Gina Rinehart, the nation’s richest person, has become the controlling shareholder of Western Australian junior gas producer amid a drawn-out takeover battle.
As Hancock extends its takeover offer for Warrego, Strike boss Stuart Nicholls has suggested the company could make Hancock and Minres pay full price for gas.
Tuesday is shaping up as a key day in the fierce three-way tussle for the Perth Basin junior gas producer Warrego Energy, with no clarity on the outcome.
The battle of the billionaires for control of Warrego Energy (ASX: WGO) in Western Australia’s gas-rich North Perth Basin is heading towards a showdown but the war is likely to continue because Warrego might not be the main game.
Chris Ellison’s Wednesday night declaration that Mineral Resources does not intend to bid for Warrego Energy has left investors with more questions than answers.