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Southbank Capital Secures Trident Energy for Mosman Oil

Announcement posted by Southbank Capital Pty Ltd 22 Sep 2014

Southbank Capital has successfully assisted in securing Trident Energy for Mosman Oil and Gas Limited

Melbourne, Australia,22nd September 2014: Southbank Capital has successfully assisted in securing Trident Energy for Mosman Oil and Gas Limited (LON:MSMN) after the company announced that 80.06% of Trident shareholders had accepted their offer and Mosman declared their bid unconditional overnight on the AIM Board of the London Stock Exchange,.

“Mosman mandated Southbank Capital to secure Trident Energy for £1.6million (AUD$2.9million) as part of their expansion into the highly prospective assets in Australia’s Otway, Amadeus and Canning basins,” said Southbank Capital CEO, Mr. Francis Galbally.

“Southbank Capital can see a big oil and gas shortage in Australia in the future as overseas demands and pricing are creating a shortage of supply and companies such as Mosman are capitalising on this opportunity,” Francis added.

The Amadeus Basin comprises 170,000 square kilometres and is one of Australia's least explored basins; it contains two producing fields, Mereenie Oil and Gas field and the Palm Valley Gas field.

About Southbank Capital

Southbank Capital, based in Melbourne, Australia is a Boutique Corporate Advisory and Investment Firm which assists corporate clients in the strategic development of their businesses and to identify, analyse, structure, price, negotiate, market and effect transactions.