Books Maiden Profit
Perth, Sep 25, 2012 AEST (ABN Newswire) - The directors of Oil Basins Limited (
ASX:OBL) are pleased to announce the Company's 2012 Annual Report and the following highlights. During the year ended 30 June 2012, under the first full-time year of the present board and management model, the Company achieved:
- A maiden profit of $842,515
- and as a consequence has a free carry in the forthcoming East Blina-1 exploration well
- In the Eastern Gippsland Vic/P41 asset, converted two drilling options to a direct 12.5% interest at $nil, saving over $4.1m in farmin promote costs
Contact
Oil Basins Limited
T: +61-3-9692-7222
F: +61-3-9529-8057
WWW: www.oilbasins.com.au
| ||
|
