bhp likes the canning basin ?

This article worth a read ... on smh.com.au ... article on BHP petroleum chief, Mr Yeager

Looming revaluations to cast BHP shale investments in better light

http://www.smh.com.au/business/looming-revaluations-to-cast-bhp-shale-investments-in-better-light-20121112-298cs.html

Mr Yeager said BHP was ''pushing hard'' to see if it could develop a similar shale business in Australia, having investigated every basin on the continent.

The Canning Basin in Western Australia and the Cooper Basin in outback South Australia loom as the most prospective, but Mr Yeager said high costs and the need to export the gas overseas to be profitable remained unresolved issues. Santos has already started work on shale prospects in the Cooper Basin.


Read more: http://www.smh.com.au/business/looming-revaluations-to-cast-bhp-shale-investments-in-better-light-20121112-298cs.html#ixzz2C2udGolH