Fragmented OCR Text Noted for Summary
The provided text is unreadable and fragmented, containing mixed symbols and partial phrases. No clear event or entities are identifiable to summarize into a coherent newspaper item.
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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Dec 07, 1965
Page
7
The provided text is unreadable and fragmented, containing mixed symbols and partial phrases. No clear event or entities are identifiable to summarize into a coherent newspaper item.
Dr Malcolm Mackay chairman of Longreach Oil Ltd told shareholders that £2000m must be invested over ten years in exploration production facilities and pipelines to establish Australian self sufficiency in petroleum. He warned overseas production and potential political risk could threaten gains.
Melbourne Brisbane and Adelaide markets rose as liquidity improved after Reserve Bank signals with shares in Myer and Brambles advancing while Myer surged and Wool and banking stocks fluctuated. Traders watched regional developments as investors sought bargains amid a broad upside.
Brisbane prices for industrial shares continued a downward drift with small trading changes. The losses focused on major players including Queensland Trading and Allied Doped with several blue chips showing declines.
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