Whitebark Energy Extends King Class A Options Offer Amid High Acceptance

The latest update is out from Whitebark Energy Ltd ( (AU:WBE) ).

Whitebark Energy Limited has announced a further extension of its offer for King Class A Options as part of its off-market takeover bid for King Energy Limited. The extension, now set to close on 17 April 2025, follows a high acceptance rate of 89.78% for the options. This move underscores Whitebark’s strategic efforts to consolidate its position in the energy sector, potentially impacting stakeholders by enhancing its market presence and operational capabilities.

More about Whitebark Energy Ltd

Whitebark Energy Limited is an ASX-listed exploration and production company with operations in Canada and Australia. The company focuses on low-cost oil and gas production, with a significant gas resource in Western Australia and exploration permits in Queensland. Recently, Whitebark has shifted its strategy towards the Australian renewable energy market, including a management overhaul and partial divestment of its Wizard Lake asset in Alberta, Canada.

Technical Sentiment Signal: Buy

Current Market Cap: A$1.54M

For an in-depth examination of WBE stock, go to TipRanks’ Stock Analysis page.