re: Ann: Beach Secures $150 Million Financing... I would say it allows them to lock in contractor agreements for an aggressive shale effort if frac results come in good. IMO the only way to get the economics right in Australia for horizontal drilling and fraccing is to put together a large program in one area as we don't have the large scale market the US enjoys - not yet anyway.
Ann: Beach Secures $150 Million Financing Facilit, page-4
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