Central Australia
Within the next 10 years, there will be a big inland city in Central Australia to cater for the big shale gas industry there. Unless, unless, unless China AND India uncovers a big shale gas reserve in their own country. The chance of that happening in China is extremely high. Where there is coal, there is gas.
The first exploration of shale gas by BPT uncovered 2 TCF of shale gas. That is just THE start and the company thinks this is... just THE start.
The gas found there could compete with those in the NW Shelf! I wonder what Bob Brown is going to do. Shut them all?
posted by Club Mulgoa @ 5:49 PM
2 Comments:
Have had a few BPT for years and really has done nothing. More recently have bought CTP and topped up with some options. Hope central Australia repays my faith (or maybe silly hope)
The first good result is out. This sector requires patience. Just look at the USA shale gas history. Worth next to nothing and then billions.
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