Verona Capital

A FEW big players have dominated the agribusiness investment market in Australia but Rewards Group has defied the odds to carve a successful niche.

Perth-based consortium Hercules Energy Pty Ltd has emerged as a key player in the junior energy sector, selling its Vulcan Geothermal Pty Ltd assets to Green Rock Energy Ltd today and revealed as the power behind new IPO WildHorse Energy Ltd.

While exploration expenditure in Western Australia reaches new highs, exploration spending from WA junior to mid-cap explorers remains mixed between domestic, interstate and overseas projects.

It’s the kind of story that would be big news in so many places. A couple of boffins come together with a pair of money men, see a gap in the market, and set up a business.

Senegal-focused gold explorer Erin Resources has established a new board of directors, with Brett Mitchell appointed chairman and Nick Poll recruited as managing director.Mr Poll’s predecessor Grant Davey remains on the board as a non-executive director.

FEATURE: A diverse array of privately held and public-listed companies is angling to become the next success story in the onshore oil and gas sector.