Moonie No 4 oil strike boosts hopes in Queensland field
New Moonie No 4 oil discovery in south west Queensland flows 1575 barrels per day in a short test, suggesting commercial potential. The field extends 34 miles, with four wells in a north east to south west line. Officials expect more wells to define the deposit and volume. Sydney trading reflected interest with Australian Oil and Gas shares rising briefly. About 38 000 shares traded.
MENTIONED IN THIS ARTICLE
Queensland
Moonie
No. 4
Spoona
Moonie No. 4
Sydney Stock Exchange
Australian Oil and Gas
Union
Kern County
Government posts 1961-62 budget deficit of £27 million
The Commonwealth Government finished the 1961-62 financial year with a budget deficit of £27 million. The deficit exceeded the original £16.5 million estimate by £10.5 million, helped by strong loan subscriptions in Australia, Treasurer Holt said yesterday.
MENTIONED IN THIS ARTICLE
Commonwealth
Holt
Australia
National Welfare Fund
Commonwealth Development Bank
Qantas
United Nations
Post Office
Mr. Holt
Treasury
Government forecast shows deficit near one hundred million pounds
Mr Holt forecast a likely deficit of at least £100 million for the current financial year due to a credit squeeze and import restrictions. Revenue fell £55.7 million short of the Budget, while expenditure exceeded it by £29 million. Tax receipts were £57 million below estimates, with income tax and company tax under target.
MENTIONED IN THIS ARTICLE
Holt
Australia Posts Record Trade Surplus In Latest Year
Australia reports a trade surplus of 187.7 million pounds for the year ending last Saturday, up 345 million from the prior deficit. Imports fell to 888.3 million pounds while exports reached 1,071 million, marking the strongest balance since 1956 57 and a 14th straight monthly surplus.
MENTIONED IN THIS ARTICLE
Australia
Commonwealth Statistician’s
Four Men Burned In University Mishap
Four men at the Australian National University were burned when a sodium potassium liquid alloy exploded during cleaning of a huge homo polar generator in the Sir John Cockcroft building basement. Injuries ranged from burns to the face neck and arms. all were admitted to Community Hospital. Five men were present when a clogged filter prompted the incident. investigators will study the cause today.
MENTIONED IN THIS ARTICLE
Sir John Cockroft
Edward Snall
Balmain Crescent
Acton
Sir Mark Oliphant
Research School of Physical Sciences
Also Mentioned on This Page
Whdth
Sir John
Cockroft
A.N.U. Research School
of Physical
Sciences
Richard Hawkins
McIntyre Street
Narrabundah
Burns
Gam
Gerard Renner
Glover Street
Lyneham
George Lagos
Stornaway Road
Queanbeyan
The
School of Advanced Studies
Univer
Australian National University
L. G. H. Huxley
Search School of Physical Sciences
Sir Marcus Oliphant
Research School of Physi
Cal Sciences
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