As announced in November 2018, Tamarind entered into a share and asset purchase agreement with TAG Oil Ltd. to acquire their Taranaki Basin assets.
TAG shareholders voted to approve the transaction on 3rd January 2019 and Tamarind has been busy working through transition planning.
Tamarind is working on transitioning a number of TAG’s employees to the company at completion of the transaction. As an established operator in the Taranaki Basin, Tamarind has a number of similarly established roles already. Unfortunately, this means there won’t be suitable roles for a number of TAG’s employees after the transition to Tamarind as operator. Tamarind’s main priority is to ensure a seamless and safe transition during the transfer period.
Deal close is expected to be on or around 31st March 2019 and remains subject to regulatory and government approvals.
The Rahotu School gardens are blossoming thanks to the hard work of the students and Teacher Aides! This year they have added flowers to the garden so they can make arrangements and gift them to the community. They've already harvested the potatoes, and the strawberries were being picked daily until they were all gone - delicious. The students made a flan with the silverbeet, adding some mint for that extra flavour. And the lettuce made a perfect salad for all! The bountiful harvest will continue into the 2019 school year with Tamarind signing on to support the Teacher Aide's salary again so that this project can develop further.
Tamarind visited back in June to assist with the orchard planting and we look forward to seeing all the progress they will make again this year!
Our Kuala Lumpur team have gotten into the holiday spirit with a fundraising initiative.
The Lost Food Project is an organization that collects and distributes excess food from grocery stores and farmers to schools, refugee organizations, orphanages and those in need. The quality, nutritious surplus food is saved from going to a landfill and is redistributed to those who need it throughout Malaysia regardless of religion, gender, age, disability or ethnic group.
Donation vouchers were for sale that provided 100 meals for people in need. The KL office staff purchased 50 gift vouchers to give as a gift of generosity to a family member or friend. Tamarind matched the 50 vouchers that staff gifted for a total of 10,000 meals raised for people in need!
Because the food is all donated by vendors, the donations cover transporting the food to charities, schools and homes in need. Since their launch in April 2016, The Lost Food Project has been able to rescue enough surplus food to provide almost 2 million meals to people in need and prevent over 1 million kilograms of carbon emissions from entering the atmosphere.
The organisation works not only to reduce hunger but to keep food from being wasted so the environmental impact is substantial.
You can donate or volunteer with this organisation through their website. It's well worth supporting, they are making a great difference to people's lives!
This is the third year that our team in New Zealand have prepared and served lunch to Marfell Community School at Christmas time. And for a couple of our New Plymouth staff, the alarm clock went off extra early so they could get the hams in the oven!
All 130 students and staff were treated to baked ham buns with coleslaw, fruit and cupcakes. The sun was out so the kids could enjoy their lunches outside in the summer weather. It's a great chance to support the community and to have a little fun! One of the classes even thanked the team with a waiata (song).
Check out the school's post on Facebook for more photos and a video.
State Gas, which is approximately 37 percent owned by Triangle Energy, posted the following news release this morning.
Read the full ASX Release below.
Big Brothers Big Sisters of Taranaki (BBBS) recently held their Annual General Meeting and were able to reflect on another successful year.
Some of the highlights include 14 new matches being made in the last six months which shows the mentoring programme is continuing to grow. They have over 100 volunteer mentors matched with over 100 children from our community. And they've seen 26 of these matches going strong for more than five years now!
We are proud to support an organisation that is making such a real and positive difference in the lives of so many people. "Although BBBS is a Trust and completely dependent on charitable donations and funding, we remain in a healthy position due to the partnership we have with Tamarind," says Paul Shearer, Chairperson BBBS Trust.
Check out their website to learn about how you can become a mentor.