Oil Deposit Assessed
(N.Z. Press Assn.—Copyright) CANBERRA, May 8. Present indications were that the deposit of oil at Cabawin number one well, at Tara, 200 miles west of Brisbane, was not large enough to justify a commercial operation, the Minister for National Development, Senator William Spooner, said today. He emphasised that it was unlikely that additional information would alter this view. A rough estimate of the cost of development, including a 200-mile pipeline to Brisbane, would be about £lsm. Senator Spooner said.
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Press, Volume C, Issue 29509, 10 May 1961, Page 19
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82Oil Deposit Assessed Press, Volume C, Issue 29509, 10 May 1961, Page 19
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