So based on the beach report it looks like shale in the basin is a dead duck and uneconomical (no surprise for those following the story) which now puts all the focus on the coals. The question is will some get spooked by this and put the coals into the same basket even thought they are entirely different plays!! You would think if they have reached already econmic flows they are going to make sure firstly that they are stable and secondly that they have all thier ducks lined up so that they can fully benefit when the news hits the market. That being said it all takes time to get this done, so i for one are happy to wait a little longer.
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