B.H.P. Invests More In Subsidiary
(N.Z. Press Association—Copyright)
MELBOURNE, May 3.
The Broken Hill Proprietary Company, Ltd’s oil and natural gas exploration subsidiary has increased its authorised share capital from 2 million dollars to 30 million dollars.
The beginning of the slsom development of the Barracouta and Marlin natural gas fields off the Victorian coast by the 8.H.P.-Esso partnership was recently announced. B.H.P. has already announced that it will take up its full 50 per cent working partnership with Esso Standard Oil (Australia), Ltd., in the Marracouta field. An announcement of B.H.P.’s decision on the Marlin field is expected soon.
i The name of the B.H.P. ex- ; ploration subsidiary will be i changed from Haematite Exi plorations Pty., Ltd., to Hematite Petroleum Pty., Ltd. The ; diphthong will be dropped in I the spelling.
The subsidiary’s additional capital is made up of 14m ordinary $2 shares. Notice of the increase in capital was filed today with the Registrar of Companies.
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https://paperspast.natlib.govt.nz/newspapers/CHP19670504.2.184.3
Bibliographic details
Press, Volume CVI, Issue 31360, 4 May 1967, Page 17
Word Count
159B.H.P. Invests More In Subsidiary Press, Volume CVI, Issue 31360, 4 May 1967, Page 17
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