Shale drilling

Apparently in the USA, big oil companies are chasing small oil companies, using new technology to get at new oil deposits. The outcome has been extremely rewarding and significant amount of oil can now be extracted. Where once it was cheap to have the tenements to explore, it is now becoming very expensive.

I have some companies exploring in the USA. SSN is doing very well. SGY has just gone green after being a loss for a long, long time.

But what I want to highlight is my Australian companies exploring in Australia. There are shale deposits in WA, QLD and NT/SA. At the moment, these companies are worth very little with very little spare cash. However, sooner or later, the big boys will move in. I don't know if the geology is the same but if you listen to BPT, you would think this is the place to be. My CTP has been a loss, OBL has sunk and BKP was only bought recently. BPT is the biggest of the small boys but CTP has the biggest tenements. BKP recently announced that there are outside interests wanting to make a move on it. These are very, very high risk companies with very loud dog whistling. But when you look at what is happening in the MidWest in the USA, you would think that it is wise to jump in ahead in Australia. Good luck if you do but be prepared for nothing for a while and possible loss if the geology is different. Most are losses for me but I would like to top up some of them.