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This newspaper page contains 10 articles. Subscribers can read the full text of each article.
Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Dec 29, 1967
Page
9
A team of experts from Delis Texas will travel to Australia to assess the Secco oil rig’s service capability after it became anchored in Portland Harbour. The mission aims to verify structural integrity and operability of the offshore facility challenging conditions near the port.
A garbled report describes Wapet drilling activity with rigs to be towed and an underwater crack. Details are incomplete but indicate planned operations on the island and inspection teams including named individuals and dates.
In Murano area drilling reaches seven thousand feet with no hydrocarbons found yet. A barge will drill the Omervation Island well, with activity around Exmouth Chall and Barrow Island. Depths reached include 6,339 feet at west Exmouth and 4,459 feet on other sites, while several wells advance or abandon due to mechanical issues.
Business leaders from the United States, Canada, Japan, New Zealand and Australia will convene in Hawaii in February to discuss preliminary cooperation for Pacific Basin economics. The gathering aims to deepen regional ties and explore joint initiatives.
Ambitious Kennedy Round tariff reductions to lower trade barriers take effect in the new year. The agreement, involving major economies including the United Kingdom Australia and Czechoslovakia, anticipates substantial cuts across industries with a general import quota relaxation and a move toward freer trade under GATT.
A European to Australia trade dispute centers on a proposed 9 percent rise in fruit shipping freights. A spokesman notes agreement pressure and potential devaluation fears influence decisions. The board's stance split, with only partial acceptance, delaying final action amid market uncertainty.
Partial OCR text mentions Lake Cherus area and a local notice. Readable fragments suggest a community notice or event but details are unclear including names, dates, or actions.
The London Metal Exchange prices show copper at £597 per 15 cwt with small fluctuations. Zinc stands around £112 4 8 with minimal change, tin near £1,342 3 10, and gold steady near $US35 19. The report notes light trading activity and minor shifts across metals while advising caution on the broader market.
The article reports on a partnership involving Esso-BHP Nickel and Great Boulder Gold Mines L Id testing limited ore from drill cores. It notes drilling underway in Western Australia Port Hedland area and Winter Strait with Discoverer I rig, aiming to assess nickel ore feasibility.
A scrambled unit of trading shorthand shows options activity and prices across multiple stocks on the Sydney Stock Exchange. Entries reference call options, strike prices around 7.40 and 7.20, volumes near 1,000 and 300, plus miscellaneous tickers and dollar figures, reflecting a volatile session.
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