Nov 19 (Reuters) - Petrel Energy Ltd PRL.AX :
* TO MERGE WITH WARREGO ENERGY LIMITED VIA A REVERSE TAKEOVER
* REVERSE TAKEOVER WILL BE EFFECTED BY ACQUISITION BY PETREL OF ALL SHARES OF WARREGO
* AS CONSIDERATION, WARREGO SHAREHOLDERS TO RECEIVE SHARES IN CO, REPRESENTING ABOUT 77% OF CAPITAL OF CO AS ENLARGED BY ACQUISITION