DRILLING

Juniors get uplift from activity

There was a lot of activity at the budget end of the market this week. The news that Yellowbank Creek-4 in the Surat Basin was to be capped and suspended as a potential oil producer saw the previously comatose Longreach Gold Oil Ltd’s shares surge by 66.7% to reach 3.5 cents. Longreach has a 22% share in Brisbane Petroleum NL, which in turn has a 25% stake in Yellowbank-4.

The major partner in Yellowbank-4 – Enterprise Energy – also had a wild ride, hitting a high of 40 cents at one point before dropping back to 28 cents. After being lost in the woods for quite some months,...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now
MORE ON THIS TOPIC

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry

editions

ENB Social Licence Report 2021

In its second year, this research now includes trends and new findings surrounding impacts and responses as the energy industry seeks to secure and maintain a social licence to operate.