Antares Energy has sold its Northern Star and Big Star assets in the Permian Basin.

Antares surges on Permian assets sale

Oil and gas company Antares Energy has sold its two remaining assets in the Permian Basin in Texas to an undisclosed private equity buyer, for about $US250 million ($A360 million).


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Why does market not reflect the sale price of U$250m? Antares market capital is now just A$65m(=240m sharesxA$0.27). Antares has approximately A$50m debts.

Because the closure of the deals is not assured. Hence the market will only price in a probability (ie. less than 100% of its value) in the meantime.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Share Transactions

$10k Bought
$21k Bought
$9k Bought
Total value as at the date of the transaction
Source: Morningstar


132nd↓Antares Energy$683k
135th↑Strandline Resources$651k
136th↑Artemis Resources$629k
138th↑Castle Minerals$563k
139th↑Echo Resources$557k
503 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Antares Energy

65thJames Cruickshank$1.027m
248thGregory Shoemaker$488k
569thVicky McAppion$238k
Ranked by total remuneration from all listed WA companies

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