Orion Petroleum
Orion Petroleum (ASX: OIP) is an oil and gas explorer with its focus in northern New South Wales. The company's aim is to develop through organic growth by discovering and developing petroleum resources in its licences and by the acquisition of appropriate interests in exploration and/or development opportunities in Australia and overseas.
Orion Petroleum and Gas2Grid call off merger
Thursday, March 11, 2010
Orion Petroleum (ASX: OIP) (Orion) and Gas2Grid (ASX: GGX) (Gas2Grid) have advised that the merger of the two companies will not proceed.
This follows Orion being advised that its independent expert would be revising its opinion on the merger from that already sent to Orion shareholders.
No break fees were payable by either Orion or Gas2Grid on termination.
No investment advice
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