LongReach Oil (LGO)

Shares / Stock Code

LGO

Stock Exchange / Sharemarket

Australian Securities Exchange

LongReach Oil (LGO) is an independent oil and gas exploration company, examining various oil and gas projects in WA and QLD. The company has also lodged applications for permits in the Surat basin, Queensland and the Sydney basin, NSW. Both exploration areas LGO will have a 50% stake in joint ventures with interested parties.

Longreach Oil Ltd is an Australian oil and gas exploration company, which was incorporated in NSW in 1954 and was first listed on the Australian stockmarket (ASX) in 1954. Its head office is situated in Sydney.

Although the company focuses its operations on oil and gas commodities, it is prepared to diversify its interests. The company has applied for a permit in the Sydney basin for the discovery of hot dry rock. This rock is used to create geothermal energy for electricity generation.

Most oil is sold into global spot markets, whilst gas is typically sold under long-term contract arrangements with utilities, large industrial users and steel plants. Key competitors include Rio Tinto, BHP, CH4 Gas Ltd (CHX) and Bounty Oil & Gas (BUY).

LongReach Oil (LGO) Products and Services

  • Oil & gas, gold, diamond and other mineral exploration and investment of funds

LongReach Oil (LGO) Locations and Subsidiaries

LongReach Oil Head Office
9th Floor, 82 Elizabeth Street, SYDNEY, NSW,
AUSTRALIA, 2000
Phone: (02) 9233 6022
Fax: (02) 9233 6475

LongReach Oil (LGO) Share Price

Submitted by ASX Listed Company on 12 May, 2010 - 19:12

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