The Aboriginal community that was at the centre of a major land rights dispute, sparked by oil exploration at a remote Kimberley cattle station in the early 1980s, has announced its support for a gas 'fracking' program planned by Perth company Buru Energy.
The battle between Oil Basins Ltd and Buru Energy Ltd, a spin-off from the merger of ARC Energy and Australian Worldwide Exploration, has heightened following a force majeure declaration over the Blina Back Reef Play joint venture.
Shares in West Perth-based ARC Energy Ltd will be suspended from trading at the close of business today after the Federal Court approved its merger with Australian Worldwide Exploration Ltd.
West Perth-based ARC Energy has hit back at claims that it breached a confidentiality agreement after it received a writ from Oil Basins Ltd late last week.
Aspiring power generation company Aviva Corporation and ARC Energy have agreed to partner up to study the potential for sequestration of carbon dioxide in depleted oil and gas reservoirs in the North Perth Basin.
An independent expert's report by Deloitte Corporate Finance has concluded that Arc Australia Ltd's proposed acquisition of Anzon Australia Ltd is fair and reasonable.
Clive Palmer's Mineralogy Pty Ltd has withdrawn its challenge to Arc Energy Ltd, but the Perth-based company will still be required to proceed with a shareholders' meeting requisitioned by the Queensland-based investor.
ARC Energy is standing by its plan to pursue a $1.1 billion merger with Anzon Australia Ltd despite attempts by one of its biggest shareholders, Clive Palmer's Mineralogy Pty Ltd, to oust the current board and scrap the merger.
ARC Energy Ltd has negotiated deals to buy oil producer Anzon Australia Ltd and its UK parent company Anzon Energy Ltd, creating a merged group with a market value of about $1.1 billion.
Oil and gas producers ARC Energy Ltd and Anzon Australia Ltd have announced they are negotiating the final terms of a merger that would create a $1.1 billion energy group.
West Perth-based petroleum explorer ARC Energy Ltd will acquire interests in five Canning Basin blocks held by unlisted company New Standard Exploration Pty Ltd in a scrip deal with the company.
West Perth-based petroleum explorer ARC Energy Ltd has received a $40 million prepayment from Alcoa Australia after signing a gas sales agreement for the delivery of up to 500 petajoules of gas from future discoveries, the company has announced.
West Perth-based petroleum explorer ARC Energy Ltd has signed a heritage agreement with the Noonkanbah people which provides for oil and gas exploration on their land.
West Perth-based petroleum explorer ARC Energy Ltd will farmin to two Canning Basin permits owned by Nedlands-based oil and gas explorer Empire Oil & Gas NL after completing two geophysical surveys.
West Perth-based oil and gas producer Arc Energy Ltd has formed an alliance with Hong Kong's Energy World Corporation to develop an LNG business that would commercialise gas deposits in the Canning Basin to supply the domestic Western Australian market.
West Perth-based petroleum explorer ARC Energy Ltd's plans to acquire the Wandoo Petroleum Pty Ltd Australian portfolio for $380 million have suffered a setback, with Canada-based Vermilion Oil & Gas exercising its pre-emptive rights to a major asset
West Perth-based petroleum explorer ARC Energy Ltd will acquire Toronto Stock Exchange-listed Golden Dynasty Resources Ltd subsidiary Terratek Drilling Tools Pty Ltd for $2.8 million and a 2 per cent royalty on the company's oil holdings.
Arc Energy Ltd has significantly expanded its exploration base by acquiring major exploration areas in the on-shore Canning Basin in north west Western Australia.
ARC Energy Ltd 11-Aug-05 Mathews Capital Partners increased its relevant interest from 9,854,904 ordinary shares (5.06%) to 12,214,917 ordinary shares (6.21%).
WHILE much of the talk surrounding Tap Oil's attempt to merge with Arc Energy centres on the companies' potential future, merged or otherwise, some of the history behind the bid is just as interesting.
