Warrego Energy (ASX: WGO) notes recent increased trading activity in its shares and advises that it received a non-binding and indicative proposal from Strike Energy. Strike Energy (ASX: STX) also confirmed that on 16 September 2022 it submitted a confidential, non-binding indicative all-scrip merger proposal to the Warrego Board. Rox Resources (ASX: RXL) refers to its previous announcement on 31 October 2022 which noted all cash takeover offer for Cannon Resources (ASX: CNR) at A$0.45 per Cannon Share. 88 Energy’s (ASX: 88E) wholly owned subsidiary Captivate Energy Alaska, was declared the highest bidder for select acreage offered as part of the North Slope Areawide 2022W Oil and Gas lease sale. Watch this show for latest updates from ASX small cap space.