OIL FIELDS – WESTERN AUSTRALIA

Carnarvon soars 50pc after big oil discovery

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Original article by Paul Garvey
The Australian – Page: 20 : 19-Jul-18

Carnarvon Petroleum has advised that its Dorado-1 well off the coast of Western Australia has struck oil over a depth of 96.1 metres, including a net pay thickness of 79.6 metres. MD Adrian Cook has described the oil find as "transformational" for the oil and gas explorer, which holds a 20 per cent stake in the Dorado-1 well. Shares in Carnarvon closed 57.1 per cent higher at $0.275 on 18 July.

CORPORATES
CARNARVON PETROLEUM LIMITED – ASX CVN, QUADRANT ENERGY PTY LTD, MACQUARIE GROUP LIMITED – ASX MQG, BROOKFIELD ASSET MANAGEMENT INCORPORATED, WESFARMERS LIMITED – ASX WES

Forrest branches into oil and gas

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Original article by Paul Garvey
The Australian – Page: 19 & 20 : 2-Nov-16

Goshawk Energy and a company owned by Fortescue Metals Group founder Andrew Forrest have applied for oil and gas exploration permits covering about 220,000 square kilometres in Western Australia’s onshore Canning Basin. Forrest has applied for the permits via Squadron Energy, which is a subsidiary of Minderoo. A spokeswoman for Minderoo says the company is not currently considering the use of fracking in the Canning Basin, but environmental groups have urged Forrest to rule out using the technology.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, SQUADRON ENERGY, MINDEROO PTY LTD, GOSHAWK ENERGY PTY LTD, BURU ENERGY LIMITED – ASX BRU, ENVIRONS KIMBERLEY, HANCOCK PROSPECTING PTY LTD, MINERAL RESOURCES LIMITED – ASX MIN, AUSTRALIAN LABOR PARTY, CONOCOPHILLIPS, APACHE CORPORATION, HESS CORPORATION, PETROCHINA COMPANY LIMITED, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, LAKES OIL NL – ASX LKO, EMPIRE OIL AND GAS NL – ASX EGO

Wesfarmers makes $US100m oil, gas play

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Original article by Julie-anne Sprague, Angela Macdonald-Smith
The Australian Financial Review – Page: 23 : 25-Jun-15

Wesfarmers will pay $US100m ($A129m) for a 27.4 per cent stake in a special-purpose vehicle that holds the Quadrant Energy stakes of Angela Bennett and Macquarie Capital. This in turn will give Wesfarmers a 13.7 per cent stake in Quadrant, which was previously known as Apache Australia and owns oil and gas assets in Western Australia. Wesfarmers MD Richard Goyder describes the Quadrant stake as a stand-alone investment for the conglomerate.

CORPORATES
WESFARMERS LIMITED – ASX WES, QUADRANT ENERGY PTY LTD, MACQUARIE CAPITAL PTY LTD, APACHE CORPORATION, AMB HOLDINGS PTY LTD, COLES SUPERMARKETS AUSTRALIA PTY LTD, KMART AUSTRALIA LIMITED, CSBP LIMITED, BROOKFIELD ASSET MANAGEMENT INCORPORATED, SEVEN GROUP HOLDINGS LIMITED – ASX SVW, NEXUS ENERGY LIMITED, BEACH ENERGY LIMITED – ASX BPT, DRILLSEARCH ENERGY LIMITED – ASX DLS