The Panel has declined to make a declaration of unacceptable circumstances in response to an application dated 24 November 2017 from Tap Oil Limited in relation to its affairs.

The Panel has declined to make a declaration of unacceptable circumstances in relation to the affairs of Molopo Energy Limited in response to an application dated 24 November 2017 from Aurora Funds Management Limited (as responsible entity of the Aurora Fortitude Absolute Return Fund). The application concerned Aurora’s off-market takeover bid for Molopo

The Panel has made a declaration of unacceptable circumstances and accepted an undertaking in relation to an application dated 17 November 2017 by Halom Investments Pte Ltd in relation to the affairs of MMA Offshore Limited.

The Panel has received an application from Aurora Funds Management Limited as responsible entity of the Aurora Fortitude Absolute Return Fund (Aurora) in relation to the affairs of Molopo Energy Limited.

The Panel has received an application from Tap Oil Limited in relation to its affairs.

The Panel has received an application from Halom Investments Pte Ltd in relation to the affairs of MMA Offshore Limited (ASX: MRM).

The Takeovers Panel notes the announcement by the Minister for Revenue and Financial Services of the reappointment of Mr Robert McKenzie and the appointment of Ms Tara Page to the Panel, for terms finishing on 22 March 2020.

The Panel has declined to conduct proceedings on an application dated 23 October 2017 from Molopo Energy Limited in relation to its affairs.