The board of Adelphi Energy says it will unanimously accept a revised takeover offer by AWE Limited subsidiary ARC Energy, advising shareholders to also accept the offer if they are worried about being minority shareholders.
Hilcorp Energy, the operator of the Sugarloaf project in Texas, has spudded
the Morgan-1H horizontal development well targeting gas pay in the Austin
Chalk and Eagle Ford sediments, project partner Adelphi Energy said.
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