Oil Search, Ltd.
p. 53 · Read in the full issue
THE search for oil in New Guinea will be continued as soon as possible by Oil Search, Ltd., and, for this pur pose, it is intended to raise more capital.
It is proposed to offer a new issue to shareholders at par.
When permission to return to New Guinea is received, Australasian Petro leum Co., the operating company, will be ready to continue its search for oil.
To provide the funds it will issue new capital early next year, and Oil Search, Ltd., through its subsidiary, Nominated Holdings Pty., Ltd., will be offered its quota.