Warrego Energy Limited received off-market takeover offer from Hancock Energy Pty Ltd

Warrego Energy Limited (ASX: WGO) announced that it had received an off-market takeover offer from Hancock Energy Pty Ltd to purchase all of the fully paid ordinary shares in Warrego at an offer price of AU$0.23 per share. The takeover proposal is subject to a "Pre-Emptive Rights Condition," which needs the Warrego Board to recommend in its Target's Statement or any supplementary Target's Statement that the company's shareholders agreed to the Takeover Offer in the absence of a greater proposal and a "No Prescribed Occurrences Condition."

On 14 November 2022, the company also received a scheme proposal from Beach Energy Limited, under which the company's shareholders would get cash consideration of AU$0.20 per share in return for the transfer of their shares to Beach.

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