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Company News

Ambassador Directors Accept Takeover Offer from Drillsearch

Ambassador Oil & Gas Ltd. (ASX:AQG) announced that its directors have accepted an unconditional takeover offer from Drillsearch Energy Ltd. (ASX:DLS) in respect of the shares of Ambassador they own.

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Market News

South Africa Examining Shale Gas Exploration Regulations

AllAfrica reported that the government of South Africa is working on a set of regulations aimed at making sure shale gas exploration neither threatens the country's environment nor compromises "research projects linked to the Square Kilometre Array."

Australia Planning National Gas Network

Australian Mining reported that Ian MacFarlane, Australia's minister for industry, has announced plans to build a national gas network. It could help prevent gas shortages and price hikes in New South Wales.

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