Brief: Tag Oil Announces Agreement With Luco Energy To Divest Australian Assets And Operations
14/10/2020 16:58
Oct 14 (Reuters) - TAG Oil Ltd TAO.V :
* TAG OIL ANNOUNCES SALE OF AUSTRALIAN ASSETS AND OPERATIONS
* TAG OIL LTD - DEAL PROVIDES CASH PAYMENT TO TAG OIL OF
A$2.5
MILLION AT CLOSING
* TAG OIL LTD - TRANSACTION WILL BE FUNDED FROM LUCO'S
AVAILABLE
FINANCIAL RESOURCES
* TAG OIL - AGREEMENT WITH LUCO ENERGY PTY, OWNED BY ILWELLA
PTY.
LTD. AND AJ LUCAS SERVICES, TO DIVEST ITS AUSTRALIAN ASSETS AND
OPERATIONS
* TAG OIL LTD - ENTERED DEFINITIVE PURCHASE AND SALE
AGREEMENT
WITH LUCO ENERGY TO DIVEST ITS AUSTRALIAN ASSETS AND OPERATIONS
Source text for Eikon: ID:nPnbg82kTa
Further company coverage: TAO.V
((Reuters.Briefs@thomsonreuters.com;))
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