Empire Energy has ramped up its Carpentaria gas pilot project in the Northern Territory by acquiring AGL’s fit-for-purpose, 42-terajoule per day Rosalind Park gas plant for a cash payment of $2.5 million.
The company says the facility exceeds the standards set by its technical due diligence process and estimates the acquisition will shave about a year off its pilot plant timeline and save it…
ARN might be forced to shed some of its recently acquired shares in rival SCA after being found to have acted in “unacceptable circumstances” when purchasing the shares.
ARN bought 14.8 per cent shares in SCA in June via fund manager, Allan Gray. At the time of the purchase, Gray had 21.71 per cent voting power in SCA, as well as 20.04 per cent in ARN.
By selling SCA shares to ARN,…
Australian media company Venetian Media Group (VMG) has today announced the acquisition of specialised web and digital strategy innovator, Digital Native.
The company is aiming to expand its long-term digital strategy with the new business, which complements its existing marketing and advertising offerings including OOH specialist Revolution360, marketing agency Yakkazoo, media agency…
Estrella Resources has secured a prized position in what is emerging as a new mineral frontier after the Timor-Leste Government granted the company three highly-prospective new mining concessions.
The acquisition of the concessions gives the company access to an area of 121.5 square kilometres in a region known to host more than 200 mineral occurrences including gold, copper, manganese, silver…