KAR 2.84% $1.88 karoon energy ltd

a bit of solid info, page-26

  1. 745 Posts.
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    I am not questioning your or JW's integrity by posting this link but its contrary to what you posted.

    http://www.scmp.com/business/commodities/article/1364705/spt-turns-bullish-shale-gas-outlook

    SPT Energy, a provider of oil and gas drilling services, expects the percentage contribution from shale gas projects to its revenues to triple in three years, as the development of nascent energy resource becomes more mature.

    Wang Guoqiang, chairman of the Beijing-based company, which went public in Hong Kong two years ago, said revenues related to the drilling of shale gas - an unconventional natural gas that adheres tightly to shale rocks thousands of metres underground - would make up more than 10 per cent of revenues by 2016. This compares with 3 to 5 per cent currently.
 
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