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The Sydney Morning Herald: Shell reports big finds in Australia

Friday July 27, 2007 – 6:11AM

Oil major Royal Dutch Shell has said it had made material finds in Australia and Malaysia in the first half of this year.

Chief Executive Jeroen van der Veer said the company had made the finds of gas at its Prelude and Persephone prospects off Australia’s northwest coast and of oil and gas offshore northwest Sabah in Malaysia.

The CEO singled out Prelude, in the Browse basin, for particular mention.

“We think it may be an important new resource,” he told a news conference in London.

Reuters

http://www.smh.com.au/news/business/shell-reports-big-finds-in-australia/2007/07/27/1185339198193.html

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