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Empire's Red Gully facility, which produces 10 terajoules of gas per day. Photo: Attila Csaszar

Empire production assets under receivership

Updated: Empire Oil & Gas has appointed voluntary administrators to its wholly-owned Empire Oil subsidiary, which controls its core Red Gully assets.

Andrew Smith, Peter McCluskey and Martin Jones were appointed the voluntary administrators.

The Empire Oil & Gas subsidiary that controls its core Red Gully assets is in the hands of receivers after Mineral Resources last night sent the gas producer a default notice.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/08/17

1 year TSR5 year TSR
332ndAltura Mining7%2%
497thCougar Metals-19%-18%
669thRed Mountain Mining-46%-62%
711thTyranna Resources-54%-42%
753rdEmpire Oil & Gas-66%-37%
717 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

14/12/15
$25k Issued
14/12/15
$25k Issued
10/11/15
$75k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

49th↑Empire Oil & Gas$20.0m
90th↓Altura Mining$2.5m
91st↑Red Mountain Mining$2.4m
93rd↓Tyranna Resources$2.3m
95th↓Cougar Metals$2.2m
490 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Empire Oil & Gas

980thTony Iannello$125k
1076thStuart Brown$100k
1077thPhilip Garratt$100k
Ranked by total remuneration from all listed WA companies

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