Brisbane, July 11, 2008 AEST (ABN Newswire) - Queensland Gas Company Limited (ASX:QGC)(PINK:QGSCF) today announced that it will increase its offer for Roma Petroleum NL (Roma)(ASX:RPM).
QGC will increase its offer:
- From 10 cents cash and 0.0177 shares in QGC for each share in Roma;
- To 11 cents cash and 0.0177 shares in QGC for each share in Roma.
Roma shareholders who have already accepted QGC's offer will be entitled to the increased consideration.
QGC has also declared its offer free from defeating conditions.
Notices given in accordance with the Corporations Act 2001 (Cth) in relation to the variation of QGC's offer and declaring QGC's offer free from conditions are attached to this announcement.
QGC also confirms that Oil Drilling & Exploration Limited (OD&E) has formally accepted into QGC's offer in relation to the 48,805,000 Roma shares held by OD&E.
At the time of lodging this announcement, QGC's voting power in Roma was approximately 22.44 per cent.
Contact
Information for Media:
Mr Hedley Thomas
General Manager
Communications and External Relations
Direct: +61 7 3020 9043
Mobile: +61 417 797 419
ASX Contact:
Mr Mark Anning
Company Secretary
Direct: +61 7 3020 9012
Information for investors:
Mr Ian Davies
Chief Financial Officer
Direct: +61 7 3020 9040
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