dated 6th feb 2023
The protracted bidding war for WA-based domestic energy explorer and producer Warrego Energy (ASX:WGO) all but wrapped up on Monday with Hancock Energy, headed by Gina Rinehart, winning a 50.54% stake in the company.
That controlling interest in Warrego by Hancock Energy makes it incredibly likely that Hancock will now approve its own takeover offer in the Warrego boardroom.
Hancock beats out Beach Energy (ASX:BPT) and Strike Energy (ASX:STX) in the race to capture Warrego.
The Brains Trust - 2023, page-814
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