A fund manager that understands that the Cooper Basin is one of...

A fund manager that understands that the Cooper Basin is one of the highest margin oil plays in the industry with a history of minnows being taken over at significant premiums.

When coal seam gas first came to Australia, technology costs were high. Conventional US thinking was trialed and failed. Operators understood that they had to utilise different technology to unlock the value. Shale gas is now going through the same process. With more shale gas activity will come lower cost contractors and greater efficiency fracture equipment and at this time, the 'Oil in Place' will be rerated - assuming that they haven't been taken over by then.