Metgasco farms into Cooper basin well

Metgasco Ltd., Sydney, has made an agreement with Adelaide companies Senex Energy Ltd. and Cooper Energy Ltd. to farm in to area surrounding the current Frey-1 wildcat within PEL93 of the South Australian Cooper basin for a 20% working interest. Source: News


MARKET WATCH: Brent crude oil price approaches $60/bbl on referendum vote

Light, sweet crude oil for November and December deliveries gained more than $1 to settle above $52/bbl on the New York market Sept. 25. Brent contracts for November and December gained more than $2 in London with the November contract closing above $59/bbl. Source: News