3D Energi Says ConocoPhillips Issues Notice Purporting To Exercise Buy-Out Right For Co's 20% Participating Interest In VIC/P79

By Reuters News

Sept 18 (Reuters) - 3D Energi Ltd TDO.AX:

  • CONOCOPHILLIPS ISSUED TO 3D ENERGI NOTICE PURPORTING TO EXERCISE BUY-OUT RIGHT CO'S 20% PARTICIPATING INTEREST IN VIC/P79

  • CONTINUES TO HAVE CONCERNS REGARDING VALIDITY OF DEFAULT NOTICES AND SUBSEQUENT BUY- OUT NOTICE ISSUED BY CONOCOPHILLIPS

  • ALSO INTENDS TO ENGAGE WITH ASX REGARDING TIMING OF COMPANY'S SECURITIES RETURNING TO TRADING.

  • CONTINUING TO CONSIDER RISC'S REPORT AND WHETHER THERE IS ANY MANIFEST ERROR IN DETERMINATION OF FAIR MARKET VALUE


Further company coverage: TDO.AX

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