3rd Aug 2015 09:14
LONDON (Alliance News) - Mosman Oil & Gas Ltd Monday said it plans to acquire 40% of a potential acquisition it announced in July for around GBP1.7 million.
The New Zealand and Australia focussed oil exploration and development company had said in July it had been designated preferred bidder status on a potential acquisition with a period of exclusivity. At that time it said the total consideration for 100% of the acquisition was GBP4.2 million.
Shares in Mosman were down 1.7% at 2.95 pence Monday.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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