Half-year Financial Report - 31 December 2011
Perth, Mar 1, 2012 AEST (ABN Newswire) - Oil Basins Limited (
ASX:OBL) is a junior oil and gas company with a portfolio of conventional oil and gas, coal seam gas (CSG) and unconventional shale gas (USG) exploration projects in good hydrocarbon addresses in offshore Gippsland and Carnarvon Basins and the onshore Canning Basin.
The Company is pleased to advise shareholders that during the 6 months ended 31 December 2011, the Company as operator on three project areas conducted significant activity across its portfolio of exploration and development assets.
BUSINESS STRATEGY
Since the Company's public offering in August 2006, OBL has built up (at modest cost) an attractive portfolio of exploration projects (all assessed or re-assessed with modern technology), all situated in good hydrocarbon addresses and nearby to existing infrastructure hubs (see link below).
For the Full Announcement, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-OBL-370175.pdf
Contact
Oil Basins Limited
T: +61-3-9692-7222
F: +61-3-9529-8057
WWW: www.oilbasins.com.au
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