Latest Enterprise Egy Rsc (EERFF) Headlines L
Post# of 1
LNG Energy Ltd. Completes Acquisition of Enterprise Energy Resources Ltd.
Marketwire - Tue Aug 20, 7:03AM CDT
LNG Energy Ltd. ("LNG") (TSX VENTURE: LNG) and Enterprise Energy Resources Ltd. (TSX VENTURE: EER) ("Enterprise") are pleased to announce the completion of the acquisition of Enterprise by LNG (the "Acquisition"). The Acquisition increases LNG's net working interest in PPL 319 in Papua New Guinea to 16.85% and in PPLs 320, 321 and 322 to 84.25%.
IIROC Trading Halt - EER
CNW Group - Tue Aug 20, 6:57AM CDT
The following issues have been halted by IIROC:
IIROC: Halt, Enterprise Energy Resources Ltd.
Marketwire Canada - Mon Aug 19, 3:39PM CDT
The following issues have been halted by IIROC / L'OCRCVM a suspendu la negociation des titres suivants:
LNG Energy Ltd.'s Acquisition of Enterprise Energy Resources Ltd. Receives Shareholder Approval
Marketwire - Tue Aug 13, 6:14PM CDT
LNG Energy Ltd. ("LNG") (TSX VENTURE: LNG) is pleased to announce that the shareholders of Enterprise Energy Resources Ltd. (TSX VENTURE: EER) ("Enterprise") have approved the acquisition of Enterprise by LNG. The transaction is subject to final regulatory and court approvals.
Enterprise Shareholders Approve Acquisition by LNG Energy Ltd.
Marketwire - Tue Aug 13, 6:13PM CDT
Enterprise Energy Resources Ltd. (TSX VENTURE: EER) ("Enterprise" or the "Company") is pleased to announce that the acquisition of Enterprise by LNG Energy Ltd. (TSX VENTURE: LNG) ("LNG") was approved at Enterprise's annual general and special meeting of shareholders today. The acquisition of Enterprise by LNG through a court-approved plan of arrangement (the "Arrangement") under the Business Corporations Act, British Columbia, was announced on June 25, 2013. Under the terms of the Arrangement, each Enterprise Share will be exchanged for 5 common shares in the capital of LNG. The transaction is subject to final regulatory and court approvals.
LNG Energy Ltd. to Acquire All of the Shares of Enterprise in Friendly Share Exchange Transaction
Marketwire - Tue Jun 25, 11:48AM CDT
Enterprise Energy Resources Ltd. ("Enterprise" or the "Company") (TSX VENTURE: EER) is pleased to announce that it has entered into a definitive agreement (the "Agreement") with LNG Energy Ltd. (TSX VENTURE: LNG) ("LNG") whereby LNG will acquire, through a court-approved plan of arrangement (the "Arrangement") under the Business Corporations Act (British Columbia), all of the outstanding common shares of Enterprise (the "Enterprise Shares") for total consideration of approximately C$4.7 million (based on LNG's closing price on June 21, 2013) payable in shares of LNG.
LNG Energy to Acquire All of the Shares of Enterprise Energy Resources Ltd. in Friendly Share Exchange Transaction and Announces Board Appointment
Marketwire - Tue Jun 25, 8:05AM CDT
LNG Energy Ltd. ("LNG") (TSX VENTURE: LNG) is pleased to announce that it has entered into a definitive agreement (the "Agreement") with Enterprise Energy Resources Ltd. (TSX VENTURE: EER) ("Enterprise") whereby LNG will acquire, through a court-approved plan of arrangement (the "Arrangement") under the Business Corporations Act (British Columbia), all of the outstanding common shares of Enterprise (the "Enterprise Shares") for total consideration of approximately C$4.7 million (based on LNG's closing price on June 21, 2013) payable in shares of LNG.
Enterprise Energy Closes Farm-in Agreement in Papua New Guinea With Heritage Oil Plc
Marketwire - Mon Apr 22, 8:03AM CDT
Enterprise Energy Resources Ltd. (the "Company" or "Enterprise") (TSX VENTURE: EER) is pleased to announce that Telemu No. 18 Ltd. ("Telemu"), a Papua New Guinea based subsidiary of LNG Energy Ltd. ("LNG") (TSX VENTURE: LNG), has closed its farm-in agreement with wholly owned subsidiaries of Heritage Oil Plc ("Heritage"). In exchange for an 80% participating interest in the PPL 319 and PRL 13 licenses (as announced in the press release of April 2, 2013), Heritage has made a cash payment to Telemu of US$4 million plus the reimbursement of costs associated with the recently completed 22 km Tuyu seismic program. In addition to the cash payment, Heritage has also committed to funding the acquisition of a minimum of 100 km of seismic within the license areas and the drilling of one exploration well in PPL 319 to a depth sufficient to test identified exploration targets. The 22 km Tuyu program will count towards the fulfillment of these commitments. The PPL 319 license is held by Telemu and prior to closing the Company effectively owned 15.75% of Telemu through its 50% owned subsidiary, EERL Holdings (BVI) Ltd. The Company does not own any part of PRL 13.
Enterprise Announces Farm in Agreement in Papua New Guinea With Heritage Oil Plc
Marketwire - Tue Apr 02, 1:05AM CDT
Enterprise Energy Resources Ltd. (the "Company" or "Enterprise") (TSX VENTURE: EER) is pleased to announce that Telemu No. 18 Ltd. ("Telemu"), a Papua New Guinea based subsidiary of LNG Energy Ltd. ("LNG") (TSX VENTURE: LNG) has entered into a farm-in agreement with wholly owned subsidiaries of Heritage Oil Plc ("Heritage") and LNG. Upon closing of the farm-in agreement Heritage will acquire an 80% interest in the PPL 319 and PRL 13 licenses. The PPL 319 license is held by Telemu and the Company effectively owns 15.75% of Telemu through its 50% owned subsidiary, EERL Holdings (BVI) Ltd. The company does not own any part of PRL 13.
Enterprise Announces Acquisition of Interest in Oil and Gas Assets in Papua New Guinea
Marketwire - Thu Jan 24, 6:29PM CST
Enterprise Energy Resources Ltd. (the "Company" or "Enterprise") (TSX VENTURE: EER) is pleased to announce that in conjunction with an arm's length third party (the "Third Party"), the Company has acquired a 31.5% interest in Telemu No. 18 Ltd. ("Telemu"), a Papua New Guinea based subsidiary of LNG Energy Ltd. ("LNG") (TSX VENTURE: LNG) for aggregate consideration of $4,000,000 (the "Transaction").