Antares Energy : Has Received a USD300 Million Letter of Intent for Sale of All Permian Assets

A.C.N. 009 230 835

Ground Floor PO Box 690

63 Hay Street West Perth WA 6872

Subiaco WA 6008 www.antaresenergy.com

The Directors of Antares Energy Limited (ASX:AZZ) advise they have received a Confidential, Non Binding, Letter of Intent in the amount of 300,000,000 USD for the purchase of all Permian Assets.
This offer is expressly made subject to the negotiation and execution of a mutually satisfactory Purchase and Sale Agreement by Seller and Buyer within sixty (60) business days from the date of the Seller's acceptance of this offer.
The Letter of Intent states the Effective Date of the transaction shall be September 1, 2014, at
7.00AM local time EST, with closing to occur as soon as possible but in no event later than
October 1, 2014.
James Cruickshank is immediately returning to the United States to spend several days in meetings with the interested party to fully explore all Shareholder wealth creating opportunities that may be developed from this unsolicited approach.
For further information please contact: James Cruickshank Chairman & CEO
+ (61) (0) 488 222 122 or + (1) 214 762 2202

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