Chris Ellison tells Norwest shareholders to ignore board
The battle for control of WA’s gas resources has intensified as MinRes appeals directly to shareholders of Norwest.
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The battle for control of WA’s gas resources has intensified as MinRes appeals directly to shareholders of Norwest.
American energy giant Chevron was expected to restart production at its WA gas plant Wheatstone on Tuesday at a fifth of its nameplate capacity, with the state facing a 25 per cent fall in domestic supply and leaning on storage as well as reduced usage.
The takeover battle for onshore gas assets in the Perth Basin comes amid warnings about a shortage in supply in WA, where the mining and downstream processing industries have come to rely on cheap energy.
Billionaire Chris Ellison has cast a big shadow over the takeover battle unfolding over Warrego Energy as he eyes greater control over onshore gas assets in the Perth Basin.
Chris Ellison’s Mineral Resources is talking up its takeover bid for Norwest Energy as Gina Rinehart continues to slug it out with Strike Energy in the battle for Warrego.