Archive for October, 2014
About 10 people have occupied the Perth headquarters of Buru Energy over concerns about fracking, protestors say.
Police arrived this morning after the protestors refused to leave the company’s second-floor offices in the CBD.
Organiser Jaime Farrant said the group was protesting against fracking in Western Australia’s Kimberley region.
The West Australian
Buru gets hands on gas with Yakka Munga deal
Oil and gas explorer Buru Energy has paid millions of dollars to secure a prized cattle station which covers 189,000ha in the heart of the Kimberley.
Buru trumped five other bidders to purchase Yakka Munga and in doing so strengthened its access to oil and gas in the shale-rich Canning Basin.
ConocoPhillips has joined the throng of resources giants pulling out of long-dated exploration plays, yesterday ending ambitions to discover oil and gas in Kimberley shales.
The US giant’s decision, with partner PetroChina, to withdraw hands back outright ownership of the shale-prospective Canning Basin acreage to junior New Standard Energy.