Oil Fields NL
PA Wellington The listed oil explorer, Oil Fields NL, has reported unaudited liquid funds, including securities, of $15,810,974 for the quarter ended September 30. Net funds for the period were $14,591,388, and the company allowed for a $1,219,586 increase in value of securities. Total funds available during the quarter were $15,530,366, which included share issues worth $225 and investment income of $762,731, OU Fields told the Stock Exchange. The company made a $137,223 loss in exploration. Total expenditure during the
three months was $938,978. The oil explorer said two well drilling programmes in PPL 38075 on the West Coast began in September and a glacial pilot study would start at the end of this month. A marine seismic programme was now being planned for later in the year over licences PPLs 38097, 38087, 38118 and 38116. The company said it planned to drill in licence PPL 38107 in February. Drilling in other licences would be subject to results of ongoing exploration evaluation and further seismic pro- I grammes. -C |
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Press, 25 October 1985, Page 8
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172Oil Fields NL Press, 25 October 1985, Page 8
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