The past year has been tough for listed WA companies looking to raise funds but a lift in activity during the past three months has the industry cautiously optimistic.
Perth ‘cashbox' Core Services Group has shown how hard it can be to complete a deal in the current market, announcing today a third iteration of its plan to buy a business that is already part-owne
Mitsubishi and Alcoa plan to support a $100 million funding package for Buru Energy, which the Perth company says will allow it to proceed with further drilling programs in the Canning Basin and de
Shale gas in the US contributed around $80 billion to its GDP and created more than 900,000 jobs, but a new financial analysis has shown developing Australia's vast shale gas resources will cost up
Premier Colin Barnett is pressing ahead with plans to acquire land at James Price Point for a gas processing precinct – without having a proponent lined up to build one.
Unconventional gas developments could ensure Western Australia's energy security and provide significant economic benefits within the decade, Mines and Petroleum Minister Bill Marmion says.
Buru Energy has sold off interests in two petroleum exploration permits in the Canning Basin to Rey Resources and Japan's Mitsubishi Corporation for cash considerations of around $21 million.
In the first of a quarterly series on executive remuneration, we find that listed companies of all sizes have started cutting chief executive salaries but are still designing packages that offer plenty of upside.
Western Australia has an abundance of gas and explorers are looking for more, both offshore and onshore, but there are questions over how much growth the industry can sustain.
A DECADE ago, engineering and construction contractor Monadelphous Group just made it into a listing of the state's 50 largest companies, with a market capitalisaton of $71 million.
The value of Western Australian listed companies dipped by $18.7 billion over the month of May, mirroring the downward pressures on global financial markets, new research says.
Buru Energy's chairman Graham Riley, executive director Eric Streitberg and CEO Tom Streitberg have collectively purchased almost $6 million in company shares.
Less than four months after dropping a takeover proposal for Buru Energy, director Eric Streitberg is set to take the helm of the company as former Western Australian minister Peter Jones joins the board.
Buru Energy has confirmed a takeover proposal by chairman Eric Streitberg, through private vehicle Arenite, has been terminated due to third parties withholding approval.
Shares in Perth-based explorer Buru Energy have been placed in a trading halt amid speculation that a $41 million cash takeover proposal by its chairman, using the company's cash reserves, may be dropped.
PERTH-BASED oil and gas explorer Buru Energy has unveiled a $41 million takeover bid by a company linked to its chairman, which has proposed to fund the offer out of Buru's cash reserves.
Perth-based oil and gas explorer Buru Energy has unveiled a $41 million takeover bid by a company linked to its chairman, which has proposed to fund the offer out of Buru's cash reserves.
Oil and gas explorer Buru Energy says it will defer this year's exploration work at its Canning Basin tenements and reduce employee numbers in response to the current economic climate.
The battle between Oil Basins Ltd and Buru Energy Ltd, a spin-off from the merger of ARC Energy and Australian Worldwide Exploration, has heightened following a force majeure declaration over the Blina Back Reef Play joint venture.
