Whitebark Energy Ltd ( (AU:WBE) ) has issued an announcement.
Whitebark Energy Limited has declared its takeover offers for King Energy Limited unconditional after surpassing a 90% acceptance threshold for King shares and options. With the offers now unconditional, Whitebark plans to proceed with the compulsory acquisition of remaining King securities, urging King securityholders to accept the offers before the closing date of March 24, 2025. This strategic move is expected to strengthen Whitebark’s position in the energy sector, potentially enhancing its operational capabilities and market influence.
More about Whitebark Energy Ltd
Whitebark Energy Limited is an ASX-listed exploration and production company with a focus on low-cost oil and gas production in Canada, operated by its wholly-owned subsidiary Rex Energy. The company also holds a substantial contingent gas resource in Western Australia and has recently realigned its corporate strategy following a management overhaul and the acquisition of the Wizard Lake producing asset in Alberta, Canada.
Average Trading Volume: 600,691
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$1.54M
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