Shale Gas

Last year, shale gas company in Texas costs USD$25000 per acre. You can buy BPT for the equivalent of $406 per acre.

http://www.thebull.com.au/articles/a/26401-opportunities-galore-in-aussie-shale-gas-boom.html

Is that true? If it is, Australia can be bought for a song. Energy cost in the USA has come down due to the abundance of shale gas. While Greenies have been jumping up and down about the hazards of fraccing, the Yanks are not complaining about cheap gas.

I have a dilemma at the moment. If I hold onto shale gas stocks for too long, the USA is going to start exporting gas soon. And China has an even bigger reserve of shale gas but it has to decide whether to allow fraccing. So eventually, the two biggest markets have enough energy supply and will not need Aussie gas. Meanwhile, Japan is looking at tapping into underwater trapped methane gas.