Shale Gas

http://www.thegwpf.org/images/stories/gwpf-reports/Shale-Gas_4_May_11.pdf

Worth reading but it sounds too good to be true. And if China uncovers its own supply (because it is very rich with poor quality coal), then LNG may not be as needed.

Meanwhile, I had been the idiotic seller of BRU some time ago. The Canning Basin and the shale gas in Central Australia are thought to be huge. I got rid of Buru because it had hardly moved for a long time. Since I sold, it has gone up by nearly 200%. The main problem is that while shale gas is known to exist in that onshore part of WA, the explorers have not hit any jackpot. It is a matter of time.

The same applies to Central Australia... and I have invested heavily there. There are CTP, BPT, BKP, ICN, STO, COE while in NW WA, I have only invested in OBL. There are also coal-seam gas explorers too like ESG, MPO, etc.

If fraccing is allowed and done, the results will be fantastic. But Bob Brown, the de facto Prime Minister, might not allow it. And investors in oil and conventional gas are rubbishing shale gas because it will provide competition. I invest in all of them, include quite a few exploring in Gerogia, USA, Somaliland, Senegal, Ghana, Ivory Coast, Morocco, Vietnam, France, etc.

One of the most interesting areas in the map in that article is Paraguay. The whole nation is floating on shale gas!