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closer to the target, page-17

  1. 21,239 Posts.
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    Speculator. Why I said that this could be the most significant well CURRENTLY being drilled, is that IF the results confirm that 855 is the continuation of 218, then the combination of STO's Moomba discoveries, on top of BPT's 218 results, will virtually de-risk the Nappamerri Trough for shale gas. And as Dinero rightly states, will be the natural supply source to the East coast of Australia and will give the Gladstone plants the gas they need to supply their o/s contracts.
    That is a far distant cry from "getting data" and " been assessed".

    It would be of major significance to Australia and put it on the road to replicating the shale gas boom in the U.S. which has transformed their entire energy picture. Could make CSG obsolete if state governments keep up their current stands. Let's all hope that 855 does replicate 218.

 
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