escape clause in efs bids?, page-29

Eagle Ford Shale Regional Rig Count Rises Two to 278 – June 8, 2012 ?


Is a Eureka Energy Bidding War Close?


Posted on June 8, 2012 by RT Dukes


Eureka Energy’s board is rejected an offer from Aurora Oil & Gas, but could be near an agreement with Lonestar Resources. Details of a potential agreement will not be known until Eureka’s board meets over the weekend. Aurora’s offer is only good until June 15 and Australian regulations prevent the company from making a higher offer until after that date.

Lonestar Resources is a private Fort Worth based company with interests in the Bakken, Barnett, and Eagle Ford shales.

Read more on the potential offer at wsj.com