AUSTRALIA'S NW SHELF YIELDING SIGNIFICANT OIL AND GAS STRIKES
Exploration is turning up significant oil discoveries on the gas prone Northwest Shelf off Australia. Among the latest action, Western Australia Petroleum Pty. Ltd. (Wapet) tested another sizable oil and gas discovery. Wapet partner Chevron Overseas Petroleum Inc. (COPI) reported the discovery and detailed production results from other recent strikes as well as current exploration and drilling activity in the region off Western Australia at a security analysts' meeting in New York.