Investor Media

Other Media

11-Oct-2016
Rey Resources raises funds for oil, gas exploration
Rey Resources Ltd has raised $1 million via a private placement to Neway Energy International Limited, at an issue price of $0.015 per share. The funds will be used for further exploration of the company’s oil and gas assets and general working capital. Rey holds a 50% participating interest in, and is the operator of, the Derby Block exploration permit at the Canning Basin in the northwest of Western Australia. The Derby Block is considered to be predominantly a Wet Laurel Basin Centred Gas (BCG) play, which is regionally extensive throughout the Canning Basin.
A new resource estimate of the BCG play at Derby Block was released in January 2016. Rey’s share of the gross prospective potential recoverable resource at Derby Block is 6634 million barrels oil equivalent.

Source: www.proactiveinvestors.com.au

02-Jan-2015
Rey Resources acquiring stake in Canning Basin oil and gas licence
Rey Resources is proceeding with the acquisition of a 50% in petroleum exploration licence EP487 (Derby Block) in the Canning Basin, Western Australia, from Backreef Oil. This follows the expiration of an existing agreement for Backreef to sell the Derby Block to Buru Energy. The Derby Block covers 5,000 square kilometres and is considered to be prospective for hydrocarbons. It has held equally by Backreef and Oil Basins. Rey is acquiring Backreef’s interest for either $2 million at on grant of a Production Licence, or a 2% royalty on future production.

Source: www.proactiveinvestors.com.au

02-Oct-2014
Rey Resources, Key Petroleum to test Perth Basin oil well
Rey Resources and Key Petroleum have agreed to production test the Dunnart-2 exploration well in the onshore Perth basin, Western Australia. Oil shows over a 20 metre interval were observed during the wellsite evaluation while preliminary interpretations from wireline formation data indicate that there is a minimum 5 metres of good quality oil-bearing reservoir sand at the top of the Bookara sequence. Operator Key noted that it was likely that an invasion of drilling fluids occurred during testing of the well, resulting in a mixed recovery of mud filtrate, formation water and oil emulsion during wireline sampling operations. It is now re-mapping EP437 in light of Dunnart-2 results to rank prospects for a proposed three well drilling program. The operator is now in discussions with parties for further exploration and development activities. Rey and Key each hold 43.47% in EP437, which covers 400,000 acres. The remaining 13.06% is held by Caracal Exploration.

Source: www.proactiveinvestors.com.au

13-Jun-2014
Rey Resources secures approval to farm-in to North Perth Basin
Rey Resources has received Foreign Investment Review Board approval to farm-in to Key Petroleum’s Exploration Permit EP437 in the North Perth Basin, Western Australia. It will earn up to 43.47% in EP437 by contributing to 86.94% of the costs of drilling the Dunnart-2 exploration well to a cap of $1.7 million. Operator Key has already formalised a Land Access Agreement and executed a drilling contract for Drilling Contractors of Australia’s Rig 7 to drill the well. Commencement of operations will begin over the next few days with surveying of the well location followed by civil earthworks for the construction of the drill pad. The Dunnart Prospect is a structural closure against a fault and is defined by seven seismic dip lines and one strike line. It has Best Estimate Prospective Resources of 2 million barrels of oil. The well is located up-dip from the historic Dunnart-1 well, with a planned drilling depth of 670 metres. ASF Group has a 19.9% stake in Key and 20.5% in Rey.

Source: www.proactiveinvestors.com.au

13-Feb-2014
Rey Resources, Buru Energy find drillable oil targets in the Canning Basin
Rey Resources and operator Buru Energy have identified a number of drillable Ungani-style targets from a recent 2D seismic survey over their Fitzroy Blocks in the onshore Canning Basin, Western Australia. Notably, Buru has this month sold its first shipment of oil from the Ungani oil field. The 234 line kilometre survey over the Ungani Trend in EP 457 found a number of targets that appear to be analogous to the Ungani discoveries made by Buru/Mitsubishi Corporation about 10 to 15 kilometres to the northwest. At least one of these targets will be proposed to the joint venture for drilling later in 2014. Further seismic work will be proposed for other prospects and leads on the Ungani Trend in EP457 and EP458 – the Fitzroy Blocks – during 2014. Rey has a 25% interest (including a 10% free carry to production) in the joint venture. Buru has a 37.5% interest while Mitsubishi holds the remaining 37.5% stake.

Source: www.proactiveinvestors.com.au

03-Dec-2013
Rey Resources buying back shares, sees higher value in Canning basin oil assets
Rey Resources should trade firmer after revealing it is implementing an on-market buyback of company shares as part of ongoing capital management strategy.
The buyback for up to 10% of its issued capital will be conducted by Taylor Collison over a period of 12 months.
Rey believes the current share price does not reflect the strong underlying cash position and value within its 25% owned Canning Basin oil and gas assets, jointly operated with Buru Energy. Given the buy back will reduce the number of shares on issue, the initiative should be positive toward tightening the share register and a platform for higher share prices upon exploration success.

Source: www.proactiveinvestors.com.au

25-Nov-2013
Rey Resources, Buru Energy acquire 2D seismic over onshore Canning Basin oil block
Rey Resources and Buru Energy have acquired 234 line kilometres of 2D seismic over the Ungani Trend in EP457 of the onshore Canning Basin, Western Australia.
This, and a regional airborne gravity survey that is expected to be completed in early December, will be used to help select conventional oil targets along the Ungani Trend in the Fitzroy Blocks.
The first such well is expected to be drilled in the second quarter of 2014. A 2D survey is scheduled for the adjacent EP 458 in 2014. The two Fitzroy Blocks are located in southern flank of the Fitzroy Graben and cover parts of the prospective Ungani Trend where Buru had made a conventional dolomite reservoir oil discovery in 2011 at Ungani about 15 kilometres northwest of EP 457.
It also covers the Laurel Formation where tight gas plays are present; and the Goldwyer Shale thought to be in the oil to wet gas window at this location. Depending on the results of the seismic survey, up to four wells are expected to be drilled in 2014 on the Ungani Trend, at least two of which will be within the Fitzroy Blocks. Rey has a 25% interest in the two permits – including 10% free carried to production. Buru is the operator with a 37.5% stake while the remaining 37.5% is held by Mitsubishi Corporation. ASF Group has a 19.89% interest in Rey Resources.

Source: www.proactiveinvestors.com.au

28-Oct-2013
Next Junior Explorer in WA’s Canning Super-basin
Who is the Mystery Third Man? We Reveal the Next Junior Explorer in WA’s Canning Super-basin…
WANTED: The mystery third man
Recently sighted in the Canning Basin, Western Australia. A $40 million small cap oil and gas exploration company with an interest in two highly lucrative blocks, quietly celebrating a massive oil discovery, in the block right next door…

Source: www.nextoilrush.com

20-Jun-2013
Rey Resources: Oil and Gas Gear Shift
Coal explorer and developer Rey Resources is diversifying its energy assets in Western Australia’s Canning Basin to focus on two highly prospective oil & gas permits in the area.

Source: www.australianbusinessjournal.com.au

9-Jun-2013
Shale could spark new boom in WA
WA’s shale gas potential is “quite amazing” and could spark the next great resources boom, says the head of the state’s Department of Mines and Petroleum. Director-General Richard Sellers is excited over the untapped gas riches beneath the Kimberley in the vast Canning Superbasin.

Source: www.perthnow.com.au

18-Mar-2013
ASF Group associate Rey Resources ups interest in Canning
ASF Group associate Rey Resources ups interest in Canning Superbasin ASF Group ( ASX: AFA ) assocaite company Rey Resources (ASX: REY) has acquired an additional 15% stake in two Petroleum Exploration Permits in the Canning Superbasin Western Australia from Buru Energy (ASX: BRU) for $6 million.

Source: topequitynews.com