Regulator shuts Wandoo oil field off WA after spill
Canadian firm Vermilion judged the chance of the December spill as "rare" - the same probability it claims for seven planned exploration wells that could affect anywhere along the Pilbara coast.
ASX-listed Triangle Energy owns the majority of the shuttered Cliff Head oil field off WA's Mid-West coast. It also explores for oil and gas in the Perth basin and overseas.
Pilot Energy is a going concern, but its accounts report "a material uncertainty which may cast significant doubt" on that continuing.
A struggling deal between two companies will determine if an unused oil platform off the WA coast is used for carbon storage or needs to be decommissioned.
Triangle Energy has six months to find a viable route to market for oil that now goes to BP Kwinana or its Cliff Head operation could become a liability for the Federal Government.
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