Whitebark Energy Ltd ( (AU:WBE) ) has provided an update.
Whitebark Energy Limited has successfully closed its takeover offer for King Energy Limited’s Class A Options, achieving a 90.3% acceptance rate. This move is part of Whitebark’s strategic efforts to strengthen its market position and align with its evolving focus on renewable energy, potentially impacting its operations and stakeholder interests.
More about Whitebark Energy Ltd
Whitebark Energy Limited is an ASX-listed exploration and production company focusing on low-cost oil and gas production in Canada, with significant gas resources in Western Australia and permit areas in Queensland. The company is shifting its strategy towards the Australian renewable energy market, marked by management changes and a partial sale of its Canadian asset.
Technical Sentiment Signal: Buy
Current Market Cap: A$2M
Find detailed analytics on WBE stock on TipRanks’ Stock Analysis page.