Rinehart’s $280m bid
Gina Rinehart has crashed the agreed buyout of Warrego Energy — launching a $280 million counter offer that could flush out more suitors for the Perth Basin gas play. Hancock said it saw Warrego as “complementary and a strategic fit”. It also suggested it was open to further consolidation in the region if successful, citing the opportunity to “collaborate with parties including existing Warrego joint venture partners and others with interests in Warrego’s areas of operation”.