Andrew Forrest made his fortune in iron ore, but has now made a move into onshore oil and gas. Photo: Attila Csaszar

Forrest in Canning Basin exploration move

Mining entrepreneur Andrew Forrest has made a move into onshore oil and gas, with Squadron Resources, a subsidiary of his Minderoo Group, to explore and develop the Canning Basin in an 80:20 venture with privately owned Goshawk Energy.


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2nd-Roy Hill Holdings$5.16bn
3rd-BGC Australia$1.97bn
4th↑Minderoo Group$1.55bn
5th↓Wilson Parking$1.16bn
123 private companies - large ranked by revenue most recent financial year