Club Mulgoa

Tuesday, August 16, 2011

Aussie Shale Gas

http://www.proactiveinvestors.com.au/companies/news/18723/baraka-energy-and-resources-eyes-first-well-drilled-by-petrofrontier-corp-in-georgina-basin--18723.html

This is the second attempt. The first by BPT came up with a 2 tcf of shale gas. If BKP is also successful, then expect an explosion in share prices of Central Australia shale gas explorers. If not, then ooooops! There are US government and Aussie government reports that point to the right direction but pointing and drilling may give different results. This is where you do a calculated gamble. Why would scientists be paid to do rubbish assessment?

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