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Australia: Key Petroleum provides update on sale of onshore Perth Basin assets energy-pedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from energy-pedia.com Daily Mail and Mail on Sunday newspapers.
Press Release – Bathurst Resources The following statement may be attributed to Richard Tacon, CEO, Bathurst Resources. Bathurst Resources Ltd is delighted to advise that today the Supreme Court in New Zealand upheld Bathursts appeal against the case brought against Bathurst by L&M … The following statement may be attributed to Richard Tacon, CEO, Bathurst Resources. Bathurst Resources Ltd is delighted to advise that today the Supreme Court in New Zealand upheld Bathurst’s appeal against the case brought against Bathurst by L&M Coal Holdings Ltd (LMCH). Today’s decision effectively sets aside the judgments ruled by the High Court and Court of Appeal. ....
Wednesday, 14 July 2021, 2:55 pm The following statement may be attributed to Richard Tacon, CEO, Bathurst Resources. Bathurst Resources Ltd is delighted to advise that today the Supreme Court in New Zealand upheld Bathurst’s appeal against the case brought against Bathurst by L&M Coal Holdings Ltd (LMCH). Today’s decision effectively sets aside the judgments ruled by the High Court and Court of Appeal. The Supreme Court did find that a USD$40m performance payment had been triggered. However, the court also ruled that Bathurst can rely on the Royalty Deed, which forms part of the original agreement between Bathurst and ....
Australia: Key Petroleum sells 50 percent interest in L7 and 86.94 percent interest in EP 437, onshore Perth Basin, to Triangle Energy 28 Jan 2021 Triangle Energy to sell to Triangle Key Petroleum s 50% participating interest in Production Licence L7(R1) and Key Petroleum and Key Midwest’s combined 86.94% interest in Exploration Permit EP 437. A wholly owned subsidiary of Triangle will hold the relevant interests acquired under the Agreement. Summary of the key terms of the Agreement and Royalty Deed Completion of the Agreement is conditional on usual regulatory approvals, execution of a deed of covenant in respect of the EP 437 JOA, Triangle receiving binding commitments for a capital raising of at least $1,000,000 and, if required, Key obtaining the approval of its shareholders under Chapter 11 of the ASX Listing Rules for the Key subsidiaries to sell its interests in these assets. Under the terms of the Agreement: ....