Beach holds 55% of another prospective unconventional play
"We identified a good shale gas play and gradually secured a strong acreage position in the prospective fairway. Now that our acreage position is established, we can be more definitive about our views on the prospectivity of the play. We rate the Casterton play highly and consider that it has the potential to yield substantial gas reserves, of similar size (two trillion cubic feet - tcf) to the resource recently announced in the Nappamerri Trough".
ADE Price at posting:
20.0¢ Sentiment: LT Buy Disclosure: Held
