WGO
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Company News
Strike Energy might be the next target in WA’s billionaire gas game
The battle of the billionaires for control of Warrego Energy (ASX: WGO) in Western Australia’s gas-rich North Perth Basin is heading towards a showdown but the war is likely to continue because Warrego might not be the main game. A second and bigger battle could follow with Strike Energy (ASX: STX), one of the current […]
Australian billionaires are investing in energy
Invest like the rich is advice, which nearly always works, because most rich people have a knack for growing their fortunes – something small investors can learn from the latest financial adventures of three mining billionaires. Amassing a collective fortune of more than $65 billion, Gina Rinehart, Andrew Forrest and Chris Ellison have generated the […]
Australia’s major banks settle class actions, Core Lithium’s shares surge and AGL board defeated
Three of Australia’s major banks have announced the settlement of separate class action lawsuits totalling $126 million with compensation and class action law firm Slater and Gordon. Slater and Gordon first took the banks to court two years ago over the sale of credit insurance products. The law firm filed the suits against the Commonwealth […]
Beach Energy nabs Warrego Energy in $250 million takeover
Beach Energy (ASX: BPT) has come out the winner in a takeover battle with fellow gas player Strike Energy (ASX: STX) by luring Warrego Energy (ASX: WGO) with a $246 million offer. Beach, the bigger of the two bidders, today announced it has inked a scheme implementation deed to acquire all of Warrego’s issued shares […]
West coast gas sector heats up as companies rush North Perth Basin
Politically incorrect as it might be to invest in oil and gas there is a yawning value gap opening between share prices and a record international price for natural gas, with a bonus in the form of a takeover rush for producers and explorers. The top end of the Australian oil patch has attracted most […]
Value gap opens as oil price recovers but stocks stay down
“Oil, oil and more oil,” sounds like an investment tip from 100 years ago and not last week, but that’s what Jeff Currie is advising and he’s the commodity guru at the world’s leading investment bank, Goldman Sachs. Currie’s love of oil is hardly surprising, even if it is politically incorrect at a time of […]
Warrego Energy signs long-term gas supply deal with Alcoa
Emerging gas producer Warrego Energy (ASX: WGO) has signed a long-term sales agreement with Alcoa of Australia who will be the foundation customer for the company’s West Erregulla field in the onshore Perth Basin. The deal covers 155 petajoules of gas, with supply to begin on 1 January 2024. The length of the agreement has […]
Warrego Energy acquires stake in Spanish integrated gas project
Petroleum development company Warrego Energy (ASX: WGO) is set to acquire a minimum 50.1% indirect interest in the El Romeral integrated gas production and power station operation located in the Guadalquivir basin in southern Spain. The acquisition from Petroleum Oil and Gas España SA will be completed by the Tarba Energia SL joint venture, shared […]
Key Petroleum shores up gas targets near Strike and Warrego Energy’s ‘staggering’ discovery
Key Petroleum (ASX: KEY) has revealed Strike Energy (ASX: STX) and Warrego Energy’s (ASX: WGO) West Erregulla-2 discovery is close to its own permits in the Perth Basin. According to Key, the companies’ reported a “staggering” discovery within the Kingia Sandstone of the West Erregulla-2 well. The discovery is also in addition to gas pay […]
Strike and Warrego Energy upgrade Wagina gas discovery
Strike Energy (ASX: STX) and Warrego Energy (ASX: WGO) have upgraded a recent gas discovery made in the Wagina sandstone as drilling continues towards the deeper primary target of the West Erregulla-2 well onshore Western Australia. At the start of August, the joint venture partners announced the discovery of conventional gas in the Wagina sandstone, […]