Rey Resources holds petroleum lease EP487. It previously owned (via a subsidiary Gulliver Productions) three well sites (West Kora 1, Stokes Bay 1 and Point torment 1) in the tidal floodplain of the globally significant King Sound.
It has now sold this subsidiary and these well sites to an unknown company China Guoxin Investment Holdings for a fraction of their original value. Rey remains in control of EP487 which is an area greater than 5000 km2 and fracking is permitted within this tenement.
Images: Point Torment 1, Stokes Bay 1, West Kora 1 - All three wells are now operated by Gulliver Productions
A History of Environmental Breaches
In 2021 an inspection of the King Sound wells, then owned by Rey Resources, was conducted by the Department of Mines and Petroleum. It identified 44 breaches of environmental licence conditions and recommended the issuing of 7 Directions Notices to the company – which, without explanation, only one was issued.
Images: 1) Stokes Bay - 1 well head without chains to prevent third party access. 2) Oil dripping from Kora tank. Farm tank now removed. 3) Unsecured water bore at Stokes Bay 1. 4) Buried plastic liner at Stokes Bay 1.
The petroleum lease that Rey Resources now holds covers part of the National Heritage listed King Sound.
Environs Kimberley has been calling for the well sites at King Sound to be rehabilitated and the petroleum leases rescinde