Roma shareholders who have already accepted the Queensland Gas Company’s (QGC) offer will be entitled to the increased consideration. QGC has also declared its offer free from defeating conditions.
QGC also confirmed that Oil Drilling & Exploration (OD&E) has formally accepted its offer in relation to the 48.805 million Roma shares held by OD&E. QGC’s voting power in Roma was approximately 22.44% at the time of the increased offer.
