EOR - Enhanced Oil & Gas Recovery - Aussie Stock Forums

Results 1 to 2 of 2
  1. #1
    Make the drill work for YOU springhill's Avatar
    Join Date
    Jun 2007
    Mental Institution

    Post EOR - Enhanced Oil & Gas Recovery

    Looks like arts and entertainment ain't turning a quid these days, so AEM are moving into oil territory.

    Wailawi Oil & Gas Project Update

    Trading halt

    Artist & Entertainment Group Limited (AEM) wishes to advise that its securities were placed in a trading halt on Monday, 9 July 2012 due to a spike in trading. AEM has investigated this matter and is not aware of any reason for the spike in trading.

    Wailawi Oil & Gas Project

    AEM has previously announced that it was seeking to take up an interest in the Wailawi Oil and Gas Project in Indonesia (Wailawi Project), by way of an assignment of rights from Union Pacific Trading Pty Ltd (UPT) and UPT's Indonesian subsidiary. AEM is pleased to confirm that it has been advised that the drafting of the agreement between UPT's Indonesian subsidiary, Perusda Benuo Taka (Perusda) and BPMigas is in progress and nearing completion. This agreement will entitle UPT's subsidiary to receive a share of the net project earnings generated from the Wailawi Project on the condition that it meets its obligations under a Production Sharing Contract with Perusda and BPMigas, including undertaking further exploration activity in the Wailawi Project area.
    As previously advised, Perusda is an Indonesian company owned by the East Kalimantan Panajam Paser Utara Regency Government in Indonesia. BPMigas is the Indonesian Executive Agency for Upstream Oil and Gas Activity.
    AEM will continue to keep the market informed of the progress of its acquisition of the interest in the Wailawi Project.

    Pretty cash poor with only $196k in the kitty.
    "You have enemies? Good. That means that you've stood up for something, sometime in your life" - Winston Churchill

  2. #2

    Default Re: EOR - Enhanced Oil & Gas Recovery

    On December 11th, 2014, Artist & Entertainment Group Limited (AEM) changed its name and ASX code to Enhanced Oil & Gas Recovery Limited (EOR).

Similar Threads

  1. PCL - Pancontinental Oil & Gas
    By rub92me in forum Stocks I-P
    Replies: 346
    Last Post: 12th-October-2016, 04:12 PM
  2. EGO - Empire Oil & Gas
    By krisbarry in forum Stocks 0-H
    Replies: 671
    Last Post: 22nd-February-2016, 12:56 PM
  3. SSN - Samson Oil & Gas
    By yogi-in-oz in forum Stocks Q-Z
    Replies: 488
    Last Post: 26th-September-2014, 03:10 AM
  4. Oil/gas/energy companies with projects in Colombia?
    By sethro in forum ASX Stock Chat
    Replies: 0
    Last Post: 9th-November-2010, 12:07 PM
  5. GOG - Great Artesian Oil & Gas
    By Odduna in forum Stocks 0-H
    Replies: 19
    Last Post: 4th-February-2008, 08:18 PM

Tags for this Thread


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
Aussie Stock Forums