Strike reveals post UIL takeover plans

On 22 October, Strike announced it had lodged a takeover offer for UIL, potentially creating a major player in the Perth Basin. The takeover is part of Strike’s plans to build a material gas business in the basin to complements its extensive position in the Cooper Basin. From a technical standpoint, Strike believes the UIL …
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Strike lodges takeover offer for UIL

In 2016, UIL’s footprint in the basin was estimated to be more than 700,000 acres – one of the largest holdings in the region.

“It Read more

Indus plots acquisition of New Era

Based in South Australia, New Era is concentrating on opportunities in the Cooper and Eromanga basins and recently executed a term sheet to farm Read more

Strike’s Jaws-1 progresses to commercial success

“Strike is very pleased to move into the gas production phase of the pilot,” said Strike Managing Director Stuart Nicholls. “Jaws continues to perform in line with our expectations and the company is excited to be entering the next phase as Jaws progresses towards commercial success.” The wells are part of the Southern Cooper Basin …
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Rapid progress on SA Water’s Orroroo Water Pipeline

Trenching activities are currently underway, with a range of machinery on site to complete the installation. The new pipeline is part of a project to improve water quality supply to the township of Orroroo, which currently dawns water from the Walloway Basin. Although classified as potable water under the Australian Drinking Water Guidelines, the supply …
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LCK extends securities suspension, focuses on Leigh Creek Energy Project

LCK indicated that the suspension was requested in order for the company to manage its continuous disclosure obligations for the initiation of gasification at the Leigh Creek Energy Project. The voluntary suspension will end at whichever comes first: the release of the announcement or commencement of trading on Monday 15 October 2018. The Leigh Creek …
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Lakes Oil to take ruling to court

After the Victorian Government widened the scope of the 2017 moratorium to include all onshore gas exploration until 2020, Lakes Oil took the case to court. It argued that it should still be allowed to carry out minimum work requirements in preparation for when the moratorium was lifted. The company has now announced its intention …
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Lakes Oil looks ahead after Rawson acquisition

Lakes Oil now aims to work with Rawson to plan, fund and manage the drilling of the Nangwarry-1 well, located in the South Australian portion of the Otway Basin. The prospect has a best estimate unrisked recoverable resource of 1.6 billion m3 of gas and is located approximately 10 km southeast of the Katnook Gas …
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SA Supreme Court dismisses injunction against Leigh Creek

The application was made on behalf of the Adnyamathanha Traditional Lands Association (ATLA) by the NSW Environmental Defenders Office which were seeking a judicial review of the decision by the Minister for Energy and Mining to issue various approvals to LCK and injunct the start-up of its PCD. LCK received its Final Activity Notification from …
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