AWE has reported more positive drilling results at its half-owned Waitsia gas field near Dongara, which it has previously said could be the biggest onshore gas discovery in WA for 50 years.
Transerv Energy will be upping its interest in the Perth Basin after it inked a farm-in and drilling agreement with Norwest Energy for the offshore Xanadu Prospect, and will buy a 4.7 per cent stake in the junior for $200,000.
Southern Gold has cancelled plans to conduct a capital raising to offshore investors, while Norwest Energy amended the terms of its own raising just hours after it was announced to the market.
Community interest in the controversial practice of fracking has prompted Western Australia's environmental watchdog to issue advice on how it will assess shale and tight gas proposals.
The entry of two European energy companies into WA will help to bolster activity in the onshore oil and gas sector, which is set for a pick-up after a series of disappointments.
Western Australia has an abundance of gas and explorers are looking for more, both offshore and onshore, but there are questions over how much growth the industry can sustain.
