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The Red Gully facility is now to be controlled by MinRes.

MinRes swoops on Empire assets

Mineral Resources has acquired Empire Oil & Gas’s Perth Basin assets, including the Red Gully processing plant, just more than a month after the energy junior entered administration.

The Red Gully asset has capacity to produce around 10 terajoules of gas per day, about 1 per cent of Western Australia’s domestic use.

But Empire hit trouble with the Red Gully-1 well in August, when the company was unable to restart gas flow after a production test.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 31/10/17

1 year TSR5 year TSR
167thMineral Resources57%20%
218thSouth3237%0%
242ndAtlas Iron31%-58%
258thNorthern Star Resources28%36%
345thWoodside Petroleum13%3%
726 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

20/09/17
$118k Bought
28/08/17
$0 Bought
16/08/17
$0 Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

2nd↑South32$9,392.9m
3rd-Woodside Petroleum$5,715.9m
4th-Mineral Resources$1,470.4m
5th↑Atlas Iron$896.6m
6th↓Northern Star Resources$850.6m
491 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Mineral Resources

11thChris Ellison$2.918m
25thBruce Goulds$1.543m
35thBob Gavranich$1.323m
Ranked by total remuneration from all listed WA companies

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