Norwest Energy has advised that the 385 km2 Rococo 3D seismic acquisition program has now been completed. The Ensign Rig 970 has mobilised to the Lockyer-2 well location and joint venture operator Energy Resources has advised that spudding of Lockyer-2 is expected to occur within the next week.
Strike Energy has closed its off-market takeover bid for Warrego finishing with ~30.4% of the total Warrego shares on issue. Strike will proceed to vend all Warrego shares owned or controlled by Strike into the unconditional Hancock Energy cash offer of $0.36 per Warrego share. As a result, Strike will receive $136 million in proceeds.
Strike Energy has bowed to the power and deep pockets of Gina Rinehart’s Hancock Energy to end the battle for control of one Perth Basin onshore gas player.
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