Shale oil and gas

There is a technology to drill horizontally at depth now. This means more oil and gas can be located and extracted by hydraulic fracturing of rocks. Now it explains why my stocks that invested in the Brakken Shale tenements are doing well. A good example is SSN. And my SGY is now green after years of losses. These are not the only ones I have invested in the USA.

BPT, BKP and CTP are the big players in Central Australia. So when the technology moves downunder, we will see a re-rating of those companies. And there is shale in NW WA too (OBL, BUR).

BKP is only 1.7c, OBL is around 3c. I have sold off BUR some time ago and may come to regret it!