22/10/2018 - 11:39

Strike has Perth Basin in sights with UIL takeover bid

22/10/2018 - 11:39

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Strike Energy has launched a $16.1m all-scrip takeover offer for fellow oil and gas company UIL Energy to increase its exposure to the Perth Basin in Western Australia. This will increase the company’s acreage in the Perth Basin to over 3000 square kilometres. Strike is planning to drill a well to test the West Erregulla prospect, which is adjacent to the Waitsia gas field, in the first quarter of 2019.

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