Indus Energy inks agreement to acquire New Era Oil & Gas

JUNIOR Australian explorer Indus Energy will acquire South Australian independent New Era Oil and Gas, under a new share sales agreement signed today.

Indus Energy inks agreement to acquire New Era Oil & Gas Indus Energy inks agreement to acquire New Era Oil & Gas Indus Energy inks agreement to acquire New Era Oil & Gas Indus Energy inks agreement to acquire New Era Oil & Gas Indus Energy inks agreement to acquire New Era Oil & Gas
 
Under the reverse takeover, Indus will issue 100 million shares to New Era shareholders in consideration for the acquisition of New Era, and a further 135 million options to New Era majority