The Australian company revealed Thursday the US$4.3 million deal, which was first announced in June, was yet to receive regulatory approval.
“As regulatory approval has not yet been secured, Cooper Energy considers it unlikely that completion will occur by 29 July 2016 as anticipated in its announcement of 7 June,” Cooper said in a statement.
“Cooper Energy expects the required regulatory approval will be forthcoming in due course and will work to support that outcome so the transaction may be completed at the earliest practicable date.”
Cooper
