Warrego Will Acquire Operational Gas Project in North Spain

  • Dec 17, 2019 AEDT
  • Team Kalkine

Warrego Energy Limited (ASX: WGO) has agreed to acquire 50.1% indirect interest in El Romeral. It is an integrated power station and gas production located in Southern Spain.

  • As per the CEO of the company, this is a low risk strategy to add reserves to balance sheet and at the same time near term cash flows;
  • It is a part of Warrego’s strategy to become a strong upstream player focussing on Australia and Spain.

At AEST 01:08PM, the stock was trading at $0.195 per share, no change from its previous close.

 

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