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TALIUS GROUP LIMITED — Capital/Financing Update 2015
Aug 9, 2015
65893_rns_2015-08-09_aa2f47f8-791f-48b3-9b1c-3ae9b83f8f34.pdf
Capital/Financing Update
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10th August 2015
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ASX ANNOUNCEMENT
ANTILLES QUALIFIES TO BID IN BARBADOS
Antilles Oil and Gas NL ( Antilles or the Company ) is pleased to announce qualification of the company to bid with our partner Polarcus DMCC ( Polarcus ) for an acreage position in offshore Barbados, Caribbean. The bid round is in the extension of the Trinidad/Tobago Basin within fifty kilometres of existing production.
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Level 1, 12 Kings Park Road West Perth WA 6005 PO Box 44 West Perth WA 6872
abn: 62 111 823 762 tel: +61 8 9226 4500 fax: +61 8 9226 4300 antillesoilandgas.com.au
10th August 2015
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ASX ANNOUNCEMENT
The qualification for the bid round triggers a payment to the 2D seismic provider Multi Client Geophysical ( MCG ) of US$517,107.00 which, by prior agreement, will be paid in Antilles stock. Antilles welcomes MCG as a new shareholder and expects they will continue to assist and work with Antilles in our understanding of the prospectivity of Barbados.
About Barbados
Barbados is one of the wealthiest growing economies in the Caribbean region. Main economic activities are tourism, sugar and manufacturing. Barbados is a parliamentary democracy and a part of the Commonwealth (CIA Factbook 2015).
“Antilles looks forward to the successful bid round in this attractive area for high impact exploration which offers shareholders high impact potential in value creation. Barbados is an integral part of the Antilles strategy to develop deep water plays. Barbados is an attractive investment environment where Antilles looks to understand and develop further exploration opportunities.”
David Ormerod Managing Director
For further updates refer to the website or contact the Managing Director for Antilles, Mr David Ormerod, on (03) 9674 0413.
Level 1, 12 Kings Park Road West Perth WA 6005 PO Box 44 West Perth WA 6872
abn: 62 111 823 762 tel: +61 8 9226 4500 fax: +61 8 9226 4300 antillesoilandgas.com.au