A move by Chris Ellison’s Mineral Resources to sell its shares into Hancock’s 36¢-a-share offer has taken Hancock’s. As it stands with STX at 25 cents, the offers are pretty much the same value today. ASX - Day TradingFurthermore, with knowing that multiple parties were makin offers to purchase the company, the WGO board should have been smarter knowing that they hold all of the cards and could have dictated better conditions - there was no need to sign up for a 1% break fee, which could easily cost WGO $2. West Erregulla Resource Update, page-2. 9% share in STX below (or around) 40c per share - which is a steal - before lunching a first (low-ball) t/o-offer for STX… It seems obvious…. If the WGO Directors change their recommendation to Hancock, they will have just toasted 10% of the free cash in the company, as the BPT deal falls over. 0. STX: Outstanding West Erregulla Flow Test Results, page-7. STX is not legally obligated to increase their WGO because the original offer was preliminary and non-binding in nature, and was never recommended, so they are not legally bound to extend any private treaty sale agreement to WGO. Click for more. Last updated 15. As far as Gina having 18 billion dollars or Bill friggin Gates having more (the computer nerd, not the Hotcopper poster) whatever offer is made, will ALWAYS revalue STX at the same time. ET) and the After Hours Market (4:00-8:00 p. Hancock Energy has provided a Sixth Supplementary Bidders Statement for their bid on Warrego Energy (WGO. ASX - By Stock. 25 per share cashseems to me that the powers have driven wgo down to this price and kept it there. Typical transactions are $1 to $1. Created with Sketch. 2 Strike shares for. HotCopper has news, discussion, prices and market data on WARREGO ENERGY LIMITED. 10. Join the HotCopper ASX share market forum today for free. Losing WGO to STX but maintaining upside exposure to PB while enjoying the synergies from the merged entity is a great outcome for me personally. Target our investor community with our suite of Hotcopper Advertising. Counterproposal from Beach Energy. In market cap terms (assuming no additional shares on issue) we wgo will be (666 million and strike 1,680 million). Strike and Regal bought around $40 million worth of WGO shares at an average share price of above 20c. Forums. When he asked God what it mean. and graphics of potential plants and plenty of colour and brightness. Join the HotCopper ASX share market forum today for free. Become a member of Australia's largest investment discussion forum. ASX - Day TradingJan 5 (Reuters) - Warrego Energy Ltd (WGO) : NOTES ANNOUNCEMENT BY HANCOCK TODAY ANNOUNCEMENT BY HANCOCK OF HIKING OFFER PRICE TO A$0. Forums. Latest Posts. . 1% of WGO, page-3. . Created with Sketch. EP469 being played out :. Created with Sketch. Hancock Energy - Extension of Offer Period WGO management have sold out its own shareholders- no ifs, no buts about it. . Australia's largest stock trading and investment forum Australia's #1 stock forumChairman's Address and Managing Director's PresentationQuarterly Report and Appendix 5BCreated with Sketch. A fine example of small man syndrome. Australia's largest stock trading and investment forum Australia's #1 stock forumCreated with Sketch. . Resignation and Appointment of Company SecretaryHotCopper has news, discussion, prices and market data on WARREGO ENERGY LIMITED. International Markets. WGO: Strike's First Supplementary Bidder's Statement, page-7. Dec 2 (Reuters) - Warrego Energy Ltd (WGO) : INCREASE IN OFFER PRICE UNDER HANCOCK ENERGY TAKEOVER OFFER FOR WARREGO NOTES ANNOUNCEMENT TODAY BY HANCOCK. And at some stage ( maybe already) somone will also have to talk to Macquarie Capital. Created with Sketch. Join the HotCopper ASX share market forum today for free. Luckily it isn&apos;t winter. 4. Share. WGO Price at posting: 18. ASX - Day Trading. Advertise on HotCopper. Strike and Regal bought around $40 million worth of WGO shares at an average share price of above 20c. . Australia's largest stock trading and investment forum Australia's #1 stock forumVery comprehensive quarterly out over at STX Gives a great narrative on the timeline for our JV Hope WGO can give us something similiarWarrego Energy Limited is an Australia-based petroleum exploration, development and. Created with Sketch. Join the HotCopper ASX share market forum today for free. Not a good outcome for WGO or STX shareholders. Market . WGO: Re: Stx abandons WE development : Thread: JiggyJigs: 16: 6. Advertise on HotCopper. WGO. Reaching up. all this will eventually come to a final conclusion and for once its great to be on the right side of the. Hancock Offer - Second Supplementary Target's StatementVolume. ASX - General. Forex. Surprised there is no mention of yesterdays news Beach locking in a sales agreement to sell more of their Watsia gas to BP LNG on this threadIn my eyes. Release Date: 05/12/22 08:34; Summary: WGO: Matching Rights Process for revised Hancock Takeover Of; Price Sensitive: Yes; Download Document 156. ASX - By Stock. 96KBWarrego adopts global standard for ESG reportingSo by inference, the reason Beach want wgo is to provide a stepping stone to then go after stx. Warrego enters into Scheme Implementation Deed with Beach, page-5. Latest Posts. WGO rejects non-binding indicative proposal from Strike, page-2. proves that the NWE bid by MIN is a placing distraction to inflate a counter move, while buying and converting WGO, to access STX assets so they get a tolling facility for primary and downstream processing. There is enough gas at SE for Haber to go ahead. Created with Sketch. . 16: Created with Sketch. Created with Sketch. 59pm 22/11/2023 ? HotCopper has news, discussion, prices and market data on STRIKE ENERGY LIMITED. Created with Sketch. 211PJ booked reserves for WGO’s share of the in ground gas. 1227100. ASX - By Stock. VinFast Auto Ltd. 38KB: Share: WGO Quarterly Report and Appendix 5B: 28/04/22: PRICE SENSITIVE: Created with Sketch. 0. I am a bit perplexed as to how come STX share price is rocketing away, and WGO is hovering around at 30. 36/sh on condition that Hancock achieves 40% or more acceptances from WGO shareholders (Hancock currently hold ~25% of Warrego shares). arrow. WGO for all intents and purposes is only being recognised for WE. Hancock Energy off-market takeover offer for Warrego, page-2. Latest Posts. 66. ASX - Short Term Trading. . Share. Warrego Energy Limited (WGO) - Substantial onshore Australian gas opportunity Warrego Energy (WGO) is an oil and gas company with a focus on onshore. Share Imagine being DD and writing 2 pages of reasons (including how there is no further upside to the existing prospects) why people should accept the Hancock offer as it's the best option for "all shareholders", while subsequently having GC using direct quotes from you <2 months ago detailing how. 44MM !! (1% of deal value) Lets say WGO has about $24MM in cash at the moment. WGO: 25/05/22: Created with Sketch. keen to see how WGO differs on its interpretation, page-2. Scenario 2 WGO and STX work together to ensure STX successfully takes over WGO. ASX - Day Trading. Created with Sketch. Created with Sketch. International Markets. 36/SHARE, IF. A fine example of small man syndrome. Well things have lit up on the WGO threads. ASX - By Stock. 4. 5 (though we don't quite know how the market will digest the deal), it has an implied value for WGO's. . Just to clarify my own calcs and curiosity, MIN cost of WGO holding is: 200,000,000 cost $69,705,095 = 34. WGO: Strike's First Supplementary Bidder's Statement. Join the HotCopper ASX share market forum today for free. WGO: Strike's First Supplementary Bidder's Statement, page-6. Target our investor community with our suite of Hotcopper Advertising opportunities. thats a dumb ass spec trade. 5c multiple times. , page-3. MarketJan 27 (Reuters) - Warrego Energy Ltd (WGO) : ISSUED 6. . wgo to decide whether to accept/recommend and stx, to decide whether to improve the terms. Created with Sketch. HotCopper has news, discussion, prices and market data on WARREGO ENERGY LIMITED. MarketSTX: Excellent WE3 results confirm extension of field to nor, page-2. ASX - By Stock. ASX - Day Trading. 4. How the board can say it's in the best interest of shareholders to take the money. Key Points . The $40 million spent represents around 26% of the. 2B shares, with a 7. 0. ASX - By Stock. 3mm barrel of condensate). The Scots, or possibly one of them, will need to be seen as coming out on top. Feb 27 (Reuters) - Warrego Energy Ltd (WGO) : HANCOCK CONFIRMED IT WILL NOW COMMENCE COMPULSORY ACQUISITION PROCESS OF COChanged my position in WGO from Not Held to Held. Last updated 11. Created with Sketch. 20 (1) The in-running nip point of a power transmission belt, rope or chain, and any portion of a flywheel or pulley located within 2. Join the HotCopper ASX share market forum today for free. Forums. . Change in substantial holding. when does the new asx Code come into play I thought it was Monday, page-2. . ASX - By Stock. 5 & 15% for some prospective NPV's to check against market cap and offers coming throughCreated with Sketch. all the while exposed to all manner of external risks. Share. STX keep their WGO and the three collaborate - possible IMO 3. Otherwise the CGT Event is taken to occur on the date your share swap is processed and CGT to be calculated at market price for that day. Latest Posts. ——-Hancock notes that there is a risk that, notwithstanding an initial Warrego Board recommendation of the Offer, Strike seeks to assert rights under the pre-emptive rights regime under the JOA. . Initially I held STX and had good profit, then I saw the. Warrego high-grades Erregulla Deep Structure in EP 469STX: West Erregulla Update, page-3. Market . 50, take out WGO and then turn your attention to STX and stop faffing around because you'll still have enough left over for a large box of cornflakes, premium full cream milk and a case or two of Penfolds. The WGO break fee to BPT is $2. Created with Sketch. Advertise on HotCopper. Long ways to go yet but if STX wants this then make a fair dinkum offer and stop playing games they can't afford. WGO: Warrego/Beach Energy Scheme Update. 0¢ Sentiment: Hold Disclosure: Not HeldChange in substantial holding for WGOFinal Director's Interest Notice - L Putland. 7 MILLION SHARES IN CO UPON EXERCISE OF 6. They are all responsible for acting in the best. 5Million bucks i think, and in yr. Join the HotCopper ASX share market forum today for free. Created with Sketch. ASX - Day Trading WARREGO ENERGY LIMITED (ASX:WGO) - Ann: Warrego/Beach Energy Scheme Update, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading. Created with Sketch. . 03c. Hopefully, the 40% increase in the reserves changed the bottom to 12. Today wa gas is nearing $7. They are all responsible for acting in the best. WGO report is dull looking by comparison, they really need to find a good graphic designer. Just noticed that the updated top 20 on the website is dated to the end of June 2021, which is different from the one in the annual report (to 28. Commodities. Created with Sketch. Created with Sketch. 6¢. Forums. 0 Great. 6. 67%. share. Charts. WGO board should take notice of SN from STX incentives withdrawal today and act in the same manner. ASX - Day TradingWE-5 Commences Clean Up, page-5. ASX - Day Trading. Created with Sketch. 0. Created with Sketch. Some people were curious where potentially we are heading. and graphics of potential plants and plenty of colour and brightness. 0¢ Sentiment: None Disclosure: Held Created with Sketch. Latest Posts. In other words, rather than WGO retaining their 50% and proceeding with the development of WE (with associated development risk, delays, dilution for funding WGO share of development costs etc), they have recognized that a much more efficient structure (and lower risk structure for WGO shareholders) is to join with a bigger co to develop WE. Forums. Australia's largest stock trading and investment forum Australia's #1 stock forumWarrego Share Purchase Agreement Signed. BPT: Beach not to exercise matching right for WarregoWarrego Farms-out 50% of EPA-127 to Mitsui, page-2. Latest Posts. MarketThanks WGO. The $40 million spent represents around 26% of the. Latest Posts. For what it's worth I'll be voting no to this scheme. Ceasing to be a substantial holder for WGO WGO: Strike's Second Supplementary Bidder's Statement 1. ASX - Short Term Trading. . WGO is getting interesting now. Join the HotCopper ASX share market forum today for free. Warrego has therefore entered into a balancing agreement with partner Strike Energy, whereby it will effectively purchase gas from Strike to enable Warrego to overlift more than its 50% share of the field volumes to meet its sales commitments to Alcoa. WGO Price at posting: 18. ASX - Day TradingSupplementary Bidder's StatementWGO has the cash for the initial funding of WE infrastructure, but not the funds to drill the new wells announced by STX for EP469. WGO could learn a bit about selling the sizzle from from STX. HotCopper has news, discussion, prices and market data on HILLGROVE RESOURCES LIMITED. Market . So WGO had (aprox) 150 pj of certified reserves and a commitment of 155 pj's to Alcoa and entered a gas balancing agreement with STX for the short fall. . ASX - General. ASX - By Stock. ASX - By Stock. anyway among all the speculitive posts and some of them very well contructed . That really p***d me off. ASX - General. Investors may trade in the Pre-Market (4:00-9:30 a. Join the HotCopper ASX share market forum. 1. ASX - By Stock. Join the HotCopper ASX share market forum today for free. The STX offer was still better even after the BPT one! Some here would have you believe being paid 20 cents for you shares, then potentially paying 20 - 50% of that in tax, then jumping into the queue to try and buy STX against a whole bunch of other shareholders with your remaining pittance and therefore driving the price up for the company that you. Created with Sketch. ASX - General. Join the HotCopper ASX share market forum today for free. Created with Sketch. 00% 35. 27KB: Share: WGO Quarterly Report: 27/10/17: PRICE SENSITIVEfeb 22 (reuters) - warrego energy ltd (wgo) : updates on offer by hancock energy to acquire all shares in warrego energy limited hancock’s holding in. This sounds like real "the dog ate my homework stuff" and sure we don't have all the facts but really it looks like amatuer hour. The purchase of WGO:ASX @ 0. 27 Upvote. ASX - Day TradingWGO: Proposed competing takeover offer from Strike. ASX - General. STX: Strike increases ownership of Warrego to 19. . Great News for all:Release Date: 29/07/21 08:46Summary: WE5 Production Test UpdatePrice Sensitive: YesDownload Document. All the latest Warrego Energy Limited (ASX:WGO) share price movements, news, expert commentary and investing advice from The Motley Fool Australia. Hancock Energy Fourth Supplementary Bidder's Statement, page-2. ASX - By Stock. 10 Upvote. HotCopper has news, discussion, prices and market data on WARREGO ENERGY LIMITED. Forums. WGO Price at posting. Hancock Energy has provided a Sixth Supplementary Bidders Statement for their bid on Warrego Energy (WGO. 5 mmBOe (350PJ + 0. Warrego Commences Matching Rights Process in Beach SID1. News: WGO Mineral Resources Says It Does Not Intend To Make Takeover Bid Or Other Offer For Warrego. 2. Latest Posts. BPT. I wanted to start this thread to discuss the difference in valuation between STX and WGO. 50-1. ASX - By Stock. Assuming the worst case scenario whereby none of our 3P or 2C actually converts to 2P, our 2P reserves is c. ——-Hancock notes that there is a risk that, notwithstanding an initial Warrego Board recommendation of the Offer, Strike seeks to assert rights under the pre-emptive rights regime under the JOA. . WGO rejects non-binding indicative proposal from Strike, page-2. 3 Billion Nett Profit private company. Without WGO's 50%, STX is a less attractive takeover target. Market . ASX - Day TradingHancock Energy off-market takeover offer for WarregoHancock Bidder's StatementBelow was posted on the STX site;"Looking forward , I would love to hear McGowan explaining to Gina why she can't have a LNG license but K. Wgo will be taken over at 30c and STx will be 25c and STX holders will still be saying STX at 30c was a better bet than WGO at 14c lol . Charts. 10. The Calmer Co reports robust Q1 FY24 revenue growth with 40% surge for ecommerce salesCheck out STX Announcement. Market . Still a huge disparity between the Market caps mind you. Created with Sketch. m. Target our investor community with our suite of Hotcopper. Rhetoric that WGO holders have been screaming for some time. Created with Sketch. Completion of Blue Hydrogen & CSS Project Feasibility StudyS&P DJI Announces March 2022 Quarterly RebalanceGood interview with yiur future CEO, lol investment adv. Created with Sketch. Last updated 15. (1) my average price for WGO is about 13c, so it's a decent return over a relatively short time (2) My shares are converted to STX, which means my slice of the overall pie doesn't get diluted (3) based on STX's last price of 24. SP should be 20c at. ASX - Day TradingJust because there has been a lit said here:The main objective of any director is to keep the organisation moving towards reaching its goals and. Share 1ASX/MEDIA RELEASE10 November 2022Receipt of Non-Binding and Indicative ProposalWarrego Energy Limited (“Warrego”, ASX:WGO) notes recent increased trading activity in its shares andadvises that it received a non-binding and indicative proposal from Strike Energy Limited (“Strike”) underwhich Strike would acquire. Created with Sketch. HotCopper is Australia's largest free and independent stock market trading forum for ASX share prices & stock market discussions. 80. 1. STX: Wagina Gas Discovery, page-2. But losing STX or the merged STX/WGO entity to Hancock would be the crappiest outcome as Hancock will emerge as the only winner even if Hancock pays a decent premium to gain full control of. 2 STX for 1 WGO share. it would be easy for STX/WGO to replicate a NWS option. Share Imagine being DD and writing 2 pages of reasons (including how there is no further upside to the existing prospects) why people should accept the Hancock offer as it's the best option for "all shareholders", while subsequently having GC using direct quotes from you <2 months ago detailing how undervalued the propects you have are two. ASX - Day TradingWARREGO ENERGY LIMITED (ASX:WGO) - Ann: Warrego/Beach Energy Scheme Update, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading. looks like WGO could be on a similar SP to STX soon. My interpretation is. HotCopper has news, discussion, prices and market data on WARREGO ENERGY LIMITED. , page-6. but STX could use some of their uncontracted gas for it if they want. ASX - By Stock. Quarterly Report and Appendix 5B, page-2. ASX - Short Term Trading. ASX - Day TradingHi Folks WGO will have two key catalysts both coming from days to a couple of weeks spud - an day , any hr GSA - end of Sept stx 435m Wgo 183m Wgo should. ASX - By Stock. ASX - Short. Share From the Bidder’s Statement of Hancock: Strike Energy has pre-emotive rights in WE but not if WGO board recommends another offer. WGO Rights Issue 76% Oversubscribed $4. . Above is extract from a merger presentation to facilitate discussion. 3 Upvote. 50. WGO could learn a bit about selling the sizzle from from STX. Strike and Regal bought around $40 million worth of WGO shares at an average share price of above 20c. ASX - By Stock. Commodities. Latest Posts. ASX - By Stock. ASX - Day TradingChange of Director's Interest Notice. Today's announcements demonstrate exactly how cheap WGO was last week at 21c and still is in my opinion. Advertise. . Join the HotCopper ASX share market forum today for free. Warrego raises $15 million via two-tranche placement, page-4. MIN and Gina convert to STX and the three collaborate - most. The $40 million spent represents around 26% of the. 3¢. Remember MIN have Lockyer Deep which they own 80% with NWE, they don’t need WE gas. . The AFR is reporting that Min Res has sold to Hancock giving it 50. Application for quotation of securities - WGO. ASX - Day TradingCreated with Sketch. ASX - General. 7 MILLION UNLISTED OPTIONS, EXERCISABLE AT A$0. Change in substantial holding for WGOWGO: Warrego and Strike align for Joint DevelopmentSTX In Strong Position, Look Through Value Keeps Improving. Latest Posts. . jan 11 (reuters) - strike energy ltd () : refers to off-market takeover offers by hancock energy and strike energy for all issued fully-paid ordinary shares in warrego energyWarrego Energy Limited (“Warrego” or the “Company”) (ASX: WGO) has commenced payments toAustralian Gas Infrastructure Group (“AGIG”) to enable it to commit Long Lead Items (“LLIs”) for theconstruction of the mid-stream 87 TJ/d gas processing facility for Phase 1 of the West Erregulla GasProject. Last edited by invertedva: 24/10/22. Last updated 15. Logically WGO is worth the most to STX - they already have 50% of WE and gaining 100% ownership of WE is very advantageous to STX - IMO it's much better than having a 50/50 JV for WE with a replacement partner eg. Share With STXs 1:1 offer in the table, we have a scenario where a bidder lobs in a bid for STX at say 50c, making the WGO bid by STX look incredibly attractive to WGO holders. Last updated 15. Forex. 2 STX shares for each WGO share. For example, if we discover something larger than expected at any of our upcoming drills in 4 5 or 3, and so went up 3x, wgo would be sitting at roughly 68 cents. Something just tells me it is Minres. The general tone is best described as "they are pissed" Expected more of a reaction here but even the market seems a bit ho hum about it with BPT down so far on the day. Hancock Energy - Extension of Offer PeriodWGO management have sold out its own shareholders- no ifs, no buts about it. ASX - Day Trading. all this will eventually come to a final conclusion and for once its great to be on the right side of the action. 8¢. 1% INDIRECT INTEREST IN EL ROMERALThey don't talk about what I think is the obvious attraction for Strike, which is the availability of WGO's share of what will surely be, a big reserve of. Change in substantial holding for WGO. Because Hancock has no WGO shares, and BPT has no WGO shares (yet). Really, who knows what could happen, even now. . The $40 million spent represents around 26% of the.