Originally Posted by
greater fool
Is this for real?? :confused:
PPP's assets include a 15 percent interest in the Tui field with NZ Oil & Gas, which has just closed a takeover offer for Melbourne based Cue Energy Resources with the intention of scaling acceptances back to 30 percent.
Source: http://www.sharechat.co.nz/article/9be5ede0/zeta-resources-makes-bid-for-pan-pacific-petroleum-valuing-target-at-a-29-4m.html
If true, and I have seen no other mention of scaling the takeover offer, then the grand merger scheme seems somewhat unlikely.