Pacific Islands Monthly
The news magazine of the South Pacific · since 1930
Pacific Islands Monthly, 20 January 1947Vol. XVII, No. 6

Pty. Ltd.

p. 8 · Read in the full issue

Page 88

Oil Exploration In Papua

Australasian Petroleum Company Pty. Ltd.

TO provide funds to carry out its ex tensive geological, geophysical and drilling programme in Papua during 1947, Australasian Petroleum Company Pty., Ltd., has received the consent of the Commonwealth Treasurer to issue 470,000 new ordinary £1 shares.

These new shares have been offered to the Shareholding Companies, namely, Vacuum Oil Company Pty., Ltd., Darcv Exploration Co. Ltd., and Nominated Holdings Pty., Ltd., the wholly owned sub sidiary of Oil Search Ltd.

Mr. J, D. Bryan of USA has arrived in Australia and is making preliminary preparations for a geophysical survey in Papua. The lastest types of gravity meter and magnetometer are being brought from America and will be used in this work.

Drilling of the bore at Kariava, Papua, has reached a depth of 5,546 feet.

The editor of the “Pacific Islands Monthly,” Mr. R. W. Robson, is making a brief visit to New Zealand and Fiji.

He will be in New Zealand during the last week in January, and in Suva in the early part of February. He will re turn to Sydney by air about February 20.

Digitised by the National Library of Australia · OCR text via GLAM Workbench · uncorrected OCR, expect errors
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