Oil news
Share issues in two oil «' exploration companies ?•; opened and closed fully subscribed yesterday. J The directors of Kupe Petroleum No Liability said their public issue of 40 ■>; million shares and 40 - million options closed heav- r ily over-subscribed and ap- iplications would now be bal- .5 loted. The public issue of million shares and 2 million options in Oil Fields NLJ-.t was also over-subscribed. » Southern Petroleum NL indicated yesterday a state-0 ment on progess in the*’ drilling of the first well in the Great South Basin by the Penrod rig would not be-:,, made until next Friday. ’’ Statements would be issued by the rig’s operator, Placid Oil, Ltd, with the consent of the other licence participants.
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Press, 22 October 1983, Page 20
Word Count
118Oil news Press, 22 October 1983, Page 20
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