Perth Basin energy player Empire Oil & Gas has placed its ASX-listed securities into suspension after it was unable to restart production at its Red Gully-1 well.
The company has flagged it will be likely to make an announcement about a solution within the next two weeks.
The well feeds the Red Gully processing plant, which has a capacity of up to 10 terajoules per day and produces about 1 per cent of the state’s domestic natural gas use.
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