Ambassador Oil & Gas Ltd. Company News

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Drillsearch Completes Acquisition of Ambassador Oil & Gas
Tuesday, October 28, 2014Drillsearch completes compulsory acquisition of the outstanding shares in Ambassador Oil & Gas.

Drillsearch Gains Control of 89.1% Shares in Ambassador Oil & Gas
Monday, September 15, 2014Drillsearch gains control of 89.1 percent of Ambassador Oil & Gas shares and moves closer to compulsory acquisition of the latter's remaining shares.

Drillsearch Energy Ups Stake in Ambassador Oil & Gas to 84.2%
Friday, August 29, 2014Drillsearch Energy raises stake in Ambassador Oil & Gas to 84.2 percent, with two of its nominees appointed directors of the latter.

Drillsearch Raises Stake in Takeover Target Ambassador Oil & Gas to 60.13%
Wednesday, August 27, 2014Drillsearch Energy raised its interest in Ambassador Oil & Gas to 60.13 percent.

Ambassador Gives Update on Takeover Offer by Magnum Hunter, Drillsearch
Thursday, August 14, 2014Ambassador Oil & Gas provides an update on the takeover offer by Magnum Hunter Resources and Drillsearch Energy.

Ambassador Withdraws Recommendation to Accept Drillsearch Acquisition Offer
Thursday, June 19, 2014Ambassador Oil and Gas withdraws recommendation to shareholders to accept a revised offer by Drillsearch to acquire the firm after Magnum Hunter countered with an improved bid.

Magnum Hunter Answers Back With Improved Ambassador Bid
Tuesday, June 17, 2014In an attempt to trump a new takeover offer from Drillsearch Energy, US-based Magnum Hunter has lifted its bid for Australian explorer Ambassador Oil and Gas.

Drillsearch Raises Offer to Acquire Shares in Ambassador Oil and Gas
Monday, June 16, 2014Drillsearch Energy raises offer to purchase all shares in Ambassador Oil and Gas that it does not already own.

Drillsearch Acquires Over 28M Shares in Ambassador Oil & Gas
Thursday, June 12, 2014Drillsearch Energy completes acquisition of more than 28 million shares in Ambassador Oil and Gas, representing 19.9 percent of the total issued share capital of the firm.

Ambassador Receives Second Takeover Bid
Tuesday, June 10, 2014After receiving a takeover offer from Drillsearch Energy in May, Australia's Ambassador Oil and Gas has now become a target for Magnum Hunter Resources.

Drillsearch Energy to Takover Ambassador Oil and Gas
Wednesday, May 28, 2014Drillsearch Energy makes a conditional off-market takeover offer for Ambassador Oil and Gas.

New Standard Energy's Shareholders Approve PEL 570 Farm-in Deal
Tuesday, January 21, 2014Ambassador Oil and Gas announces that New Standard Energy's shareholders have approved the farm-in of a 52.5 percent stake in the firm's PEL 570 exploration permit in Cooper Basin, South Australia.

Ambassador Farms Out 52.5% Interest in PEL 570 to New Standard Energy
Wednesday, December 11, 2013Ambassador Oil and Gas farms out 52.5 percent interest in petroleum exploration permit 570 in the Cooper Basin in South Australia to New Standard Energy.

Ambassador Inks Farm-Out Deal with Outback for PEL 570
Monday, August 05, 2013Ambassador Oil and Gas inks deal with Outback Energy Hunter to farm-out a 70 percent share in PEL 570 permit in Australia's Cooper Basin.