Moreton goes into voluntary administration

MORETON Energy has entered into voluntary administration with the company’s board of directors appointing Grant Sparks and David Orr of Deloitte Financial Advisory as administrators of the group.

sponsored-logo
Moreton goes into voluntary administration Moreton goes into voluntary administration Moreton goes into voluntary administration Moreton goes into voluntary administration Moreton goes into voluntary administration

The administrators are undertaking an urgent assessment of the group’s business and financial position.

Moreton was formerly known as Cougar Energy and was responsible for a failed underground coal gasification project near Kingaroy.