Autosime. You were prepared to have a throw at the stumps regarding the commerciality of shale gas in Australia, suggesting that $8 figure. Based upon your estimates, what value does that put on 218, if that 300TCF (as stated by Reg) with 25% recoverable gas (as determined by the U.S. Energy Information Administration's World Shale Gas Resources Report of April 2011 on the Cooper Basin), prove to be accurate? And would you then extend that to 855 also, with probably larger numbers and taking into consideration the "friendly" location of both 218 and 855, with the existing infrastructure and possibly much of that gas being able to be recovered through vertical wells? Appreciate your thoughts.
BPT Price at posting:
$1.43 Sentiment: LT Buy Disclosure: Not Held
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