Reference your telegram 29th September. [1] I would refer you to
my telegram of 25th May [2] stating Oil Search not prepared to
proceed with proposal, but Oil Concessions ready to raise
necessary capital. Substance of your telegram under reference has
been communicated to Oil Concessions, who intimated they would
prefer to secure concession over whole area even if this meant
indemnifying Wittouck [3] as capital could be raised more easily
on this basis. They are communicating their views immediately to
their representative in Lisbon (Dodson). [4]

MINISTER EXTERNAL AFFAIRS