"Not all Australian companies active in the US onshore petroleum industry have the same problem. A little Melbourne thing that used to go by the name Eromanga Hydrocarbons but which now sports the new moniker, World Oil Resources, is a case in point. Its onshore US focus has always been on the new oil potential of old fields. It has been kicking some goals too, due mainly to its oil-focused land acquisitions coming ahead of the current land grab by shale gas producers intent on cranking up their oil exposure."
PG
P.S I don't hold but think it MAY have potential hence why I am reading this forum.
ABL Price at posting:
3.7¢ Sentiment: None Disclosure: Not Held
