Rey Resources Limited (“Rey”) is an ASX-listed company (ASX.REY) focused on exploring and developing energy resources in Western Australia’s Canning and Perth Basins.
Rey holds a 25 % beneficial interest, including a 10% free carry interest, in two highly prospective Canning Basin petroleum exploration licences EP457 and EP458 ( “the Fitzroy Blocks”) located to the south east of the Ungani oil field.
Rey also holds 50% participating interest in, and is operator of EP487 (” the Derby Block”) which is considered prospective for unconventional gas accumulations. In March 2017, Rey agreed to acquire the outstanding 50% interest the Derby Block and, upon completion, Rey will hold 100% of the permit.
In 2014 Rey acquired a 43.47% interest in the North Perth Basin petroleum exploration licence EP437 by funding the drilling of the Dunnart-2 well. Other prospects in EP437 are being evaluated with a view to drilling.
Rey also holds thermal coal exploration tenements in the Fitzroy Trough in the Canning Basin and continues to progress regulatory approvals for the Duchess Paradise Coal Project located in these tenements.