NATURAL GAS IN VICTORIA

Press, Volume CIV, Issue 30736, 28 April 1965, Page 21

NATURAL GAS IN VICTORIA

Possibilities Seem Good (N.Z. Press Assn. —Copyright) MELBOURNE, April 27. The Gas and Fuel Corporation of Victoria is optimistic on the possibility of natural gas being used in Victoria in the near future. Next week technical officers will begin interviewing executives of about 150 major energy users in the Victorian industrial field.

The results of the survey, plus a report by Dr. Charles Hetherington, of Canada, will determine the patterns of energy consumption in Victoria and the potential for natural gas. The chairman of the Gas and Fuel Corporation (Mr A. E Chadwick) yesterday tentatively put forward a target date of between three to five years for the introduction of natural gas in the State depending mainly on future exploration. This estimate halves the previous seven-year estimate made last year before the offshore discovery at the EssoGippsland Shelf No. 1. The corporation is most impressed with the off-shore Victorian prospect.

New Oil Lead Li Gippsland (N.Z. Press Assn.—Copyright) MELBOURNE, April 27. Woodside (Lakes Entrance) Oil Company, N.L., said today that it had uncovered a new lead in its search for oil and gas in Gippsland. The company announced that recent survey work in the Woodside-Yarram area had revealed structural conditions justifying an immediate change in its drilling programme. The next well will be drilled near the township of Woodside. Directors say the structures are being studied in view of their relation to known offshore structures. (A structure is an underground geological formation, capable of forming an oil or gas reservoir.) The Lake Reeve No. 1 well, five miles north-east of Seaspray, has reached a depth of 6635 ft and will be plugged and abandoned. No hydro carbons have been discovered. F. Fertiliser Lift Capital (N.Z. Press Association) WELLINGTON. April 27. Shareholders of New Zealand Farmers’ Fertiliser Company have approved lifting nominal capital from £2m to £3m, according to the New Zealand Stock Exchange Association. Directors can now go ahead with plans for a one-for-seven cash issue of 20s shares at 15s premium. Shares became ex rights today. The issue will lift ordinary paid capital by £233,321 to £1.866.568 and reserves by £174,990 to £2.003,265.

New Companies

Seven new Canterbury companies are among new companies listed in the latest “Mercantile Gazette.” Details of the companies are:— Anderson (Allan), Ltd. Whyte. McCormack and Watson, Accountants, 69 Worcester street. Christchurch. Capital: £lOOO Subscribers: Christchurch —A. E. B. Anderson 999, J. G. Quiilish 1. Director: A. E. B. Anderson. Objects: butchers and incidental. Avonia Motors, Ltd., 160 Gloucester street, Christchurch. Capital: £lOOO. Subscribers: Christchurch—W. J. Scott’s Motors, Ltd. and G. F. Cairney 500 each Directors: W. L. Fairclough and G. F. Cairney. Objects: vehicle retailers and incidental. Bailie Agencies (1965), Ltd., Palmerston street. Westport Capital: £5OOO in 10s shares. Subscribers and directors: Westport —G. Levestam 6000. E. Bowling 4000. Objects: universal pro viders and incidental. Justins Dress Salon, Ltd., c/o J. Roysmith and Goode, public accountants, 84 Hereford street. Christchurch. Capital: £lOOO Subscribers and directors: Christchurch —A. J. Hobbs, T. R Kelleher 500 each. Objects: dress salon proprietors and Incidental Motukarara Farm, Ltd., c/o. Stewart Beckett and Company. 159 Hereford street, Christchurch. Capital: £250. Subscrib ers: McQueen's Valley—G. A Nutt 191 preference, J. N. Nutt 1 preference. Gebbies Valley— T. D. J. Holderness and G. A Nutt 50 ordinary (jtly.). Christchurch—E. E. England, G. H. Gould. T. J. Stackhouse. J. Loftus, R. G. Compton. A. R. C Osmond. N. G. Clark, W. A. Wilson 1 preference each. Directors: G. A. and J. N. Nutt. Objects: farming and incidental. Owers (F. E.) * Co., Ltd., c/o P. C. Browne and Murray, public accountants. 213 Manchester street. Christchurch. Capital: £lOO. Subscribers: Dunsandel— I. D. and S. A. Lemon 50 each. Director: 1. D. Lemon. Objects: grocer and incidental. Parris Bros., Ltd., c/o. G Johnson, accountant, T. and G. Building, Stafford street. Timaru Capital: £2OOO. Subscribers and directors: Pleasant Point —S. A. and B. G. Parris 1000 each. Objects: agricultural and general contractors and incidental.