EXPLORATION

Transerv heads back to Canada

HAVING lost out in its bid to take control of Origin Energy’s Perth Basin assets, Transerv Energy is returning to the Canadian oil and gas patch just 18 months after it quit the nation amid the worst of the oil price rout.

Plant at Transerv's asset in Alberta.

Plant at Transerv's asset in Alberta.

The company has licked its wounds in the Perth Basin following Origin Energy's cancelled sales process - a costly exercise for Transerv - and said it has almost $10 million in the bank that it can deploy...

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