re: Ann: Cooper Basin NTNG and SACB JV Unconv... SACBJV according to Beach is close to declaring shale gas business as commercial. If that is true then investors might start piling into this very expensive and prolong shale gas venture once Santos comes up with the announcement. I am no fan of shale gas. I just look at the wet gas business of Drillsearch and it is just terribly slow and more for the benefit of the people that work directly rather than shareholders. If a wet gas business cannot come up with impressive profits then what chance can a dry shale gas business be highly profitable.
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