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Whitebark Energy Ltd ( (AU:WBE) ) has shared an update.
Whitebark Energy Limited has announced the completion of dispatching a Bidder’s Statement for its off-market takeover bid of King Energy Limited. The offer involves exchanging Whitebark shares and options for King Energy’s securities, valuing King Energy at approximately $1.2 million. This move aligns with Whitebark’s strategic focus on expanding its footprint in the energy sector, potentially enhancing its market positioning and offering growth opportunities for stakeholders.
More about Whitebark Energy Ltd
Whitebark Energy Limited is an ASX-listed exploration and production company specializing in low-cost oil and gas production in Canada, with significant gas resources in Western Australia and several permit areas in Queensland. The company is transitioning its strategy towards the Australian renewable energy market, involving management restructuring and asset sales.
Average Trading Volume: 600,691
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$2.02M
Learn more about WBE stock on TipRanks’ Stock Analysis page.
