KEYFACT Energy
Warrego Energy refers to its previous announcements in relation to the scheme proposal from Beach Energy Limited (ASX: BPT) (Beach) and in relation to the off-market takeover bid by Hancock Energy to acquire all of the fully paid ordinary shares in Warrego.
Warrego notes the announcement today by Hancock that it has increased the offer price under its takeover bid from $0.23 per Warrego share to $0.28 per Warrego share. The other terms of its offer remain unchanged.
The Warrego Board, in consultation with its advisers, will consider the improved Hancock takeover offer and will update shareholders in due course.
KeyFacts Energy: Warrego Energy Australia country profile