A boom in the unconvential gas to be expected in Australia soon? unconvential gas are gas such as coal seam gas,shale, deep gas. Sooner or later blue energy will face takeover bid.Its collection of massive land bank will finally pay off,hang on there guys...
Chevron to buy Cooper Basin shale gas assets from Beach Energy by February 25, 2013 2:30PM
CHEVRON will buy Australian shale gas assets from Beach Energy for up to $US349 million, placing a bold bet on the potential to replicate the US boom in unconventional gas output in the Outback. Chevron is acquiring stakes in an area covering 810,000 acres--equivalent to three times the size of Hong Kong--that is largely untested for shale gas but near pipelines connecting with several multibillion dollar gas-export facilities being built by rival energy companies on the eastern coast.
BUL Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
