"BHP Billiton is set to join the $1.5 billion rush by international oil companies to gain a foothold in the nation's burgeoning shale gas industry, flagging it would start taking land positions in Australia in the wake of its $US20bn of US shale acquisitions in 2011"
"Shell, which has big positions in offshore West Australian gas and Queensland's coal-seam gas, also has said it is studying a potential Australian shale move."
Good news for those with shares in the sector, who know if BHP is talking to CTP but the stories on Australian shale just keep pilling up. From a macro view it looks better by the day and I trust RC knows what he is doing. For those who are feeling impatient, adjust your timelines, this is not a footy season.
**The writer implies no investment recommendation. This report contains material speculative in nature. Investors should seek professional investment advice. The writer does not own shares in any company mentioned**
CTP Price at posting:
80.0¢ Sentiment: Buy Disclosure: Held
