petrofrontier corp. announces farm-in agreemen, page-19

"At current valuation, the deal provides BKP holders with significant upside potential that was laying dormant before this deal.

To put the deal further into context, Statoil’s farm-in is also larger than previous foreign investments into Australian shale gas.

UK gas giant BG had last year formed an A$130 million joint venture with Drillsearch Energy (ASX: DLS) to explore for and develop shale gas in the Cooper Basin while Mitsubishi Corporation and ConocoPhillips have made A$152.4 million and US$109.5 million (A$107.4 million) deals with Buru Energy (ASX: BRU) and New Standard Energy (ASX: NSE) respectively."

http://www.proactiveinvestors.com.au/companies/news/30384/baraka-energy-and-resources-to-benefit-from-a206m-statoil-investment-into-nt-oil-and-shale-30384.html