Santos boosts coal gas assets in $600m deal

The Sunday Age I By: Richard Webb I P20 (Copyright 2005 Fairfax Media Publications Pty. Limited All Rights Reserved) ENERGY giant Santos will splash out $US446 million ($A593 million) on loss-making US-listed Tipperary Corp to substantially boost its coal-seam gas assets in Australia, Tipperary said on Friday night.

Santos and Origin eye Tipperary

The Australian Financial Review I By: Stephen Wisenthall I P14 (Copyright 2005 Fairfax Media Publications Pty. Limited All Rights Reserved) Some of Australia’s biggest energy companies are circling US-listed coal-seam gas producer Tipperary Corp, whose main assets are in Queensland, after its majority owner put the company on the market.

For MacBank, methane is a gas, gas, gas

The Australian Financial Review I By: Stephen Wisenthall I P18 (Copyright 2002 Fairfax Media Publications Pty. Limited All Rights Reserved) Macquarie Bank’s venture capital arm has joined the race to develop coal-seam methane gas in Queensland, where the fuel is already emerging as a rival to conventional natural gas supplies.The bank owns 90 per cent of CH4 Pty Ltd, which has a joint venture with BHP Billiton to develop methane locked in coal seams over an exploration lease covering more than 8,000 square kilometres of the northern Bowen Basin.

Diamond fever triggers frenetic pegging activity

The Australian Financial Review I By: Bruce Hextail I P53 (Copyright 2002 Fairfax Media Publications Pty. Limited All Rights Reserved) The annual diamond hunting season in the Northern Territory will be starting up as soon as weather permits.
This year enthusiasm is greater than ever thanks to the availability of new aeromagnetic data which has sparked frenetic pegging activity across much of the territory.

Origin decries margin crawl

The Australian I By: Nigel Wilson I P18 (Copyright 2002 Nationwide News Pty Limited) INTEGRATED energy provider Origin Energy, the listed spin-off from Boral, has posted a 10.4 per cent interim profits gain of $54.7 million.