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MPE Magnum Gas and Power

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Magnum Coal Seam Gas


Magnum Gas & Power - ASX code MPE

15 November 2012 - Magnum Gas & Power Limited (Formerly Ormil Energy Ltd) (ASX: MPE) confirms the change in its ASX ticker code for the Company from OMX to "MPE".

Magnum Gas & Power Limited (MPE) is an exploration company. MPE through its subsidiary hold interests in Coal Seam Gas (CSG) in Wollongong, NSW, Australia through a joint venture with Apex Energy NL. The Company also has100% interests in Coal Bed Methane (CBM) and Petroleum licences in Botswana.

NSW: MPE also is progressing CSG in NSW via a Farm-In agreement with APEX Energy NL (APEX), which gives MPE the right to earn up to a 50% interest in the Permits held by APEX. Currently MPE holds a 20% interest in the Permits and also is a shareholder of APEX.

Sydney Basin CBM Pty Limited: MPE subsidiary Sydney Basin CBM Pty Limited owns a 20% interest in Petroleum PL 442, 444 and 454 in the Sydney Basin, prospective for Coal Seam Methane and owns a 20% interest in agreements with the owners of the Coal Mining Leases prospective for Coal Mine Methane.

Botswana: In Botswana, MPE holds exploration licences for CBM over two prospective basins, in the North and Central regions of the country. In addition, Magnum was recently awarded Petroleum exploration licence in the north of Botswana.

Merger: Through a merger of MPE’s Australian operations and the Botswana CBM assets of unlisted company, Energy Botswana Limited, Magnum has developed a much broader portfolio of exploration projects and prospects in the resources and energy sectors of Australia and Botswana. Following the merger, the company changed its name from Ormil Energy Limited to Magnum Gas & Power Ltd.
 

Magnum Gas & Power Limited
78 Churchill Av
Subiaco WA 6008
Tel: +61 08 9380 6755
Fax: +61 08 9380 4026
http://www.magnumgpl.com
Trent Wheeler Chief Executive Officer, Managing Director, Executive Director
Dawn Pickering Corporate Manager
Mark Edward Pitts Company Secretary
Thomas Fontaine Non-Executive Chairman of the Board
Brett Montgomery Non-Executive Director
Raalin Wheeler Non-Executive Director

Search the ASX website for company announcements from Magnum


MPE Magnum 5 year chart retrieved on 18 November 2013

 

 

 

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