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Octanex to fund Peak, merger to follow

Octanex and Perth's Peak Oil and Gas are working towards a merger, with Melbourne-based Octanex underwriting a rights issue for of $1.94 million that will go towards working capital for Peak prior to the implementation of the deal.

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Peako (PKO)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 30/11/18

1 year TSR5 year TSR
288thRMG0%8%
294thRaiden Resources0%-38%
479thPeako-28%-39%
727thRed Hill Iron-62%-21%
804thRMA Energy-75%-20%
741 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

22/11/18
$2k Bought
21/11/18
$901 Bought
19/11/18
$888 Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

474th↓Peako$0
478th-Raiden Resources$0
479th↓Red Hill Iron$0
481st↓RMA Energy$0
482nd↓RMG$0
509 listed resources companies ranked by revenue.
Source: Morningstar

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