Many More Wells This Year
Senator Sir William Spooner discusses Australian oil exploration and forecasts a rise from about 80 wells last year to around 100 this year. He highlights Moonie, Cabawin and Sunnybank discoveries in Queensland and notes planned pipeline linking Moonie to Brisbane. He stresses broader, systematic exploration and seismic methods improving prospects.
MENTIONED IN THIS ARTICLE
Australia
Cabawin
Moonie
Sunnybank
Queensland
Surat
Cabswin
Spooner long served in NSW Senate and government roles
Sir William Henry Spooner, knighted in the New Year Honours, has led the Government in the Senate for three years after serving as Minister for Social Services and then Minister for National Development since 1951. He has been Acting Prime Minister in September during Mr Menzies absence. Oil developments in Surat Basin by Moonie and related subsidies preceded historic oil finds.
MENTIONED IN THIS ARTICLE
William Henry Spooner
Senate
N.S.W
Senae
Menzies
A Healthy Year for Hire Purchase in 1963
The Australian hire purchase sector shows recovery after 1960s restrictions with outstandings rising from £369 million in May to £438 million in December. Firms shift to leasing and broaden credit services as manufacturers report strong postwar growth while government stamp duties erode profits.
MENTIONED IN THIS ARTICLE
Conference
Victoria
Tas|amania
Western Australia
Exploration notes reveal new oil and gas prospects in Australia
The report highlights 10 successful wells including Sunnybank No 1, with subsidies backing seismic interpretations. It discusses offshore and onshore basins such as the Surat, Fivroy, Care Narvon, Papuan, Amadeus, Officer, and Bass Strait as targets, plus the Petroleum Search Subsidy Act of 1957 and the push for domestic gas outlets and self sufficiency.
MENTIONED IN THIS ARTICLE
Associated Group
Sunnybank No. 1
Surat
Fivroy Basin
Carenarvon
Western Australia
Petroleum Search
Also Mentioned on This Page
The
Canberra Times
Australia Bay
Les Brown
Moonie No. 6
Irfield
Sir William Spooner
Moonie Field
Brisbane
Commonwealth
Bureau of Mineral Resources
Division of National Mapping
Union
Cabawin No. 1
AL Moonie
Moonie No
England
British Motor Corporation
Best
Indus
Mallion
G. L. Carter
M Finance
Tyne
HP Authority
Amadeus Basin
Central
Australi
Officer Basin
Western
Austrati
GLA
Bass Strait
Wapet
Canoning
Papua
Mainlan
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