Oct 18 (Reuters) - Indus Energy NL IND.AX :
* ENTERED NON-BINDING TERM SHEET TO ACQUIRE 100% OF ISSUED CAPITAL OF NEW ERA OIL AND GAS
* TERM SHEET IS INTENDED TO BE CONVERTED INTO A FORMAL BINDING AGREEMENT
Oct 18 (Reuters) - Indus Energy NL IND.AX :
* ENTERED NON-BINDING TERM SHEET TO ACQUIRE 100% OF ISSUED CAPITAL OF NEW ERA OIL AND GAS
* TERM SHEET IS INTENDED TO BE CONVERTED INTO A FORMAL BINDING AGREEMENT