In the past nine days, $US7 billion of asset value has been wiped from ASX-listed oil and gas producers. Santos was the latest casualty, announcing a $1.1 billion write-down on Tuesday and joining the likes of Woodside Petroleum and Origin Energy.
But that's not stopping this next ASX aspirant. Tonight, we take a look at which east coast gas play has been getting in front of fund managers, with the biggest oil and gas sector IPO in years. The company in question has tapped Bell Potter to lend a hand and we've got all the details.
East coast gas market hopeful Tamboran Resources is in front of fund managers outlining the biggest mooted Australian oil and gas sector initial public offering in years.
Minted Melbourne investment house Wingate is putting the finishing touches on a new corporate credit fund that will seek to write loans to medium-sized Australian businesses.