This month's Subscriber News features Chubb Insurance Australia Limited, RAC Finance, Triangle Energy Global Ltd, Boyd Metal Industries and GRD Franmarine Operations.
14 Year Subscriber
Chubb Insurance Australia Limited
Chubb is the world’s largest publicly traded property and casualty insurer. The Chubb name has been present in Australia for over 50 years. Its operations in Australia (ACE Insurance Limited and Chubb Insurance Company of Australia Limited) provide specialised and customised coverages include Marine, Property, Mobile Plant & Equipment, Liability, Energy, Professional Indemnity, High Net Worth Home Insurance, Directors & Officers, Financial Lines, Utilities as well as Accident & Health, for a broad client base, including many of the country’s largest companies.
More information can be found at www.chubb.com/au.
1 Year Subscriber
www.rac.com.au/propertyfinance
RAC Finance offers a variety of competitive finance products ranging from car and personal loans, investment notes and property development finance.
RAC Property Finance has been supporting local WA property developers and owner builders for over 20 years. We offer funding up to $7.5 million, no pre-sale requirements and can process progress claims within 48 hours. To find out more call 6150 6249 or visit rac.com.au/propertyfinance
1 Year Subscriber
GRD Franmarine Operations
GRD-Franmarine is a Western Australian based technology company expanding international licenses and services to the maritime industry. GRD-Franmarine owns all licenses and patents associated with a revolutionary in water hull cleaning technology called the “Envirocart”.
The Envirocart System is the first to gain approval from both Fremantle Port Authority and Department of Environmental Regulations to operate in-water hull cleaning in Fremantle waters. Final trial cleans are proposed for July/August with first commercial cleans thereafter.
1 Year Subscriber
Triangle Energy (Global) Ltd is an ASX listed (ASX:TEG) oil and gas producer and explorer based in Perth, Western Australia. The company has a 78.75% interest in, and is operator of, the producing Cliff Head Oil Field Cliff Head), which includes the onshore Arrowsmith stabilisation processing plant, located in the Perth Basin. It also has an operating interest in the Reids Dome gas production licence in Queensland and has a number of highly prospective exploration programs. The company continues to assess joint venture and acquisition prospects to expand its portfolio of assets.
In May 2017, Triangle became operator of Cliff Head, located in the Perth Basin, and increased its stake to 78.75% in the project. This followed the purchase of Roc Oil (WA) Pty Ltd, which held the operating 42.5% of Cliff Head, from Roc Oil Company Ltd (Roc), a subsidiary of Fosun International Ltd.
Triangle purchased Roc’s 42.5% via a 50/50 share purchase agreement with Royal Energy Pty Ltd. Triangle now holds a 78.75% interest in Cliff Head and is the operator, with Royal Energy holding a 21.25% interest.
The acquisition of Cliff Head, in partnership with Royal, provides Triangle with a cash flow generating operation, strong production rates, exploration opportunities and the capacity to service third party crude in the highly prospective and underexplored Perth Basin.
New Subscriber
Boyd Metal Industries
Sukatoni No 1 Pty Ltd is proud to announce it has completed the purchase of Boyd Metal Industries and Simcraft Products. We thank our customers and suppliers for their ongoing support and look forward to the continued strengthening of our trading relationships.
Boyd Metal Industries and Simcraft Products are proudly WA-owned and operated businesses based in Welshpool. Boyd specialises in steel processing and fabrication, while Simcraft offers a wide range of stainless steel products and custom stainless steel solutions.
Contact us on 9451 7277 or quotes@boydmetal.com.au
