Prior to the transaction he held 2,071,430 shares and 666,667 listed options, exercisable at 0.5 cents on or before 31, March 2020.
McNamara now holds 2,121,430 shares in the company.
The MoU covers the scope and commercial framework for the provision of midstream infrastructure and services related to gas that will be potentially produced from the field.
The parties have agreed the pre-front end engineering design (FEED) scope of works to be included in an early works agreement that will progress a preliminary design and cost study for the establishment of:
- A subsea pipeline from Emperors Judith gas field;
- A new gas processing train to operate in parallel with APAs existing Orbost gas processing plant; and
- An export pipeline to the Eastern gas pipeline located to the north of the OrbostRead More – Source