re: Ann: BHP Billiton and Petrohawk Announce ... Highlights:
* Huge, massive resource
* 2011 net production ~ 1Bcfe/d which is ~ 1/60 of US market
* Strong production growth with most of the resource yet to be developed
* EPS positive within one year
What I like about shale gas compared to offshore oil & gas is summarised in slide 16:
* Geological risk for shale is low compared to offshore oil & gas
* Time to first production is months vs years
* Payback is months vs years
* Significant flexibilty
* Substantial expandability
I think this will be a positive not just for BHP, but also for the nascent shale gas/coal gas industries in Australia.
Ann: BHP Billiton and Petrohawk Announce Merger A, page-4
Add BHP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$43.56 |
Change
0.390(0.90%) |
Mkt cap ! $220.9B | |||
| Open | High | Low | Value | Volume |
| $43.64 | $43.73 | $43.26 | $211.2M | 4.849M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11133 | $43.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.57 | 5435 | 3 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |