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
Quisque iaculis facilisis lacinia. Mauris euismod pellentesque tellus sit amet mollis.