There's gold in them thar drills

Haselhurst, David
August 2004
Bulletin with Newsweek;8/31/2004, Vol. 122 Issue 6436, p53
The article presents the information that with the crude oil price soaring to record levels above $US48 per barrel last week, the author's attention was drawn to a raft of smaller Australian explorers planning to dip their corporate toes into Bass Strait in Victoria and Tasmania, in months ahead. They include Nexus Energy, Bass Strait Oil and Gas, Moby Oil and Gas, Eagle Bay Resources and Lakes Oil. Lakes' shares, already in the portfolio, added 40% to 7.2¢ last week after successful flow tests from its Wombat No. 2 in the onshore Gippsland basin.


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