WGO - Warrego Energy

• WGO Co-founder Duncan MacNiven to accept Hancock Energy’s revised cash offer for the 138,365,136 shares in Warrego he owns;
• Fellow co-founder Dennis Donald, accepted Hancock’s offer on 30 December 2022;
• Gina Rinehart at present according to Stockhead has 37.19% and counting... ;
• STX isn't too far away behind with shareholders holding 10.68% of Warrego accepting its one-for-one scrip offer, taking its total interest up to 30.58%;
• MIN has has acquired a 16.35% stake in Warrego;
• The identity of the buyer of Regal Funds Management’s 9.82% interest remains undisclosed; and
• Still 6.06% undisclosed too.

rcw1 said:

Good afternoon
Latest percentages and stuff:

• WGO Co-founder Duncan MacNiven to accept Hancock Energy’s revised cash offer for the 138,365,136 shares in Warrego he owns;
• Fellow co-founder Dennis Donald, accepted Hancock’s offer on 30 December 2022;
• Gina Rinehart at present according to Stockhead has 37.19% and counting... ;
• STX isn't too far away behind with shareholders holding 10.68% of Warrego accepting its one-for-one scrip offer, taking its total interest up to 30.58%;
• MIN has has acquired a 16.35% stake in Warrego;
• The identity of the buyer of Regal Funds Management’s 9.82% interest remains undisclosed; and
• Still 6.06% undisclosed too.

Warrego co-founders pick Hancock offer but the verdict is still out - Stockhead

While Hancock Energy now has a lead in the race for Warrego's hand, Strike Energy is still very much in the running.

stockhead.com.au

Not holding.
Have a very nice evening.

Kind regards
rcw1

Click to expand...

divs4ever said:

Shareholding in Warrego Energy Limited

Mineral Resources Limited (ASX:MIN) (MinRes or Company) lodged a substantial shareholder notice on 17 January 2023 which confirmed that the Company has acquired approximately 234 million shares in Warrego Energy Limited (ASX:WGO) (Warrego), representing a 19.17% interest in Warrego.

This shareholding is considered to be a strategic stake. MinRes does not intend to make a takeover bid or other offer for WGO, and is of the opinion that gas asset prices in the Perth Basin are now over-inflated.

ENDS

This announcement dated 18 January 2023 has been authorised for release to the ASX by Mark Wilson, Chief Financial Officer and Company Secretary. For further information, please contact:
==============================================================================================================

i hold MIN ( 'free-carried' ) and BPT ( 'free-carried' )

BPT and MIN in a joint venture , perhaps ?

Click to expand...

rcw1 said:

Good morning divs4ever,
Not sure about ownership, no more. All too good for rcw1. Here's another beauty, wrong thread, but all inextricably interwoven ... it is rcw1's understanding that Macquarie exercised their options in STX yesterday (19/01/23) and promptly sold them 20mil to Regal ha ha ha ha ha ha

Have a very nice day today.

Kind regards
rcw1

Click to expand...

divs4ever said:

WGO has certainly attracted some interest from other companies

time will tell if that is a good thing for WGO holders , ( or would they have rather been left alone to develop to resources themselves )

Click to expand...

rcw1 said:

Truth be told, cannot see Gina, falling on any sword, or allowing wiggle room to lose competitive edge. only getting more adamant in her quest. for mine she will acquire ownership of WGO at some stage, but may well have to make some concessions to get over the line, sooner rather than later. Nothing settled yet. STX will have its work cut out for it and will become vulnerable, for mine.

Just swinging head first in the breeze ha ha ha ha
Have a good day today, divs4ever.
Kind regards
rcw1

Click to expand...

rcw1 said:

Truth be told, cannot see Gina, falling on any sword, or allowing wiggle room to lose competitive edge. only getting more adamant in her quest. for mine she will acquire ownership of WGO at some stage, but may well have to make some concessions to get over the line, sooner rather than later. Nothing settled yet. STX will have its work cut out for it and will become vulnerable, for mine.

Just swinging head first in the breeze ha ha ha ha
Have a good day today, divs4ever.
Kind regards
rcw1

Click to expand...