Another twist in the COE/SNE takeover story Beach who own over half of Somerton have not accepted COEs offer but instead are "considering" their position
A possible counter offer is on the cards IMO
and an article supporting what I was saying yeterday about the LKO value implications from COE taking over SNE
"Lakes Oil sees benefit in Cooper-Somerton merger
Unit Price: $0.008 $0.000
Bid: $0.007 Ask: $0.008
LAKES OIL NL ORDINARY FULLY PAID 19 Apr 2012 04:51:00
6 Views
0 comments
Lakes Oil could indirectly benefit from the proposed merger between Cooper Energy and Somerton Energy which was announced on the ASX today.
Chairman Rob Annells says Lakes will today spud its first well in PEP169 in the Otway Basin, onshore western Victoria, right next to Somerton's PEP168.
Somerton Energy is 56%-owned by Beach Petroleum which, along with Somerton, is in a joint venture with Lakes Oil to develop its oil and gas interests in the Gippsland Basin in eastern Victoria.
Rob Annells described the timing of the announcement as "very interesting", particularly if the Lakes well makes a find."
- Forums
- ASX - Day Trading
- daytrading april 20 pre-market
daytrading april 20 pre-market, page-21
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
CC9
Chariot Corporation (ASX:CC9) refines Black Mountain strategy, launching Pilot Mine to seize U.S. lithium opportunity
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries