AUSTRALIA

Longreach's stagnant quarter

LONGREACH Oil has finished up a relatively uneventful June quarter with $341,000 cash on hand, having spent just $3000 on oil and gas exploration.

Andrew Snelling

The Australian explorer was still waiting, at the end of the quarter, on a sale between its Surat Basin PL 280 joint venture partner Brisbane Petroleum and Chelsea Oil Australia to be settled. Brisbane...

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