Kevin Wilson

Rey Resources has reached agreement to sell its Duchess Paradise coal project in the Canning Basin to its Hong Kong-based major shareholder for $21 million.

As Business News' Rising Stars search draws to a close, the founder of a contracting company that expanded through the GFC, but had a “disastrous” last financial year and more recently lost $1 million through its dealings with Forge Group, is pursuing growth again with a new strategy.

The entry of two European energy companies into WA will help to bolster activity in the onshore oil and gas sector, which is set for a pick-up after a series of disappointments.

Gary Johnson has been appointed non-executive chair of Platypus Minerals following the company’s acquisition of Lepidico, where he held the position of chair. He replaces the outgoing Platypus chair Laurie Ziatas, who has also resigned as non-executive director.