Inactive Instrument

Petrel Energy

Equities

WGO

AU0000042525

Strike Energy Limited announced its intent to acquire the remaining 80.1% stake in Warrego Energy Limited for AUD 330 million

December 18, 2022

Strike Energy Limited (ASX:STX) announced its intent to acquire the remaining 80.1% stake in Warrego Energy Limited (ASX:WGO) for AUD 330 million on December 19, 2022. Strike Energy Limited (ASX:STX) will issue 1 fully paid share for every 1 share of Warrego. On December 19, 2022, the shareholders of Warrego were advised to take no action.

As of January 5, 2023, the bid price of hancock transaction was increased to AUD 0.36 and was recommended by 3 of 4 directors of Warrego. As of January 17, 2023, the offer has become unconditional. The offer has commenced as of January 11, 2023, and is scheduled to close on February 13, 2023.

Allens acted as legal advisor to Warrego. DLA Piper Australia Pty Ltd acted as a legal advisor to Strike Energy. Royal Bank of Canada (TSX:RY) acted as a financial advisor to Warrego.

Pricewaterhousecoopers Actuarial Pty Limited acted as an accountant to Warrego. Boardroom Pty Limited acted as transfer agent for Warrego.

Latest news about Petrel Energy

Warrego Energy Limited(ASX:WGO) dropped from S&P/ASX Emerging Companies Index	23-02-27	CI
Hancock Prospecting Pty Ltd completed the acquisition of Warrego Energy Limited from the group of shareholders.	23-02-23	CI
Warrego Energy Limited Announces Resignation of Directors	23-02-20	CI
Strike Energy to Realize Proceeds of AU$136 Million After Closing Warrego Energy Takeover Bid	23-02-15	MT
Strike Energy Limited completed the acquisition of additional 10.5% stake in Warrego Energy Limited for AUD 44.3 million.	23-02-14	CI
Warrego Energy Limited Announces Board Appointments	23-02-09	CI
Mineral Resources Limited acquired 19.17% stake in Warrego Energy Limited.	23-01-16	CI
Strike Energy Says AU$459 Million Bid for Warrego Energy Superior to Hancock Energy	23-01-06	MT
Australia shares close higher on commodities strength	23-01-06	RE
Australian shares edge higher as miners gain; upbeat U.S. economic data caps gains	23-01-05	RE
Australian shares edge higher as traders gauge hawkish Fed stance	23-01-05	RE
Global Recession Fears Send Australian Shares to Three-Day Losing Streak	22-12-19	MT
Strike Energy Sweetens Offer for JV Partner Warrego Energy	22-12-18	MT
Strike Energy Limited announced its intent to acquire the remaining 80.1% stake in Warrego Energy Limited for AUD 330 million	22-12-18	CI
Beach Energy Pulls Plug on Warrego Energy Takeover Bid	22-12-08	MT
Beach Energy Limited cancelled the acquisition of Warrego Energy Limited.	22-12-08	CI
Expectations of Further Tightening, Lower-Than-Forecast GDP Growth Drag Australian Shares	22-12-07	MT
Strike Energy Raises Stake in Warrego Energy to 19.9%; Shares Jump 7%	22-12-06	MT
Strike Energy Limited acquired an additional 12.27% stake in Warrego Energy Limited for AUD 50.85 million.	22-12-06	CI
Beach Energy Sweetens Warrego Offer After Hancock Counterproposal; Warrego Shares Soar 10%	22-12-01	MT
Australian Shares Erase Early Gains as Profit-Taking Weighs Down Financial Counters	22-11-14	MT
Warrego Energy Jumps 17% Following Acquisition Deal With Beach Energy	22-11-13	MT
AIM WINNERS & LOSERS: Pure Gold gets court approval; Prospex falls	22-11-11	AN
Prospex Energy Says JV Partner Mulling Sale of Working Interest in Spanish Projects	22-11-11	MT
Beach Energy Limited made an offer to acquire Warrego Energy Limited for approximately AUD 240 million.	22-11-10	CI

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Company Profile

Warrego Energy Limited is an Australia-based petroleum exploration, development and production company with assets in Australia and Spain. The Company's key projects include EP469 West Erregulla Gas Fields, EPA-0127, El Romeral and Tesorillo. Its EP469 is located approximately 230 kilometers (km) north-east of Perth in the North Perth Basin and covers an area of 224 square kilometers. Its EPA-0127 covers approximately 8,700 square kilometers, which is located approximately 130 km north of Waitsia and West Erregulla fields and is in the Coolcalalaya Sub-basin. The Tesorillo Project in located in the Cadiz Province of Southern Spain, which covers approximately 94,000 acres and comprises two petroleum exploration licenses, the Tesorillo and Ruedalabola Permits, and a conventional gas discovery at the El Almarchal-1 well. El Romeral is an integrated gas production and power station operation located on 76,600 acres in the Guadalquivir basin in southern Spain, immediately east of Seville.

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