Announce that the Company has resolved to declare that the offers for all of the shares and options in K2 Energy Ltd (ASX:KTO) are now free from all conditions.
Perth-based oil and gas exploration company Tomahawk Energy Ltd has revised its options offer in its takeover bid for Sydney-based oil and gas explorer K2 Energy Ltd, following a period of due diligence.
Junior oil and gas companies Tomahawk Energy Ltd and K2 Energy Ltd have agreed to a $20 million scrip merger, to hasten expansion of their United States interests.
23 Feb 2007
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