Oil Basins Ltd. (OBL.AX) is Australian Oil Stock Highly Leveraged to the Price of Oil
Oil Basins Ltd. (OBL.AX) is an Australian-listed junior exploration and development company. The company successfully listed their shares in Australia in 2006, raising $2.5 million. Oil Basins is involved in the exploration of oil and gas in the offshore Gippsland Basin waters of southeastern Australia, the onshore Canning Basin of western Australia, and recently in the offshore Carnarvon Basin waters of Western Australia. Oil Basin's exploration portfolio includes three areas onshore in the Canning Basin, along with two offshore areas, one in the Gippsland Basin and the second, recently acquired offshore acreage in the Carnarvon Basin waters of western Australia.…