Latest News

Option Exercise

07-May-2009

Eromanga Hydrocarbon NL Options (ERHO)

In July 2007 Eromanga issued ERHO securities.

These are a “piggy back” option which means that each ERHO is an:

• option to buy a share for 10 cents before the expiry date of 24 July 2009; with an
• attached option to buy a share for 20 cents with an expiry date of 31 July 2012

If the 10 cent option is not taken up, then the 20 cent option expires.

To convert an option before the expiry date, the holder has two alternatives:  

1. Exercise the 10 cent and 20 cent options together. This can be done by sending your holding details plus a cheque for 30 cents times the number of ERHOs that you would like to exercise. Eromanga will then issue to the option holder ERH ordinary shares equal to two times the number of piggy back options you have exercised.  Please use the forms below and complete both the 10c and 20c form for the number of options that you would like to exercise. 
2. Exercise the 10 cent option first. This can be done by sending your holding details plus a cheque for 10 cents times the number of options that you would like to exercise.   Eromanga will then issue to the option holder ERH ordinary shares equal to the number of options you exercise Plus a 20 cent option which expires on 31 July 2012. This 20 cent option will not be listed on the ASX and so can’t be traded at this time.

Please download the Eromanga Option Exercise 10c form here.

Please download the Eromanga Option Exercise 20c form here.

Please send exercise details to: