MARKETS

Strike bowled over as Hancock emerges takeover kingpin 

STRIKE Energy has folded, accepting Hancock Energy's competing cash offer for its 26% holding of Warrego Energy and jettisoning its own attempted all paper takeover of its West Erregulla gas field partner.  

Strike's Stuart Nicholls at well West Erregulla-3 in 2020

Strike's Stuart Nicholls at well West Erregulla-3 in 2020

The two have been competing for control of Warrego and its 50% share of the onshore Perth Basin field since November.   The subsidiary of Hancock Prospecting wants to lock in cheap gas for its mining...

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