ETE

Entek Energy chases Alaskan oil riches after proceeding with Elixir acquisition

Entek Energy (ASX: ETE) will secure a foothold in Alaska’s oil-rich North Slope after moving to acquire Emerald House, a subsidiary of Elixir Petroleum (ASX: EXR). In a statement to shareholders, Entek said it had exercised its option to acquire Emerald, with the transaction set to be completed next month. Entek will issue Elixir up to 200 million convertible preference shares valued at $0.015. The transaction stems from […]