AUSSIE INDEPENDENT ABOUT TO SIGN VIET NAM PSC

Anzoil NL, West Perth, Australia, expects to sign soon a production sharing contract (PSC) covering a block in Viet Nam's Hanoi basin. The company recently completed negotiations of terms of a PSC covering 4,750 sq km of onshore and shallow offshore acreage in the Tertiary Hanoi basin of northern Viet Nam. ft includes Tien Hai gas field, productive from pay at 1,200 m. Shallow Tien Hai production is excluded from the PSC, but deeper pay and any incremental reserves in the productive zone at

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