greymouth on the South Island in the southern extension of the prov...