Please send email to:
[email protected]Subject line: NWE Shareholders Reject the MinRes' Revised Offer
Email contents:
Dear Norwest Energy Board of Directors.
We, the shareholders of NWE, do not accept and fully reject the revised offer from Mineral Resources as being opportunistic and not in the best interests of all shareholders and further we reiterate their advice to Norwest shareholders to TAKE NO ACTION in relation to the Offer dated 23rd of January 2023.
We shareholders that reject know full well that we have more than 10% of SOI and therefore can effectively block any attempt to take over our company, as we have band together to stop this offer from proceeding.
‘’The unsolicited Offer from our joint venture partner comes at a time when we are on the cusp of a transformational drilling and seismic campaign which aims to prove up Australia’s largest ever onshore conventional gas field. Perth Basin gas is becoming increasingly valuable, as evidenced by the ongoing and intense bidding for exposure to the high-margin Perth Basin Permian gas play. Mineral Resources stands to benefit considerably, including as an end-user, if it is able to consolidate ownership of Norwest’s assets to secure full control against a backdrop of an increasing WA domestic gas price, the possibility for export and the creation of new downstream industries. The shareholders are strongly committed to maximizing value and remains 100% focused on acting in the best interests of all Norwest Energy shareholders.’’
Please remember to uphold the Fiduciary Responsibility that you owe to all Norwest Energy shareholders.
Regards
