In 2004, QER acquired most of the assets and liabilities of Australian resources company, Southern Pacific Petroleum NL (SPP).
Led by Sir Ian McFarlane, SPP successfully continued to identify and explore Australian oil shale deposits, and by the early 1980s, 10 oil shale deposits had been discovered in Queensland, including the Rundle deposit near Gladstone and its southern neighbour, Stuart. These resources are now controlled by QER.
Australian oil shale development efforts over the past two decades have provided QER with a substantial knowledge base to support construction of its technology demonstration plant. Coupled with QER's own successful trials of the Paraho process conducted in Colorado, this means QER is well-advanced in design and engineering feasibility studies for the next phase of oil shale development in Australia.
The Paraho pilot plant near Rifle, in Colorado (pictured).