EKA 0.00% 45.0¢ eureka energy limited

"Eureka Energy Limited (?Eureka?, ?Company?) advises that, in...

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  1. 18,514 Posts.
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    "Eureka Energy Limited (?Eureka?, ?Company?) advises that, in response to Eureka?s tracing notice enquiries, the Company has been verbally advised by ASX-Listed AWE Limited (?AWE?) that AWE?s wholly-owned subsidiary Arc Energy Limited currently holds approximately 4.9% of Eureka?s ordinary shares. AWE further advised it has no intention to increase this shareholding."

    5% is hardly a blocking holding but maybe enough to worry others. After ADI I don't trust AWE, however if they are interested it will be at a much higher price than todays price. Their tactics probably would be to let EKA prospect their new leases before they decide to go further.

 
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Currently unlisted public company.

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