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Investing in Australia

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Butlers-1 flows for Beach
Upstream Online  Jul 3 
Australia’s Beach Petroleum reported that the Butlers-1 oil discovery has flowed 2600 barrels of oil per day following its completion as a producer in licence PEL 92 in the state of Queensland.
Free-Range Goats Promise 12% Private-Equity Gains in Australia
Bloomberg  Jul 3 
Free-range goat farming in rural Australia is a low-cost investment that may offer annual returns of as much as 12 percent, said Peter Hannen, chairman of private-equity firm MG Capital Plc.
Beach extends Drillsearch deadline
Upstream Online  Jul 3 
Australia’s Beach Petroleum has waived all conditions and extended the offer date in it’s A$50 million (US$37 million) takeover bid for compatriot Drillsearch Energy.
[$] Rio Tinto completes $15.2bn share sale
Financial Times  Jul 3 
Rio Tinto has successfully completed its $15.2bn rights issue and shored up its financial position after the miner's Australian shareholders took up 95 per cent of their entitlement to the new shares
Pertamina mulls new bid for Iraqi block
Upstream Online  Jul 3 
Indonesian state-owned oil and gas company Pertamina is submitting a new bid for an oil block in Iraq and will team up with Australia’s Woodside Petroleum to bid for a gas project in Indonesia.
Australia Faces the ‘Full Brunt’ of Global Recession
Bloomberg  Jul 3 
(Update1) Australia’s economy, which has so far skirted the global recession, may stall after reports showed exports dropped to a 14-month low, bank lending fell and home- building approvals declined by the most since 2002.
Japan, Australia Stock Futures Drop on U.S., Europe Employment
Bloomberg  Jul 3 
Japanese and Australian stock futures dropped after government reports showed job markets continued to worsen in the U.S. and Europe.
Australia's Supply of Services Grow for First Time in 15 Months
Daily FX  Jul 3 
The level of services provided in Australia in May grew for the first time in 15 months as renewed risk-appetite came on the back of governmental cash...
Coleman Buys Esky from Nylex in Australia
New York Times  Jul 2 
The outdoor recreation company Coleman Australia has bought the Esky brand from Nylex and plans to expand the iconic Australian brand internationally, The Australian reported.
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