Cameron Drummond

Cassini Resources has resolved a share sale agreement to acquire 75 per cent of Crossbow Resources, the 100 per cent owner of the West Arunta X17 project in the Gibson Desert.

Perth-based oil explorer Oilex has announced it has secured a $13.5 million three year equity financing facility with UK-based Darwin Strategic, for drilling at its Cambay onshore oil joint venture project in Gujarat, India.

Tangiers Petroleum is to acquire Jacka Resources via a friendly off-market takeover bid, combining to create an Africa-focused upstream oil and gas company valued at about $80 million.

South Perth company Brighton Mining Group has announced plans to acquire Indonesian manganese miner Asia Minerals Corporation, which is led by Perth mining entrepreneur Michael Kiernan and counts another South Perth company, Gulf Mines, as a substantial shareholder.

Austal has agreed to sell its former satellite service base at Henderson to AME Offshore Solutions for $21 million, with the proceeds being used to reduce debt.

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.

Decmil has been awarded a $37.5 million contract for the design and construction of diesel fuel infrastructure at Hancock Prospecting's Roy Hill project in the Pilbara.

Doray Minerals has officially opened its Andy Well gold project in the northern Murchison region, at a ceremony hosted by mines and petroleum minister Bill Marmion.

Sino Gas & Energy has taken advantage of a strong rally in its share price, reaching an agreement to raise $53 million at 20 cents per share, to progress development of its coal seam gas assets in China’s Ordos Basin.