Rey Resources Limited (ASX:REY)
Rey Resources Limited (ASX:REY) is focused on exploration and developing energy resources in Western Australia's Canning and Perth Basins.
In early 2013, Rey Resources increased its interest to 25 per cent (%) in two highly prospective Canning Basin petroleum permits (EP457 and EP458) known as the “Fitzroy Blocks”. The additional interests in the petroleum permits will provide further exposure for Rey Resources to the emerging Canning Basin oil and gas province. Rey’s most advanced thermal coal project is the Duchess Paradise Project completed a positive feasibility study in 2011.
Rey’s other coal tenements are also located in the Fitzroy Trough of the Canning Basin, and are partly contiguous with the Fitzroy Blocks. The Company aims to expand its coal inventory by further exploring these leases.
Rey has an experienced Board and management team committed to continuing to develop and increase its energy assets to deliver maximum value to its shareholders.