United Australian Oil Inc. - 1961-1970 dated Australia Stock Certificate
Inv# FS2276 Stock
Stock. Oil shale deposits in Australia vary significantly, encompassing both small and extensive reserves. These deposits, differing in age and origin, can be found across approximately one-third of eastern Australia. As of 2012, the estimated demonstrated oil shale reserves stood at 58 billion tonnes, with the most accessible deposits situated in Queensland. The exploitation of these deposits began in the 1860s, primarily in New South Wales and Tasmania. However, the oil shale industry ceased operations in 1952, only to resume in the late 1990s. By 2012, there was one pilot shale oil plant and several development projects actively operating in Queensland and Tasmania.
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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