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The well feeds the Red Gully processing facility.

Well problems lead to Empire suspension

Perth Basin energy player Empire Oil & Gas has placed its ASX-listed securities into suspension after it was unable to restart production at its Red Gully-1 well.

The company has flagged it will be likely to make an announcement about a solution within the next two weeks.

The well feeds the Red Gully processing plant, which has a capacity of up to 10 terajoules per day and produces about 1 per cent of the state’s domestic natural gas use.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/10/17

1 year TSR5 year TSR
463rdRox Resources-6%-1%
727thPeninsula Energy-51%-27%
749thEmpire Oil & Gas-59%-39%
792ndSamson Oil & Gas-72%-43%
726 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

47th↑Peninsula Energy$23.8m
48th↑Kingsrose Mining$21.7m
49th↑Empire Oil & Gas$20.0m
50th↑Samson Oil & Gas$19.8m
51st↑Rox Resources$17.1m
491 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Empire Oil & Gas

942ndTony Iannello$125k
1039thStuart Brown$100k
1040thPhilip Garratt$100k
Ranked by total remuneration from all listed WA companies

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