Adelaide, Australia, Nov 17, 2012 - (ABN Newswire) - Oil Basins Limited's (ASX:OBL.AX - News) recent announcement of the Fortescue Metals Group's (ASX:FMG.AX - News) immediate Strategic Placement comprising 120 million new fully paid OBL ordinary shares will be of great interest to investors at the upcoming Investorium in Sydney on November 26th.
The Strategic Placement represents the first investment by FMG in the upstream energy sector and first investment by FMG outside of its core business of iron ore mining and development outlining the value in this energy company.
What may be of more significant interest, is that the two companies will be working closely together on new project and development opportunities within Australia.
Investors can register to attend the LIVE event in Sydney, on Monday 26th November at the following link:
About Fortescue Metals Group Ltd:
Development of the East Pilbara Iron Ore Project.
About Oil Basins Limited:
Oil Basins Limited (ASX:OBL.AX - News) is engaged in the investment in selected exploration production and development opportunities in the upstream oil and gas sector. Oil Basins Limited was listed on the ASX on 23 August 2006 and is involved in exploration for oil and gas initially in the offshore Gippsland Basin waters of south-eastern Australia and the onshore Canning Basin of Western Australia. Since listing the Company has increased its leverage across all of its assets and has increased its exposure to attractive and prospective areas with the Canning Basin.
Oil Basins Limited T: +61-3-9692-7222 F: +61-3-9529-8057 WWW: www.oilbasins.com.au Investorium Registration TEL: +61-2-8205-7353 EMAIL: email@example.com
Fortescue Metals Group Ltd
Oil Basins Limited
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