Powered by
MOMENTUM
MEDIA
Norton Rose Australia has announced it is advising Innamincka Petroleum Ltd, which has agreed to a friendly merger (via scheme of arrangement) with Drillsearch Energy Ltd, advised by Blake…
Norton Rose Australia has announced it is advising Innamincka Petroleum Ltd, which has agreed to a friendly merger (via scheme of arrangement) with Drillsearch Energy Ltd, advised by Blake Dawson.
According to Norton Rose, the merged group will create the Cooper Basin's "leading mid-tier oil and gas company", which will provide market capitalisation expected to be in excess of $150 million; a leading position in quality oil and gas production, development and exploration permits and project across the Cooper Basin; and existing commercial relationships with a strong JV partner in AGL to assist with the development of Cooper Basin gas commercialisation plans.
"The Innamincka/Drillsearch merger reflects the growing trend and strategic rationale for consolidation of junior to mid-cap oil and gas companies with complementary asset portfolios", said Norton Rose Australia partner Shaun Clyne.
Bill Koeck was the lead partner from Blake Dawson.
Want to see more stories from trusted news sources?
Make Lawyers Weekly a preferred news source on Google.
Click here to add Lawyers Weekly as a preferred news source.
