Today's board moves wrap includes Susan Park, Matthew Foy, Ching Chung, Richard Soo, Lachlan Reynolds, Gernot Abl, Dennis Donald, Kenneth Robinson, Carolina Zang, Saul Zang and Cecilia Camarri.
Today's board moves wrap includes John Conidi, Gary Hermon, Layton Mills, Jennifer Voon, Dennis Donald, Geoffrey Nicholson, Brett Matthews, Bruce Garlick, Peter Goh, Eduardo Elsztain, Brent Stockden and more.
John Poynton-chaired Strike Energy says it will not improve its scrip offer currently before undecided Warrego Energy investors, with the course of the takeover attempt still hanging in the balance.
Warrego Energy bidders Hancock Prospecting and Strike Energy have traded blows over the takeover battle for the Perth Basin gas play after Strike's off-market bid opened.
UPDATED: Warrego Energy has taken the unusual step of publicly criticising the two bidders for the company while Mineral Resources has revealed a 16 per cent stake.
Gina Rinehart's Hancock Prospecting has launched what is effectively the seventh takeover bid for Warrego Energy in the space of two months, jacking up its offer price by 29 per cent.
Gina Rinehart's Hancock Prospecting has lifted its stake in Perth Basin gas play Warrego Energy to 25.9 per cent as a stand-off looms with rival bidder Strike Energy.
Warrego Energy has agreed to a takeover offer from Kerry Stokes-backed Beach Energy, bypassing a competing offer from its joint venture partner, the John Poynton-chaired Strike Energy.
Warrego Energy has received commitments to raise $15 million from a two-tranche share placement, with the proceeds to go towards drilling at its West Erregulla development in the Perth Basin.
The entry of two European energy companies into WA will help to bolster activity in the onshore oil and gas sector, which is set for a pick-up after a series of disappointments.
