Article: BUSINESS IN ASIA TODAY - JULY 8, 2002.

Business in Asia on July 8, 2002. A summary prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, market intelligence and business opportunities:

AUSTRALIAN FIRMS TO EXPLORE OIL & GAS OFF FALKLAND ISLANDS

PERTH - Australian firms Global Petroleum Ltd and Hardman Resources NL (ASX:HDR) are to pioneer exploration for oil and gas south and east of the Falkland Islands. The Falkland Islands Hydrocarbon Consortium today announced that it had been awarded 10 adjoining offshore exploration licences in the region, covering an area of 57,700 sq km. Unlisted Brisbane company Global Petroleum Ltd has a 50 per cent ...

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