Cash-poor Kimberley fracker Black Mountain expects WA decision soon
The US-owned company is seeking funds from investors to stay a going concern while it awaits state and Federal approval.
Santos' Varanus Island plant processes gas from John Brookes and other gas fields to supply to the WA market.
Santos' Varanus Island is not producing gas. Nor are the shuttered North West Shelf and Wheatstone plants.
The company is monitoring the leaks that add to its problems at the ageing facilities.
A massive oil spill and allegations of a cover-up have resulted in just a $10,000 fine for the $22 billion company.
In 2007 WA lost 30% of its gas supply, and Apache Energy workers were lucky not to lose their lives, after a corroded gas pipeline failed and produced a gigantic explosion.
Macquarie and Brookfield will have to sell exploration potential in their $4 billion float of Quadrant Energy amid concern its domestic gas plants could run dry in as little as six years.
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