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FTSE 100 languishes as UK investors envy Tesla Inc excitement stateside
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FTSE 100 gives ground with AVEVA Group PLC and Whitbread PLC leading the retreat
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Proactive news headlines including Horizon Minerals, archTIS, Cirralto, MGC Pharmaceuticals and Buru Energy
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REY Resources (ASX:REY) share price flat despite Origin deal
Lucas Radbourne | April 26, 2021 5:02pm |
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REY Resources Limited(ASX: REY) share price remains flat today despite the company releasing its quarterly activities report, highlighting a new deal with
The REY Resources share price is 27 cents and hasn’t moved a cent for the past week.
REY Resources is an exploring and developing energy resources company. It operates in two segments, mineral exploration and development and petroleum exploration in Western Australia. REY is currently focused on developing its oil and gas interests in the Canning and Perth Basins.
REY Resources and Origin Energy’s deal
New Standard Energy, ConocoPhillips to develop Australian project
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3 October 2011
New Standard Energy has signed a binding farm-out agreement with ConocoPhillips to explore and evaluate the shale gas potential of the Goldwyer project in Canning Basin, Western Australia.
Under the terms of the agreement, ConocoPhillips will earn and retain a 75% interest in the Goldwyer project by providing $109.5m over four phases.
Under the first phase, ConocoPhillips will fund 100% of the costs to drill, log, core and suspend three vertical wells, complete detailed core lab analysis of the cores from each well and undertake formation evaluation tests.
On completion of the first phase of drilling programme, ConocoPhillips will have the right to assume operatorship of the Goldwyer project at its election.