Ambassador Oil and Gas Limited - Undertaking
The Panel has accepted undertakings from Mrs Fotoula Hatziladas, Miller Anderson Pty Ltd and Mr David Shaw in relation to the application dated 18 June 2014 by Magnum Hunter Corporation Limited.
Ambassador Oil and Gas Limited 02 - Panel Receives Application/Acting President Makes Interim Order
The Panel has received an application from Drillsearch Energy Limited in relation to the affairs of Ambassador Oil and Gas Limited. Ambassador Oil is subject to competing bids by Drillsearch and Magnum Hunter Resources Corporation.1
Details of the application, as submitted by the applicant, are below.
Ambassador Oil and Gas Limited - Panel Makes Interim Orders
The Acting President of the Panel has made interim orders in response to an application for interim orders dated 18 June 2014 by Magnum Hunter Resources Corporation in relation to the affairs of Ambassador Oil and Gas Limited.
Sherwin Iron Limited - Panel Receives Application
The Panel has received an application from Mr Jerry Ren and his related parties Citizen International Investment Pte Ltd and Citizen International Investment Limited in relation to the affairs of Sherwin Iron Limited.
Northern Iron Limited - Declaration of Unacceptable Circumstances and Orders
The Panel has made a declaration of unacceptable circumstances and final orders in relation to an application dated 23 May 2014 by Northern Iron Limited in relation to its affairs.
Gondwana Resources Limited - Panel Publishes Reasons
The Panel today published the reasons for its decision on an application dated 29 April 2014 from Ochre Group Holdings Limited in relation to the affairs of Gondwana Resources Limited.
Ambassador Oil and Gas Limited - Panel Receives Application
The Panel has received an application from Magnum Hunter Resources Corporation in relation to the affairs of Ambassador Oil and Gas Limited. Ambassador Oil is subject to competing bids by Drillsearch Energy Limited and Magnum.
Gondwana Resources Limited
The Panel, Sarah Dulhunty (sitting President), Andrew Low and Sophie Mitchell, made a declaration of unacceptable circumstances and accepted undertakings in lieu of orders in relation to the affairs of Gondwana Resources Limited. The application concerned a 1 for 1 non-renounceable entitlement issue and its potential effect on control. The Panel considered, among other things, that all reasonable steps to minimise the potential control effect of the entitlement issue were not taken.
Dampier Gold Limited - Panel Application Withdrawn
The Panel has consented to a request by Dampier Gold Limited to withdraw its application to the Panel dated 14 May 2014, in relation to its affairs. The application concerned bidder’s statement disclosure by Ord River Resources Limited in relation to its off-market cash and scrip bid for Dampier.
Dampier Gold Limited
The Panel, Karen Evans-Cullen, Robert Johanson (sitting President) and Francesca Lee, consented to the withdrawal of the application dated 14 May 2014 by Dampier Gold Limited in relation to its affairs. The application concerned funding and disclosure in relation to an off-market bid by Ord River Resources Limited. The bid was withdrawn with ASIC’s consent.