DRILLING FOR OIL
Third Well At Moonie (N J! J’^.-Reuter—Copyright) BRISBANE, March 7 Union Oil Development Corporation will begin drilling the Moonie No. 3 well this month and may test the Moonie No. 2 “strike” well earlier than expected. Australia could save £l3om a year in overseas exchange from the discovery of oil in sufficient quantities to satisfy the local market, the Minister for National Development (Senator W. H Spooner) said yesterday. Replying to questions in the Senate, Senator Spooner said this saving would represent about one-eighth of Australia’s annual overseas spending.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19620308.2.215
Bibliographic details
Press, Volume CI, Issue 29766, 8 March 1962, Page 19
Word Count
92DRILLING FOR OIL Press, Volume CI, Issue 29766, 8 March 1962, Page 19
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.