Melbana Metgasco takeover offer extended

MELBANA Energy has extended the deadline for its hostile, all-scrip takeover of Metgasco, by a month, presumably in the hope Santos will decide to farmin for an 80% share of the former’s undrilled Beehive prospect. 

Melbana Metgasco takeover offer extended Melbana Metgasco takeover offer extended Melbana Metgasco takeover offer extended Melbana Metgasco takeover offer extended Melbana Metgasco takeover offer extended

Deadline now after Santos’ Beehive farmin date 

Melbana, chaired by Andrew Purcell who has left the Metgasco board last year, told the market earlier this week that Santos had elected to farmin for 40% of Beehive, in the Bonaparte Basin offshore