Enterprise of NG Applies
p. 112 · Read in the full issue
For Oil Permit For Sepik R. Area
ENTERPRISE of New Guinea Gold and Petroleum Develop ment No Liability which has its registered office at Melbourne, has filed an application for a petroleum prospecting and mining permit in NG.
The area sought is one of 1,650 square miles at the headwaters of the Sepik River and not far from the Dutch border.
The application was made by Mr.
S. E. Watkin, a director of the company, and also by its manager, Mr. A. B. Kaines.
The firm’s Territory address is given as Wau, and the date of the company’s registration in the Terri tory as November, 1936.
The company, although formed with the object of searching for oil as well as gold, has never made very much headway with either.
For years it was denied an oil search permit, but about a year ago the Minister for Territories in formed the company that the grant ing of such a permit to cover a specific area in NG depended upon the company’s proving that it had sufficient capital to carry out such an undertaking.