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Comment on oil flow at Richmond No. 1 at ROMA



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FOR PRESS : 898

COMMENT ON OIL FLOW AT RICHMOND No. 1 AT ROMA

Statement "by the Minister for National Development, Senator the Hon. Sir William Spooner, K.C.M.G. , M.M.

"This is a heartening development.

"The oil has been found at a relatively shallow depth

and this adds to its value. However, further drill holes '

will of course "be required to determine the size of the

oil-hearing area.

"In the search for oil in Australia, in only a few

holes so far have we found a significant flow of oil. This

is a discovery of flow oil in a new locality. It is therefore

important because it is further evidence that we may expect

more oil strikes over wider areas as oil search programmes

centinue.

"The Company has been searching for oil for several

years now and recently the tempo of their operation has

increased rapidly. ■

"They deserve to hove this, encouraging result." ■

CANBERRA

August 29o 1963 - P.M.