Macallum New Energy Ltd
Macallum New Energy Limited is an Australia-based early-stage oil and gas exploration company.
The business
Macallum New Energy Limited is an Australia-based early-stage oil and gas exploration company. The Company is focused on the assessment and future development of its exploration permits located in the onshore Northern Perth Basin in Western Australia, including EP 494 and EP 511. EP 494 is located on the North-South trend in the onshore North Perth Basin, spanning between the town of Coorow and the Swan Valley and covers an area of approximately 2577 square kilometers (km2). EP 511 is located in a single block in the onshore North Perth Basin surrounding the town of Muchea. EP 511 comprises a single graticular block of approximately 73km2 and is located immediately west of EP 494. Edge Natural Energy Pty Ltd is a subsidiary of the Company.
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