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Zeta emerges with Bombora takeover plans

Two days after Magnum Gas & Power ended plans to acquire private company Bombora Natural Energy, Perth-based Zeta Petroleum has revealed its own merger plans with the target.

Zeta will acquire the entire issued capital of Bombora on a six-for-11 basis, with about 27.8 million shares to be issued at 11 cents each.

The deal is worth about $3.1 million.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 30/06/17

1 year TSR5 year TSR
207thZeta Petroleum40%-55%
711 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

25/10/16
$276k Issued
25/10/16
$0 Issued
25/10/16
$0 Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

th-Zeta Petroleum$4.1m
491 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Zeta Petroleum

737thAndy Morrison$203k
1697thTimothy Osborne$22k
1464thStephen West$22k
Ranked by total remuneration from all listed WA companies

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