Warrego Energy Says Beach Advised That It Does Not Intend To Match Revised Hancock Offer

Warrego Energy Ltd (WGO.AX):

• HAS NOW BEEN ADVISED BY BEACH THAT BEACH DOES NOT INTEND TO MATCH REVISED HANCOCK TAKEOVER OFFER

• UNANIMOUSLY RECOMMENDS THAT WARREGO SHAREHOLDERS ACCEPT HANCOCK TAKEOVER OFFER, IN ABSENCE OF A SUPERIOR PROPOSAL

• NOW WITHDRAWN ITS PREVIOUS RECOMMENDATION IN FAVOUR OF REVISED BEACH SCHEME PROPOSAL