News Articles for Empire Oil & Gas

A summary of last week's smaller deals that did not get included in our daily news coverage.

SPECIAL REPORT: Despite a host of deals in the Perth Basin during the past year, proponents are battling issues with red tape.

Mineral Resources has announced a 16 per cent lift in half-year net profit to $163 million, helped by several one-off factors including a big revaluation of its stake in lithium miner Pilbara Minerals, partly offset by impairment charges associated with its Yilgarn iron ore operation.

Mineral Resources has acquired Empire Oil & Gas's Perth Basin assets, including the Red Gully processing plant, just more than a month after the energy junior entered administration.

Local energy producer Empire Oil & Gas has entered voluntary administration today, two weeks after receivers took control of subsidiary Empire Oil, which operates the company's key Perth Basin assets.

Coventry Group has announced the retirement of non-executive director Ken Perry and the appointment of Rod Jackson as chief financial officer.

Updated: Empire Oil & Gas has appointed voluntary administrators to its wholly-owned Empire Oil subsidiary, which controls its core Red Gully assets.

Perth Basin energy player Empire Oil & Gas has placed its ASX-listed securities into suspension after it was unable to restart production at its Red Gully-1 well.

SPECIAL REPORT: Only a small number of oil and gas players in the Perth Basin are moving forward on projects.

Dr Adam Darkins has been appointed non-executive deputy chair of Medibio. Dr Darkins earned widespread US and international recognition for his leadership of telehealth programs at the

Former Canaccord Genuity head of energy Asia Pacific, Angus Walker, has taken over the helm of Perth Basin energy producer Empire Oil & Gas today after the resignation of managing director Ken Aitken.

Dissident shareholders are seeking to shake up the board of Empire Oil & Gas at the energy company's annual general meeting next month.

SPECIAL REPORT: WA's regulatory system is at the top of the hit list for onshore oil and gas juniors seeking to drill tenements in the state.

Mineral Resources has bolstered its new relationship with Empire Oil & Gas, offering a $15.1 million facility to replace a previous deal with Viburnum Capital.

Iron ore miner Mineral Resources has added another string to its bow, taking a 19.3 per cent stake in domestic gas supplier Empire Oil & Gas, a week after the company increased its slice of the Mt Marion lithium project.

Alumina giant Alcoa could be on the cusp of a strong growth period, yet significant challenges remain in its way in ensuring it can keep up with low-cost global competitors.

Domestic gas producer Empire Oil & Gas has reported a 13 per cent lift in half-year revenue on the back of higher plant utilisation, and remained in the black despite the falling oil price.

Despite falling oil prices, projections are showing that local consumers and industry could be paying much more for gas in 10 years' time.

SPECIAL REPORT: The domgas market is going through a period of structural change, but history has lessons for those businesses that know where to look.

SPECIAL REPORT: As the energy construction boom winds down, policy makers must get the settings right to prepare for future investment, while energy players mull the best way to allocate scarce capital.

Perth Basin energy producer Empire Oil & Gas has announced its first profit, on the back of improved operating performance and a strong cost control strategy.

Perth-based company Empire Oil and Gas has announced that it expects to triple its cash sales this financial year as it begins tranche 2 of its gas sales agreement with Alcoa.

Empire Oil & Gas has kicked off a $15.7 million capital raising to fund new drilling at its flagship Red Gully North project and evaluate other projects in the Perth Basin near Gingin.

The price that Empire Oil & Gas will pay, to buy out joint venture partner ERM Power from their Perth Basin assets, has been cut to $15.1 million.

Santos has called on the state government to provide more certainty on its domestic gas reservation and offsets policies, to encourage new investment in ‘domgas' supplies.

Shares in Perth explorer Empire Oil & Gas have surged after the company said it would buy ERM Power's Western Australian gas assets for $16.3 million.

Milton Schmedje has been appointed exploration manager at Empire Oil & Gas.Mr Schmedje was most recently at Tap Oil, and has previously also worked for Ampolex, Origin and AWE.

The entry of two European energy companies into WA will help to bolster activity in the onshore oil and gas sector, which is set for a pick-up after a series of disappointments.

The alignment of chief executive salary packages with market capitalisation has been highlighted in Business News' latest quarterly salary survey.

Empire Oil & Gas has appointed an independent chief executive to lead the business following a board overhaul last year which claimed the scalps of each of its former directors.

The new directors of Empire Oil & Gas have admitted the company's financial position is worse than originally anticipated, with an initial review revealing a raft of performance issues at its flagship Red Gully gas and condensate processing facility.

Stuart Brown has been appointed to the board of Empire Oil & Gas.

Empire Oil & Gas has appointed former Woodside Petroleum executive Stuart Brown to its board as the company's new management looks to recruit experienced directors to guide its future.

Empire Oil & Gas' new management team has taken the company's former directors to court in a bid to recover funds used to bankroll defamation proceedings against Empire shareholders.

FEATURE: A diverse array of privately held and public-listed companies is angling to become the next success story in the onshore oil and gas sector.

ERM Power's Kent Quinlan has been seconded to the role of interim chief executive at Empire Oil & Gas as they look to permanently fill the role in the near future.

Empire Oil and Gas shareholders showed their overwhelming lack of support today towards the company's recently ousted directors by lodging a massive vote against the remuneration report.

Empire Oil & Gas has conceded defeat in its bid to stave off efforts by major shareholder ERM Power to overthrow its board, saying it now believes ERM's proposal is the best way forward for the company.

Empire Oil & Gas says a move by its biggest shareholder ERM Power to replace Empire directors with its own representatives has compromised its relationships with contractors and caused disruption to the business.