Lakes Oil in a 'Raw deal'

SOCIAL media commentary has taken a negative view of the off-market takeover offer by Lakes Oil for Horizon Oil and Gas this week.

Lakes Oil in a 'Raw deal' Lakes Oil in a 'Raw deal' Lakes Oil in a 'Raw deal' Lakes Oil in a 'Raw deal' Lakes Oil in a 'Raw deal'
The offer entails Rawson shareholders receiving 15 new Lakes Oil shares for each of theirs, valuing at Rawson at $A3.75 million.