INPEX Joins Mine Exploration Project in Western Australia.Tokyo, Japan, Aug 3, 2006 - (JCN JCN Japan Corporate NewsJCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) ) - INPEX INPEX Information Nouveautés Pharmaceutiques Holdings Inc. announced on July 27 that wholly subsidiaries INPEX Browse and INPEX Alpha had acquired a 35% interest of the WA-357-P, a 20% interest in each of the WA-274-P and WA-281-P located in the offshore North West Shelf, Western Australia., where giant Ichthys field was discovered in the petroliferous Petroliferous is a word used to describe a rock or geologic formation containing or yielding petroleum. See Bituminous rocks Browse Basin. The acquisitions have been approved by the Commonwealth and Western Australian Government. Regarding the WA-274-P area, INPEX Browse acquired 20% interest from the operator, Coveyork Pty. Ltd, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Santos Limited (Santos). Santos will have a 30% interest in the permit after the transfer, while Unocal Western Australia Pty Ltd, holds the remaining 50% interest. INPEX Holding makes its effort to expand the oil and gas assets in Australia through an acquisition of three exploration areas. Copyright [c] 2006 Japan Corporate News Network. All rights reserved. |
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