Roc Oil

West Perth-based gas explorer Westralian Gas and Power Ltd will allow Sydney-based ROC Oil to explore and drill two wells in the Vlaming Sub-basin, between Rottnest and Mandurah, in a deal worth $37 million.

It is not that Perth dealmakers are joining the dole queues, they have just had a little more time on their hands recently.

Collapsed engineering firm Forge Group’s old premises in West Perth have firmed as a likely landing spot for automotive parts buying group Capricorn Society, which is looking to consolidate its office requirements into one location.

Perth-based oil and gas company Tap Oil has launched a strategic review process that includes the possible sale of the business, after one of its substantial shareholders proposed a board shake-up.

Oil and gas company AWE has sold its stake in the Cliff Head offshore oil project to Elixir Petroleum, for an upfront payment of $1 million.

Oil and gas company AWE has found a new buyer for its majority stake in the Cliff Head offshore oil project, after Elixir Petroleum was unable to complete a previously announced deal.

A joint venture between Cottesloe-based Triangle Energy Global and Royal Energy has taken full ownership of the Cliff Head offshore oil project in the Perth Basin after buying out previous stakeholder Roc Oil for $US3.75 million ($A5 million).