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855 sweet spot for shale gas, page-13

  1. 21,342 Posts.
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    Good on you Invertedva. 40% of 855, if it proves to be what they are all making it out to be, with a 20 year+ GSA, a small I.C. and relatively tight share register, low cash, low SP, you would think that would make ICN a pretty simple juicy target to get a foot into the "hot" Nappamerri Trough. "Someone" is doing a great job of keeping a lid on the SP too???!!!
    Personally, it is not my primary thought, but, it has now been several months since we read that many majors are sniffing around and I reckon that most of their noses will be pointing in one direction at the moment. BPT is also well and truly on the radar too.
    Very interesting 6-8 weeks ahead. Well timed.
 
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