Longreach Oil Ltd. is an Australian oil and gas exploration company, which explores for and develops oil and gas and other mineral properties in Australia and internationally. The firm operates its business through two segments: Exploration and Investment. The Exploration segment relates to exploring for metals and other minerals and primarily for oil, gas and other energy resources, either directly or through equity investments in exploration companies. The Investment segment predominantly relates to an investment in a U.S. based company specializing in advanced telecommunications. The company was founded in 1954 and is headquartered in Sydney, Australia.