MARKETS

Ellison moves on AWE

CHRIS Ellison’s Mineral Resources has decided if it is for a penny with ownership of the small Red Gully gas field in the Perth Basin, it may as well get in for a pound, launching a takeover offer for oil and gas producer AWE to spoil a rival Chinese bid.

Haydn Black

Chris Ellison.

The Sydney-based AWE, which owns half of the giant new Waitsia discovery near Dongara in the Mid West region, has been circled by China Energy Reserve and Chemical Group, which lobbed a A73c off-market...

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