Ochre Petroleum Pty Limited acquired 12.72% stake in Emerald Oil & Gas NL (ASX:EMR) from New Frontier Energy, Inc. (OTCPK:NFEI) for AUD 1.5 million on February 22, 2013. Ochre has acquired 120 million shares of Emerald Oil & Gas for AUD 0.0125 each. The purchase was settled from the recent fundraising and rights issue undertaken by Ochre Group.

Ochre Petroleum Pty Limited completed the acquisition of 12.72% stake in Emerald Oil & Gas NL (ASX:EMR) from New Frontier Energy, Inc. (OTCPK:NFEI) on February 22, 2013.