Big Picture – A Deep Dive Examination of High Peak Royalties Ltd
High Peak Royalties Ltd Snapshot
High Peak Royalties is an ASX listed company with offices in Perth and Sydney. Our commitment is to build a portfolio of diversified high-value resource royalties with exposure to projects in exploration, pre-production and producing phases.
Surat Basin CSG Project (PL171 / ATP574P)
In the Surat Basin in south-east Queensland, High Peak has royalties over two development assets, PL 171 and ATP 574 P CSG permits. PL 171 and ATP574P are contiguous permit areas and are both operated by Queensland Gas Company Limited (QGC)/BG Group, with BG Group (directly and indirectly through its subsidiaries, including QGC), CNOOC Coal Seam Gas Company Pty Ltd and Tokyo Gas QCLNG Pty Ltd owning an aggregate equity interest of 80% in PL 171 and 70% in ATP574P.
Tintaburra Oil Field (ATP 299P)
and Petroleum leases (PL29, PL38, PL39, PL52, PL57, PL95, PL169,
PL170, PL293, PL294, PL295 and PL298)
ATP 299P is located in the southwest Queensland part of the Cooper/Eromanga Basin petroleum
province, which covers an area of more than 1,000,000 km2 of central Australia. ATP 299P is part of the
Peat Gas Field (PL 101)
Permit PL 101 located in the Bowen Basin, contains the Peat CSG field. The Peat CSG field is one of
the first CSG fields in south-east Queensland, having commenced production in 2001.
The Peat CSG field has a long-term gas sale contract to supply CSG to BP’s Bulwer Island Clean
Fuels Project in Brisbane. High Peak has a 2.125% Overriding Royalty Interest over PL 101.
Last updated 5th December 2018
Mr Carroll is an engineer and original co-founder of Phoenix. He has 30 years of international oil and gas experience having originally trained with BP and then having held a wide range of board, senior management and consultancy roles with a number of oil and gas companies including Dome Petroleum / Amoco Canada, Ampolex and InterOil.
Mr Carroll is currently a Director of Mosman Oil and Gas Limited and Australian Petroleum Portfolio and provides consultancy services through his company, Australasian Energy.
Mr Carroll has been a member of the Society of Petroleum Engineers for over 30 years.
Mr Anthony Wooles
B Com, Dip App Finance, MBA (Wharton), MAICD, A Fin
Mr Wooles is a highly qualified and successful professional who has held executive and advisory roles with leading private and public companies. He also has extensive knowledge of financial and capital markets. In his advisory capacity Mr Wooles has worked closely with companies including BHP Minerals; Coles Myer; Telstra; Coca-Cola Amatil; FAL and Western Power.
His professional qualifications include: a Bachelor of Commerce (Economics) from Deakin University, a Graduate Diploma of Securities Analysis from the Securities Institute of Australia and a MBA (Finance) from the Wharton School of the University of Pennsylvania. He brings significant experience and knowledge in the corporate finance and energy sectors.
Directorships of listed companies now and in the last 3 years
Mr Wooles is the Non-Executive Chairman of ASX listed Company Imdex Limited (ASX: IMD) and was appointed so on 1 July 2016.
Mr King is a lawyer with over 37 years international oil and gas experience. Mr King began his career with the Australian Government and then Esso Australia as Area Legal Counsel based in Sale, Victoria, responsible for the Bass Strait development legal group. Mr King then served Ampolex as General Counsel and a member of the Executive Committee where he was intimately involved in the rapid expansion of Ampolex from a small explorer to a mid-cap producer.
Mr King operates his own specialist energy law firm and advises private international clients and is retained by the PNG Government to advise on large-scale oil and gas and mining development which includes Exxon’s Gas-to-Australia Project and the PNG LNG project, and most recently the Greater Stanley Project.
Mr King is formerly the non-executive Chairman of Cue Energy Resources and a director of Vermilion Oil and Gas Australia. He previously served as a director of Singapore Petroleum Company for nine years.
Jarrod Travers White
Director & Company Secretary
B. Bus, CA, CTA
Mr White has had a continued involvement with the High Peak Royalties Limited asset portfolio since its incorporation in 2008 and has been the appointed Corporate Advisor to wholly owned Phoenix Oil and Gas Limited since this time (and was appointed CFO from 2010 – 2017 until appointed as a Director).
Mr White is a Chartered Accountant and Director of Traverse Accountants Pty Ltd, a Corporate Advisory and Chartered Accounting Firm. In conjunction with his Corporate Advisory roles at Traverse Mr White has been appointed Company Secretary and Chief Financial Officer of several other listed entities that operate on the Australian Stock Exchange and London Stock Exchange and has a sound knowledge of corporate governance and compliance.
Jarrod has also been an advisor to a wide range of capital raisings, IPO’s and reverse takeover transactions and has a focus on working with growing Companies in the exploration and technology space.
Last updated 5th December 2018
Suite 305, 35 Lime Street
Sydney NSW 2000
Phone: +61 (0) 2 8296 0011
Business Hours: 9am-5:30pm M-F