News Articles

Bulls N' Bears 25 Apr 2017

LWP Technologies lodge second US patent for oil and gas ‘proppant’

LWP Technologies has moved to safeguard its game changing fly-ash-based proppant technology for oil and gas producers by lodging a second patent in the US. Proppants are often the single largest cost item in the fracking of an oil and gas well. They lodge in the tiny fractures created during the operation in order to keep the fracture open to facilitate the flow of oil and gas.

Appointments 25 Aug 2014

New directors at Coretrack

Coretrack has appointed Siegfried Konig as executive director and David Henson as a non-executive director, following completion of the acquisition of Ecopropp.

Mining 13 Aug 2014

Coretrack signs licence agreement for CLRS

Oil and gas firm Coretrack has signed a licence agreement with Specialised Oilfield Services for its core level recorder system technology, which will give SOS exclusive rights to develop, operate, manufacture and sub-license the technology.

Mining 07 Aug 2014

Coretrack wins legal dispute

Oil and gas technology company Coretrack has secured ownership of a high-tech drilling rig after a legal battle with intellectual property licensor Strange Investments.

Energy 16 Jul 2014

Coretrack, Latin raise capital

Two months after acquiring fraccing technology developer Ecopropp, energy company Coretrack has completed a successful raising of $2 million to advance the new business.

Mining 20 Jun 2014

Birney gives props to US shale

Former Liberal Party leader Matt Birney is hoping ASX-listed Coretrack can become a player in the US unconventional oil and gas industry.

$Coretrack to buy fraccing technology firm$ Deals 12 May 2014

Coretrack to buy fraccing technology firm

Perth-based oil and gas services company Coretrack has signed a deal to acquire unlisted fraccing technology developer Ecopropp in an all-scrip transaction worth about $17 million.

Government 12 Nov 2013

Ripper joins lobbyists

Another former high-profile politician has found employment in the business world.

Mining 25 Jan 2013

Coretrack board defeats spill

The board of Perth-based drilling technology group Coretrack has defeated a spill motion against it, with more than 80 per cent of votes cast in support of the board despite an ongoing intellectual

23 Nov 2011

CalEnergy targets SW

AN energy player backed by Warren Buffett's investment company Berkshire Hathaway has become the latest to tackle the tight gas reserves at Whicher Range near Busselton, hoping to succeed where man

08 Sep 2011

Coretrack wins Newcrest drilling job

Perth-based drilling technology company Coretrack has signed a $2 million-plus rig services contract with Newcrest Mining for use of its GT3000 drill rig.

01 Aug 2011

van 't Riet ousted as Coretrack CEO

Coretrack chief executive Nanne van ‘t Riet has been told his services are “no longer required” and he will relinquish control of the drilling technology company immediately.

13 Apr 2011

Coretrack raises $10 million for GT3000

Drilling technology firm Coretrack says its $8 million capital raising was heavily oversubscribed, resulting in the company taking an extra $2 million in subscriptions.

11 Oct 2010

Coretrack changes, plans capital raising

Specialist drilling company Coretrack has announced a number of changes to the company to create savings of $1 million and plans for a $2.67 million capital raising.

27 Aug 2010

Matt Birney joins Coretrack board

Specialist drilling company Coretrack has appointed former Liberal Opposition Leader Matt Birney as independent non-executive chairman.

Special Reports 12 Aug 2010

Investors holding all the cards as state’s innovation sector plays patience

Time is money, but research takes time. It's the paradox facing innovative entrepreneurs across the state attempting to source capital to commercialise their ideas.

Special Reports 12 Aug 2010

Sector struggling with lack of certainty

MORE than two years after the federal government axed its Commercial Ready program, the innovation sector is still waiting for stability and certainty of government support.

17 Jun 2010

Coretrack director tops up holding

EXECUTIVE director of specialist drilling company Coretrack, Warren Strange, has steadily increased his stake in the company over the past three months to become its largest shareholder.

17 Jun 2010

Directors' Interests

Specialist drilling company Coretrack's new largest share holder is its executive director Warren Strange.

16 Feb 2010

Coretrack gets protection for Globe deal

Drilling specialist Coretrack has signed an indemnity agreement with private Kalgoorlie outfit Globe Drill after it learned that its takeover target was involved in legal action.

18 Jan 2010

Coretrack to acquire Globe Drill

Drilling specialist Coretrack says it will raise $10 million to boost working capital as it executes plans to acquire private Kalgoorlie outfit Globe Drill.

Energy 31 Jul 2009

Imdex terminates $28m Coretrack merger

Mining services company Imdex has terminated a $28 million merger with drilling specialist Coretrack after due diligence did not meet expectations.

Government 21 Jul 2009

Imdex, Coretrack in $28.4m merger deal

Mining services company Imdex and drilling specialist Coretrack have agreed to a $28.4 million merger that will create an entity focused on the burgeoning oil and gas sector.

Energy 08 Jul 2009

Coretrack on M&A path

East Perth-based Coretrack has flagged its intention to assess potential merger and acquisition opportunities as part of plans to increase the company's presence in the global energy sector.

Government 07 Apr 2009

Coretrack extends Halliburton venture

East Perth-based Coretrack has teamed up with two international petroleum companies, Halliburton/DBA and Baker Hughes INTEQ, to advance its "intelligent" core-drilling technology for the oil and gas industry.

09 Dec 2008

Coretrack completes capital raising

East Perth-based Coretrack has successfully completed a $500,000 share placement with funds to help develop its core level recorder tool.

Energy 21 Oct 2008

Coretrack, Apache in Reindeer deal

Perth-based Coretrack Ltd has signed an agreement with Apache Energy Ltd to supply its core level recorder tool and associated services to the oil and gas company's Reindeer 2 well located in the North West Shelf.

04 Sep 2007

Coretrack signs testing deal with Halliburton subsidiary

Perth-based Coretrack Ltd has entered into a six-month commercial testing agreement for its core level indicator recorder unit with Halliburton subsidiary Security DBS Drill Bits, the company has announced.

27 Aug 2007

Coretrack secures $1.3m Commercial Ready grant

Perth-based Coretrack Ltd has been offered an AusIndustry Commercial Ready Grant of $1.3 million over a period of 2 years to help it commercialise its Core Level Indicator System, the company has announced.

11 Jul 2006

Coretrack drills for more support

Perth company Coretrack Ltd has launched a public share offer to raise just more than $2.2 million to support the development of a new technology designed to improve the efficiency of oil and gas exploration.

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