Despite the missing Gippsland offshore stor this was in the weekend Aussie a week ago
Date 2/10/2007 Author Peter Klinger Source The West Australian -- Page: 40 Queensland explorer Innamincka Petroleum has told the market it has found one of the largest onshore oil fields in Australia. The company said the field in the Cooper Basin could contain 120 million barrels of oil. Innamincka has discovered that its Flax and Juniper discoveries are connected, and noted that flow rates from all four Flax wells exceed what is required for commercial production. Shares in the company rose by $A1.10 to $A1.49 on 1 October 2007.
There was more news about this in this weekends Australian...mostly about the MD cashing in on the high share price!
Still good news from the Cooper region..and as EBR will be drilling there again soon any news of possible discovery could raise some attention from the market.
EBR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
