Onshore investment

PUBLIC mining investment vehicle, Australian Heritage Group Limited is to acquire 31.55 per cent of Australia’s largest undeveloped onshore gas field, situated 215 kilometres south of Perth.

A special purpose subsidiary, Whicher Range Gasfields Limited, has been formed to purchase the 150sqm field, 21 kilometres south of Busselton, containing an estimated 3.7 trillion cubic feet of gas – making it the single largest undeveloped onshore gas reserve in Australia.

The field was discovered in 1969 by Union Oil Development Corporation and, despite encouraging cumulative flow rates of five million cubic feet per day, has remained undeveloped because of production problems.

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