| Allegiance Mining takeover response |
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| Tuesday, 18 December 2007 | |
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Allegiance Mining responded to Zinifex’s takeover bid on Tuesday 18th by advising all shareholders to take no action at present. The Allegiance Board is assessing the offer and will advise shareholders further during the coming weeks. The future of Geothermal Energy Tasmania may ride on the outcome of that assessment. |
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Torrens Energy enters agreement with GulfX Ltd
Torrens Energy Ltd on Monday the 10th of March announced that it has entered into a cooperative exploration agreement with coal explorer GulfX Ltd. The deal will see the two companies sharing costs for things like permitting approval, and sharing geological information. The deal covers an area at the top of St Vincent’s Gulf in South Australia, where both companies are planning drilling programs. |