Whitebark Energy Ltd ( (AU:WBE) ) just unveiled an announcement.
Whitebark Energy Limited has announced that it now holds over 90% interest in King Energy Limited’s securities and is proceeding with the compulsory acquisition of the remaining securities. This move is part of Whitebark’s strategic expansion, allowing it to consolidate its holdings and potentially strengthen its market position. The compulsory acquisition process is expected to conclude by May 2025, providing King securityholders with the opportunity to claim their consideration once the acquisition is finalized.
More about Whitebark Energy Ltd
Whitebark Energy Limited is an ASX-listed exploration and production company with operations focused on low-cost oil and gas production in Canada, a significant gas resource in Western Australia, and permit areas in Queensland. The company is shifting its strategy towards the Australian renewable energy market, highlighted by a management overhaul and the partial sale of its Wizard Lake asset in Alberta, Canada.
Technical Sentiment Signal: Buy
Current Market Cap: A$1.54M
For a thorough assessment of WBE stock, go to TipRanks’ Stock Analysis page.