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Australia's FAR says $161.6 million buyout bid by Remus unlikely to proceed

By Reuters Staff
2 Min Read
(Reuters) -Australian oil and gas explorer FAR Ltd said on Wednesday it was certain that Remus Horizons would not proceed with its A$209.6 million ($161.6 million) takeover proposal, after receiving two letters from the private investment firm outlining various issues.
Remus said in the first letter that it would be unable to lodge its bidder’s statement over the coming days, as it recently had its registration as a private investment fund suspended, FAR said in a statement.
In the other letter authored by a different signatory, the private investment firm said the takeover offer was not properly authorised by it, and that the company did not have the funding to complete the takeover and its board would not approve a bidder’s statement, FAR added. ....

Rashmi Ashok , Sherry Jacob Phillips , Subhranshu Sahu , Thomson Reuters Trust Principles , Woodside Petroleum , Remus Corp , Remus Horizons , Thomson Reuters Trust , ரஷ்மி அசோக் , ஷெர்ரி ஜாகோப் பிலிப்ஸ் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , வூட்ஸைடு பெட்ரோலியம் , ரெமுஸ் கார்ப் , ரெமுஸ் எல்லைகள் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ,

Australia's FAR says $161.6 million Remus buyout bid unlikely to proceed

Australia's FAR says $161.6 million Remus buyout bid unlikely to proceed
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

Rashmi Ashok , Sherry Jacob Phillips , Thomson Reuters Trust Principles , Remus Horizons , Thomson Reuters Trust , ரஷ்மி அசோக் , ஷெர்ரி ஜாகோப் பிலிப்ஸ் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , ரெமுஸ் எல்லைகள் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ,

Australia's FAR says $161.6 million buyout bid by Remus unlikely to proceed

Australia's FAR says $161.6 million buyout bid by Remus unlikely to proceed
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

Rashmi Ashok , Sherry Jacob Phillips , Subhranshu Sahu , Thomson Reuters Trust Principles , Woodside Petroleum , Remus Corp , Remus Horizons , Thomson Reuters Trust , ரஷ்மி அசோக் , ஷெர்ரி ஜாகோப் பிலிப்ஸ் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , வூட்ஸைடு பெட்ரோலியம் , ரெமுஸ் கார்ப் , ரெமுஸ் எல்லைகள் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ,

MARKET REPORT: Nigeria Commences Local LPG Distribution

April 19, 2021
NIGERIA
The Minister of State for Petroleum Resources, H.E. Timipre Sylva announced that the Federal Government will commence the opening of micro gas distribution channels across all local councils in the federation. This was done at the launch of the Nigerian Women for Liquified Petroleum Gas (LPG). The Minister noted that LPG will be used as a clean alternative to firewood, which is largely utilized for cooking in rural parts of the country. Minister Sylva stated that the LPG project aims to empower rural women as they use a cleaner energy source for cooking, with 99 million women across households in all local councils being targeted over the next three years. The project will cut across 120 political units and 800 political wards across the 774 Local Government Areas in the federation. ....

United States , Alhaji Mele , Petroleum Resources , Nigerian Women For Liquified Petroleum Gas , Us Energy Information Administration , Nigerian National Petroleum Corporation , International Energy Agency , Organization Of The Petroleum Exporting Countries , Nigerian Extractive Industries Transparency Initiative , Federal Government , Nigerian Women , Liquified Petroleum Gas , Government Areas , Group Managing Director , Human Rights Practices , Financial Transparency Policy , Remus Horizons , Production Sharing Contract , Maersk Offshore Drilling , Maersk Viking , Texas Intermediate , Information Administration , Petroleum Exporting Countries , ஒன்றுபட்டது மாநிலங்களில் , பெட்ரோலியம் வளங்கள் , நைஜீரியன் தேசிய பெட்ரோலியம் நிறுவனம் ,

Remus Horizons Moves to Take Over FAR, Enter

Remus Horizons Moves to Take Over FAR, Enter
aogdigital.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aogdigital.com Daily Mail and Mail on Sunday newspapers.

Guinea Bissau , Remus Horizons , Production Sharing Contract , Sangomar Deep Offshore Blocks , Remus Offer , African Continent , Asset Transaction , Woodside Operated Sangomar , கினியா பிசாவு , ரெமுஸ் எல்லைகள் , ப்ரொடக்ஶந் பகிர்வு ஒப்பந்த , சொத்து பரிவர்த்தனை ,