Gastar Exploration Ltd together with its joint venture partner Eastern Star Gas Limited have recently published a report saying that the two companies have entered into a Heads of Agreement (“HoA”) with the APA Group (“APA”), owner of the Central West and Moomba Sydney Gas Pipelines. Under the HoA, options for early delivery of coal [...]
Blue Energy announced that following positive results at Azure #1 it will continue its exploration drilling program in ATP 817P located approx 55km north west of Injune QLD. Following cased hole geophysical logging operations at Azure #1, the Company has confirmed 4.9m of continuous coal pay thickness previously estimated from geological reports during drilling of [...]
Four banks are leading a syndicated loan to finance British gas producer BG Group Plc’s $US12.1 billion ($A12.99 billion) bid approach for Australian utility group Origin Energy, banking sources said.
BNP Paribas, HSBC, Royal Bank of Scotland and Santander are leading the jumbo acquisition financing, banking sources said.
The size of the facility has not been revealed [...]
Magellan Petroleum Australia Limitedhas provided the following drilling report:
Nockatunga Oil Fields - SW Queensland
The Kamel-1 exploration well spudded in PL 51 in the Cooper Basin of southwest Queensland on 16 March. The well was drilled to a total depth of 1,391 meters. Oil shows were recorded in the Murta Member during drilling. Wireline logs have [...]
Queensland Gas Co. shareholders approved AGL Energy Ltd.’s purchase of a stake in the Australian coal seam gas producer for A$324 million ($254 million), spurning a rival bid from a Societe Generale Asset Management unit.
AGL’s proposal, which includes a 20-year contract to buy fuel from the Brisbane-based company, was backed by more than 75 [...]
Another major coal seam gas project is being developed in Queensland.
Origin Energy is to invest $114 million to double the size of its Spring Gully coal seam gas project north of Roma.
This will largely supply into the household, industry and electricity generation market.
But nearby Link Energy is developing coal seam gas which, in partnership with [...]
