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Wednesday, 23 June 1937

Senator BROWN asked the Minister in Charge of Development, upon notice -

Since the subsidy to oil-searching companies has been paid what results regarding flow oil have been achieved, if any?

Senator Sir GEORGEPEARCE.The Minister in Charge of Development has supplied the following answer to the honorable senator's question: -

No Government subsidies are paid in respect to the search for flow oil. Advances, repayable under certain conditions, have been approved to four companies. Three other applications have been approved subject to the applicants complying with certain conditions.

Since the advances referred to have been made, a considerable amount of additional drilling has been carried out in Queensland and New South Wales and careful geological surveys have been undertaken for the purpose of finding structures in which oil could have accumulated.

One bore in Queensland, in respect of which an advance has been made, is producing 2,000,000 cubic feet of gas per day. The gas contains constituents which are natural to petroleum.

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