An article from AFR today,Quote:"The company, which, like Santos...

An article from AFR today,

Quote:

"The company, which, like Santos and Beach Energy, operates in South Australia’s Cooper Basin, has estimated some 20 trillion cubic feet of unconventional gas is in place at its PEL 570 permit, split between 13 trillion cubic feet of shale gas in place and 8 trillion cubic feet of tight rocks gas in place.

Ambassador holds 100 per cent of the permit, but any takeover activity is seen emanating from fellow shale explorer Senex Energy with whom its negotiated a farm-in on several other blocks in the Cooper.

Other players in the sector who may be casting an eye on Ambassador could include Drillsearch and Icon Energy."

I thought we are busy covering our rear end??!!