Aurora takes issue with transfer of Molopo’s Orient project

May 9, 2018

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Suitor Aurora Funds Management has raised concerns with the Australian Securities and Investment Commission and the Australian Securities Exchange over recent actions from takeover target Molopo Energy.

Molopo this week informed shareholders that the company had taken full ownership of the Orient oil and gas project, in the US, after redeeming its joint venture partner’s shares in Orient, and committing to funding the project in full to the tune of some $21-million.

Category: General