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HIGH PEAK ROYALTIES LIMITED — Board/Management Information 2016
Nov 1, 2016
65070_rns_2016-11-01_5d487888-71f5-4ab4-8f24-bbe3a3313827.pdf
Board/Management Information
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2 November 2016
Australian Securities Exchange Companies Announcements Office
Board Reduction and Directors' Resignation
The company released its 2016 notice of Annual General Meeting to shareholders on 31 October 2016. In that document Messrs Andy Carroll and Geoffrey King are put forward to stand for reelection by rotation at the upcoming 2016 AGM.
They stand in place of Messrs Nigel Hartley and Howard McLaughlin, who will not seek re-election and hence resign from the Board, effective as at 30 November 2016, being the date of the AGM.
On behalf of the Company the Board thanks Nigel and Howard most sincerely for their respective significant contributions to the establishment and ongoing governance of High Peak Royalties.
The Company will maintain access to Howard McLaughlin, based in the USA, on an as-required basis, to identify and analyse potential royalty transaction opportunities.
Formal announcements, as required by the ASX Listing Rules in relation to their interests in the company, will follow their notice of formal resignation along with the AGM results on the same day.
For further information please contact:
Jarrod White Chief Financial Officer | Company Secretary Ph: +61 2 8296 0011 Email: [email protected]
High Peak Royalties Limited (ASX:HPR) – ABN 79 118 065 704 Suite 305 Level 3, 35 Lime Street, Sydney NSW 2000 +61 (0)2 8296 0000 | www.highpeak.com.au
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About High Peak Royalties:
High Peak Royalties is Australia's leading oil and gas royalties company, with exposure to 23 royalties in Australia, and the United States. High Peak Royalties’ portfolio covers production, development and exploration projects and features high quality project operators, including some of the world’s leading oil and gas companies.
The company’s portfolio includes:
| Permit / Location | Royalty Interest (%) |
Operated By |
|---|---|---|
| PL 171 and ATP 574P | 2.50 | Queensland Gas / BG Group |
| ATP 299P Petroleum Leases: PL29, PL38, PL39, PL52, PL57, PL95, PL169, PL170, PL293, PL294, PL295 and PL298 |
3.6/4.0 | Santos |
| Peat Gas Field(PL101) | 2.13 | Origin Energy |
| Surprise Oil Field(PL6) | 1.00 | Central Petroleum |
| Longtom Gas Field(VIC/L29 and VIC/P54) | 0.30 | Seven GroupHoldings |
| WA-314-P | 0.10 | Karoon Gas |
| WA-315-P | 0.10 | ConocoPhillips |
| EP(A)111,EP115,EP(A)120 and EP(A)124 | 1.00 | Central Petroleum |
| EP112,EP115NM and EP125 | 1.00 | Santos |
| PEL512 | 1.30 | DiscoveryEnergy |
| WA-482-P | 0.20 | Apache Corporation |
| WA-EP468 | 2.00 | Paltar Petroleum |
| EP156 and EP(A)155 | 2.00 | Mosman Oil and Gas |
| United States (East Texas, Permian and Texas Gulf Coast Basins) |
0.20 to 0.40 | Sabine Oil and Gas, Pioneer Natural Resources and Wagner Oil Company |
| Weeks Petroleum Royalty (Gippsland Basin) indirect interest via 19.99% shareholding in Royalco Resources(ASX: RCO) |
0.005 | ExxonMobil |
High Peak Royalties Limited (ASX:HPR) – ABN 79 118 065 704 Suite 305 Level 3, 35 Lime Street, Sydney NSW 2000 +61 (0)2 8296 0000 | www.highpeak.com.au