News Articles for UIL Energy

Strike Energy's $16.1m all-scrip takeover bid for Perth Basin-focused oil and gas company UIL Energy has been found to be both fair and reasonable by an independent expert. The company also said its Jaws-1, deep coal seam gas well in South Australia is now starting to flow gas continuously with regular bursts of up to 100,000 cubic feet per day and gas flows continuing to build.

IMF Bentham announces it is conducting a fully underwritten institutional placement to raise $74.48 million.

Strike Energy is now fully funded to drill the West Erregulla-2 well in the Perth Basin and complete pilot production activities for the Jaws-1 deep coal seam gas wells after raising $13m through a share placement. The share placement also fulfils the capital raising requirement for the recommended takeover offer for UIL Energy, which will increase Strike's exposure to the Perth Basin.

Strike Energy will extend its position in the Perth Basin, announcing it will acquire UIL Energy in a deal valued at around $16 million.

Strike Energy has launched a $16.1m all-scrip takeover offer for fellow oil and gas company UIL Energy to increase its exposure to the Perth Basin in Western Australia. This will increase the company's acreage in the Perth Basin to over 3000 square kilometres. Strike is planning to drill a well to test the West Erregulla prospect, which is adjacent to the Waitsia gas field, in the first quarter of 2019.

Carnegie Wave Energy has taken first place in Techboard's top trending startup rank this fortnight, after announcing a $2.5 million grant for a wave and solar power microgrid on Garden Island.

Local petroleum executive John Begg is planning to list his recently formed private company, Bombora Natural Energy, after striking a deal to farm-in to UIL Energy's Perth Basin tenement.