Fitzroy River Corporation Ltd, formerly Fitzroy River Corp Ltd, is an Australia-based company, engaged in the Oil and Gas Exploration and development sectors. The Company holds royalties, via two separate royalty deeds, over 12 petroleum permits in the Canning Superbasin in Western Australia. The main counterparties on the royalty agreements are Buru Energy Ltd and Australian subsidiaries of Mitsubishi Corporation. The Company has substantial shareholding in European Gas Limited. Effective March 19, 2013, Mercantile Investment Company Ltd acquired a 5.99% interest in the Company.