Territory Stories

The Northern Territory news Thu 27 Oct 2011

Details:

Title

The Northern Territory news Thu 27 Oct 2011

Other title

NT news

Collection

The Northern Territory news; NewspaperNT

Date

2011-10-27

Description

This publication contains may contain links to external sites. These external sites may no longer be active.

Language

English

Subject

Community newspapers -- Northern Territory -- Darwin; Australian newspapers -- Northern Territory -- Darwin

Publisher name

Nationwide News Pty. Limited

Place of publication

Darwin

Use

Copyright. Made available by the publisher under licence.

Copyright owner

Nationwide News Pty. Limited

License

https://www.legislation.gov.au/Series/C1968A00063

Parent handle

https://hdl.handle.net/10070/235447

Citation address

https://hdl.handle.net/10070/645787

Page content

www.ntnews.com.au Thursday, October 27, 2011. NT NEWS. 25 P U B : NTNE-WS-DA-TE:27-OGE:25 CO-LO-R: C-M Y-K www.propertyshopdarwin.com 8981 5000 Lic Agents of 3 Shepherd St, Darwin Girraween Lots 53, 54, 55, 56 and 5395 Hundred of Bagot 5 Adjacent Vacant Sites 153 hectares or 379 acres in total A rare offering indeed! In the heart of Girraween, convenient to the Howard Springs shops and school. Existing subdivisions adjoin to the Southern and Western boundaries. Generally low-lying and sandy but with some high land. Excellent access off Compigne Road and dry season access on Whitewood Road (4WD). May sell as one or separately. Expressions of Interest close at 5pm Thursday 17th November Tony ONeill 0412 898 343 re 1 7 0 4 0 3 For more advertising information please call Amanda Youell 8944 9931 Email: youella@ntnews.com.au Joelle Appleby 8944 9804 Email: applebyj@ntnews.com.au Oliver Vickers-Price 8944 9819 Email: vickerspriceo@ntnews.com.au 1 7 fg o p ti o n s 0 2 Cycle Safely Publication Date: Sunday, November 20, 2011 Does your business promote safe cycling? More and more Territorians are choosing to enjoy the outdoors and get active by riding their bikes to both work and school. And, with the increase in public bicycle paths throughout the Territory now is the perfect time to show your support for safe cycling and promote your businesses in this NT News special advertising feature, Cycle Safely. If you would like to contribute to this special feature you are invited to purchase an advert space to help further promote your business or service. Deadline: Friday, November 4, 2011 Amanda Youell t 8944 9931 f 8941 7559 Email: youella@ntnews.com.au World Diabetes Day Publication Date: Monday, November 14, 2011 On Monday, November 14, The NT News will publish a special advertising feature for World Diabetes Day. for those affected by it editorial consideration If you would like to contribute to this special feature you are invited to purchase an advert space to help further promote your business or service. Deadline: Monday, October 31, 2011 Oliver Vickers-Price t 8944 9819 f 8941 7559 Email: vickerspriceo@ntnews.com.au features options your advertising options Publication Date: Friday, November 18, 2011 equality and diversity through a range of week long events. As a local Territory business, now is the perfect opportunity to annual event by taking part in our NT News feature page. If you would like to contribute to this special feature you are invited to purchase an advert space to help further promote your business or service. Deadline: Friday, November 4, 2011 Amanda Youell t 8944 9931 f 8941 7559 Email: youella@ntnews.com.au ntnews.com.au l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l BUSINESS The biggest oil find in 70 years Karoon Gas has announced it will spend up to $1 billion on a two-year drilling program Picture: AFP AUSTRALIAN explorer Karoon Gas has told its shareholders that its Brazilian fields are part of the biggest oil discovery in 70 years. Investors heard the company would spend up to $1 billion on a two-year drilling program it hopes will dramatically increase its resource base. That includes five to eight wells in Western Australias Browse Basin, a minimum of three wells in Brazil and a further two in Peru. Executive chairman Bob Hosking compared the Brazilian assets with owning prime CBD property and just needing a developer to build something on it. The company recently appointed Brazilian Jose Coutinho, former chief executive at global energy giant Petrobras, to its board. Karoon has 20 per cent equity in a Petrobras-operated block in Brazils Santos Basin. Theyve found arguably the biggest oil reserves in the world since the second World War in that Santos Basin, Mr Hosking said. Weve got five blocks at 100 per cent . . . we like the address. Karoon hopes to farm out 30 per cent of those blocks to new partners such as state-owned Petrobras to spread some of the risk. Mr Hosking predicted that alone would cover 60 per cent of its drilling costs in Brazil. Mr Coutinho said Karoon was in the right place at the right moment when it acquired its Brazilian blocks. Karoons shares gained 10c, or 2.6 per cent, to close at $4. East Timor plant mooted Peter Coleman WOODSIDE Petroleums new chief executive has not ruled out an onshore processing plant in East Timor for the multi-billion-dollar Sunrise liquefied natural gas (LNG) project, although the company is still pressing ahead with a floating plant concept. Peter Coleman, who took over from Don Voelte earlier this year, indicated to journalists on the sidelines of the Commonwealth Business Forum in Perth that he had not ruled out an onshore processing plant for the stalled Sunrise LNG project in the Timor Sea. Mr Coleman also kept options open for the Browse LNG project processing site. Peabody wins control of Macarthur EUROPEAN steelmaker ArcelorMittal has pulled out of its joint deal to take over Macarthur Coal with USbased Peabody Energy. The deal will continue but with ArcelorMittal to sell its interest to Peabody, giving the US energy giant total control of the Queensland coal miner. Peabody Energy and ArcelorMittals joint venture bid vehicle PEAMCoal took a majority stake in Macarthur Coal earlier this week, after launching a $4.9 billion takeover bid. ArcelorMittal said the deal required it to invest too much capital in a business it wouldnt fully control. Rate cut doubts as inflation slows THE rate of inflation has slowed but economists are divided on whether there will be an interest rate cut soon. The Reserve Bank of Australia (RBA) adjusts the cash rate to keep the inflation rate in a target band of two to three per cent on average over the medium term. The headline Consumer Price Index (CPI), the key measure of inflation, came in exactly as expected, posting a rise of 0.6 per cent in the September quarter, for an annual inflation rate of 3.5 per cent. Underlying inflation rose 0.3 per cent in the September quarter, to rise 2.5 per cent a year, the Australian Bureau of Statistics said yesterday.