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[Stephen Loosley]

Outcrop find could boost WA's gas share

AAP MAY 16, 2014 11:05AM
http://www.heraldsun.com.au/news/breaking-news/outcrop-find-could-boost-was-gas-share/story-fni0xqi4-1226919928164

THREE rocky outcrops discovered off the Kimberley coast will prompt a redrawing of Western Australia's maritime boundaries, which could substantially increase the state's stake in the Browse gas field.

The outcrops were found by Geoscience Australia, and while small are technically considered islands.

With the redefining of maritime boundaries, the state's interest in the Browse gas field could jump from five per cent to 65 per cent, boosting royalties to WA.

Mines Minister Bill Marmion said it was a very exciting development and potentially a big windfall for the state, but the significance of the find was still being determined.

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Cheers,
Stephen