Club Mulgoa

Friday, August 31, 2012

Shale Gas

Lots of articles have been written about Australia's untapped wealth in central Australia.  In the USA, a slow trickle by small explorers has turned into a major investment ground for the big big boys.  And even the big Chinese state-owned companies are moving in for a bite.

But in Australia, it is only in the radar of very few big boys.  Yet STO and BPT (probably the biggest of the gas explorers/producers in that region) have been relatively stagnant.  I consider myself lucky that someone dumped their BPT shares at $1.175 for me to pick up a small parcel on Friday.

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