Strike Energy reignites buyout bid for gas project partner
Brad ThompsonReporter
Key Points
- Strike and Talon are partners in the Walyering gas project in the Perth Basin.
- Talon has been under pressure over its failure to engage with Strike initially.
- There has been a flurry of M&A in the basin including the battle for Warrego Energy.
Strike Energy has reignited its buyout bid for Talon Energy in what shapes up as the latest round of consolidation of onshore gas assets in the Perth Basin.
Strike is in a trading halt pending a “proposed material transaction” as is takeover target Talon. The twist comes after Talon announced to the market on Tuesday that Strike had withdrawn a take-it-or-leave-it buyout offer pitched last week.
Loading...
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Energy
Fetching latest articles