Perth Basin gas group Warrego Energy’s expected to formally put Kerry Stokes’ Beach Energy on notice on Monday.
Perth Basin gas group Warrego Energy’s expected to formally put Kerry Stokes’ Beach Energy on notice on Monday, telling it to come up with at least another $40 million if it wants to bulk up in the Perth Basin.
It’s hard to see how Warrego could do anything but tell Seven Group-backed Beach Energy it’s been trumped and trigger its five-day matching period, given the near $40 million gap between the two bids and the attached conditions. [Beach Energy’s most recent offer was at 25¢].
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