MinRes conquers Empire

CHRIS Ellison’s Mineral Resources is now a direct player in the oil and gas game, after it exercised its right to procure the shut-in Red Gully gas-condensate field and all of the assets of failed junior Empire Oil & Gas.

MinRes conquers Empire MinRes conquers Empire MinRes conquers Empire MinRes conquers Empire MinRes conquers Empire

MinRes backed Empire in mid-2016, becoming one of a handful of hard rock players willing to dabble in the oil and gas space, spending A$8.62 million to buy out ERM Power, and guaranteeing a $15.