| 1980s |
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The company changed its name to Longreach Gold Oil Limited |
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| 1990s |
1993 |
Subsidiary, South Pacific Pty Ltd, acquired an interest in an oil licence in Myanmar. |
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1994 |
Longreach applied for an Exploration licence in Victoria, prospective for gold ans also entered into a diamond exploratoin joint venture in project in Russia. |
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1995 |
Overseas Petroleum Investment Corporation (OPIC) farmed into the oil project in Myanmar, for an expenditure of US$5 million to earn a 50% interest. The joint venture withdrew from this project after two wells were drilled. |
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1996 |
Longreach entered into agreements for three diamond concessions in Angola. |
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1999 |
Force majeure was invoked by Longreach in respect of the Angolan joint ventures, in view of renewed hostilities in that country. |
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| 2000 |
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Various exploration prospectsin Australia and overseas were examined |
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| 2001 |
June |
Directors resolved to refocus on the principal objectives of oil and gas exploration. |
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November |
Company name reverted to Longreach Oil Limited (ASX code remains LGO). |
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December |
Longreach acquired a 19.8% equity interest in Brisbane Petroleum N L, which holds Petroleum Leases 18 & 40 in Surat Basin, Queensland. |
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| 2002 |
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Longreach was involved in the drilling of the Carlston No. 1 well in the Carnarvon Basin, W.A. and earned an initial interest in three Exploration Permits (EP-369, EP-405 and EP-410). |
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| 2003 |
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Longreach applied for a "hot rock" area in NSW, which was grantd in early 2004 - Exploration Licence 6212. |
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March |
Longreach acquires a 100% interest in the three W.A. Exploration Permits (EP-369, EP-405 and EP-410). |
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| 2004 |
March |
Renewal of the three W. A. Exploration Permits - EP-369, EP-405 and EP-410 - approved for a further five years. |
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October |
Drilling by Enterprise Energy N L commenced under a farm-out agreement with Brisbane Petroleum N L on a development well, Yellowbank Creek #4, on Petroleum Lease 18 in the Surat Basin, QLD |
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November |
Longreach increased its interest in share capital of Brisbane Petroleum
N L to 22%. |
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December |
The application made for a further oil exploration area in the Surat Basin, QLD was granted - EPP-755. |
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| 2005 |
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Longreach decides to suspend operation on Angolian diamond areas. |
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February |
Exploration permit 439 in the onshore Carnarvon Basin in granted to joint venture. |
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May |
A new subsidiary, Offshore Oil Pty Ltd, was incorporated for the purpose of acquiring overseas oil porjects. |
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| 2006 |
March |
Austex Oil Ltd, a joint venture company incorporated for the purpose of re-working oil wells in the USA. Current equity interest - 25%. |
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July |
Austar Petroleum Ltd inforporated for acquistion of oil prodoction licences in Indonesia, Initial equity interest - 25%. |
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September |
Share placement completed. |
