TXN 0.00% 58.0¢ texon petroleum ltd

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

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    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
 
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