my guess is that it can only be a GOOD thing.
because:
- ADE was a plaything of Beach's anyway, and Beach was Operator of shale assets.
- beach had its eye on ADE all along
- it demonstrates Beach's intent on consolidation of the shale gas assets
- it will indicate that Beach wants to operate 218 and 855 as the one resource
- it says to me, that there will be much better intent by Beach to come to some "arrangement" to develop these TWO permits in a co-operative manner
- IT MAKES SENSE
- Beach's announcement that its a basin-centred play, to me means that all the different resources (shale, CSG, conventional) will be targetted in a co-ordinated way.
PLEASE BEACH - COME AND MERGE WITH ICON!
DEPENDING ON PRICE, I WOULD MUCH RATHER BE PART OF THE BEACH GROUP THAN ICON !!!
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