Rawson Resources (RAW)

Shares / Stock Code

RAW

Stock Exchange / Sharemarket

Australian Securities Exchange

Rawson Resources (RAW) is an energy resources company focusing on oil and gas exploration and development. The company has a 100% interest in a petroleum exploration permit, located onshore in the Pedirka basin in the Northern Territory, as well as interests in the onshore Otway basin and Cooper basin in South Australia and the Surat basin in Queensland.

Rawson Resources was incorporated on 27 May 1998 and operated principally as an explorer for energy resources. It listed on the Australian stockmarket (ASX) on 22 September 2005. Rawson Resources operates or is the joint operator of all its working interest assets. RAW's exploration projects are geographically spread, providing a level of diversification that is necessary in oil and gas exploration.

Most oil is sold into global spot markets, whilst gas is typically sold under long-term contract arrangements with utilities, large industrial users and steel plants. Key competitors include Rio Tinto, BHP, CH4 Gas Ltd (CHX) and Bounty Oil & Gas (BUY).

During the fiscal year ended June 30, 2009, Rawson Resources was exploring for oil and gas in four areas, the Surat Basin, the Otway Basin, the Pedirka Basin in Australia and the Taranaki Basin in New Zealand. In addition, it has a 10% investment in the developing Udacha Gas Field in the Cooper Basin. The Company is also seed funding new uranium exploration ventures in both the United States and Australia. Its subsidiaries include Lonman Pty Ltd and Rawson Uranium Ltd. On May 13, 2008, the Company incorporated a subsidiary, Rawson Taranaki Ltd.

Rawson Resources (RAW) Products and Services

  • Oil and gas exploration and development.

Rawson Resources (RAW) Locations and Subsidiaries

Rawson Resources Head Office
Suite 2, 163 Burns Bay Road,
LANE COVE, NSW, AUSTRALIA, 2066
Phone: (02) 9255 7428
Fax: (02) 9872 9810

Rawson Resources (RAW) Share Price

Submitted by ASX Listed Company on 22 May, 2010 - 21:25

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