OIL

Low-key Timor Sea operator steps into spotlight

WITH the long awaited Magnolia-1 wildcat in the Vulcan Sub-basin of the Timor Sea now scheduled for drilling in November, its worth looking at the low-profile but intriguing activities of private company Coogee Resources Pty Ltd in that region.

Coogee, a wholly-owned subsidiary of Kwinana-based Coogee Chemicals Pty Ltd, is operator of the Ashmore Cartier permit AC/P32, which contains the Magnolia prospect. The company also operates the Jabiru...

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