september 2012 operational update , page-9

This article is care of Acreage on the azz forum

http://www.bloomberg.com/news/2012-09-27/shale-takeovers-looming-as-texas-discounted-in-australia.html

"...Molopo, another potential target, sold its Australian coal- bed methane holdings to PetroChina Co. in August so it could focus on the U.S. and Canada, while Red Fork has projects in Oklahoma covering a combined 145,000 acres, according to its website.

Molopo also is considering a listing on a North American stock exchange, potentially Toronto, CEO Granger said last month. The listing closer to its operations may help Molopo’s share price “get treated with a little more respect,” he said.

“It’s game-on over there, and for the right basins with the right producible characteristics, those assets will be keenly sought,” Griffiths, the fund manager, said. “We’ve seen a couple of successes and there will be a few that won’t work, but it looks like it has worked well for the Aussies.” "

End of Quote.

When you think about it, these plays could be more secure than the lng plays in Oz.
Shale gas is uneconomic at the moment in the US with prices linked to Henry Hub.The price can only go up in the long term once the US move to export as seems likely with some moderation.Thus giving more upside potential in these plays, rather than the likes of aussie shale and csg companies whose economics have been estimated on crude oil prices