Shale Gas

At the moment, there are so many shale gas explorers in Australia at less than 10c per share. In the USA, these companies were in the fringes. Now they are fetching billions from the big boys who moved in late... including our BHP.

The market is different from the USA. Hardly anyone lives in the Central Australia or in the North of NW WA. And our population is tiny. Pity the kangaroos and camels don't need any gas for heating. Even their numbers are small.

I might have to bite the bullet and go back to buying BRU. But in Central Australia, I own quite a few companies prospecting there. If BPT is successful at proving the extracting technology, shale gas producers will be hot on the ASX. But if it fails, well.... don't tell your spouse that you heard about shale gas from me! Investing is about taking CALCULATED risk. Can't handle it? Don't touch any of the shares I write about. Stick to boring Bonds, not James.