E&D PICKS UP STEAM IN BASS STRAIT

Industry's exploration and development campaign is heating again in Australia's Bass Strait. An Australian group led by Sagasco Resources Ltd., Adelaide, is preparing an appraisal program to delineate reserves for a proposed $500 million (Australian) development project in the Bass Strait to supply Tasmania with its first natural gas. In other Bass Strait action, a joint venture of Esso Australia Resources Ltd. and BHP Petroleum Pty. Ltd. is about to resume drilling off Victoria's

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