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Warrant Issuer Report NVS Call Warrants

Document date:  Tue 10 Mar 1998
Published:  Tue 10 Mar 1998 00:00:00
Document No:  135363
Document part:  A
Market Flag:  N
Classification: 

HOMEX - Melbourne                                                     

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Pursuant to ASX Business Rule 8.9.4, Australia and New Zealand
Banking Group Limited ("ANZ Bank") advises as follows:

1. As at 31 December 1997 (being the date of last notification of ANZ
Bank's relevant interest in NVSWAA), ANZ Bank held a relevant
interest in 2.60% of the issued capital of Novus Petroleum Limited.

2. As at 4 March 1998, ANZ Bank held a relevant interest in 1.57% of
the issued capital of Novus Petroleum Limited, being a change of more
than 1% of the issued capital of that Listed Entity since the date of
the last report.

NOTE:  The above securities may not be held in connection with ANZ
Bank's capacity as a warrant issuer, and the holder of some or all of
the above securities may be an associate of ANZ Bank, and not ANZ
Bank itself.



T. A. Paine
COMPANY SECRETARY
                       
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