Strike Energy to acquire Warrego Energy for $260m.

Strike Energy, a proudly Western Australian Company building an integrated, low-carbon energy and fertiliser business, agreed to acquire Warrego Energy, a next generation oil and gas company, for $260m. The takeover battle for Warrego comes as the various players manoeuvre to secure a bigger foothold in the onshore Perth Basin gas province, which has long been seen as a hotspot for consolidation amid growing demand for gas in WA.