Brief: High Peak Royalties provides step transaction update

High Peak Royalties

01/02/2016 22:59

Feb 1 (Reuters) - High Peak Royalties Ltd  HPR.AX : 
 * Step transaction update  HPR.AX  
 * South Taranaki Energy Project "step" transaction not proceeding 
 * Says step acquisition does not meet mosman's investment criteria at current 
   oil prices 
 * Will seek to deploy its funding resources elsewhere as we continue to review 
   a number of royalty investment opportunities" 
 * Rimu, Kauri and Manutahi SPA with Origin Energy Ltd and the associated 
   participation agreement with MSMN has been terminated 
 
* Source text for Eikon  ID:nASX8YlcFy  
 
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