SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Indo-Pacific Energy Ltd. (INDX)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Alan Brezin who wrote (613)12/17/1997 8:55:00 AM
From: Donald Lickman  Read Replies (1) of 866
 
Taken from Gulf Canada web site

AUSTRALIA

The acquisition of Clyde Petroleum plc has introduced Gulf to the Australian oil and gas industry.
Gulf acquired a 4.75 per cent working interest in the prolific Cooper Basin Area, a group of oil & gas fields that are a major gas supplier to South Australia and New South Wales. The key exploration areas include Carnarvon (5 blocks, 15-30% WI) and Ashmore-Cartier (4 blocks,
25-40% WI)97), with additional exploration licenses in the Gippsland and Otway Basins.

Gulf is a 25 per cent participant in the wildcat exploration discovery by Cultus Timor Sea Inc., the operator of the Tenacious-1 ST1 well, offshore northwest Australia (Ashmore-Cartier). Cultus Timor Sea announced in July:

AC/P 17 block (25%)
8 miles from Jabiru
7.7 MB/D test (WOW)
4.5 MBOE/D established production

INDX contols 65% of the AC/P19 block which borders AC/P 17 immediatly north. (see INDX map) Dr Bennett claims the INDX block has been seriously upgraded because of the above discovery and the block has some "king size" targets. Apparantly INDX has received numerous joint venture offers from majors. I beleive this with a big discovery like Tenacious next door.

Licky D

PS- that Ali guy is sure wierd
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News