USD 65.9961


EUR 73.2227


BRENT 59.02


AI-92 42.19


AI-95 45.95


AI-98 51.74


Diesel 45.78



L&M looks abroad for oil

L&M Petroleum is aiming to join a drilling programme in California

The company said that it had agreed principal commercial terms to farm-in to Perth-based Salinas Energy's search for light oil in the San Joaquin Basin.

L&M managing director and chief executive John Bay said the development was an important first step in the company's first move into a prospect outside this country.