bharat deal opens doors to india

From the media reports off the NWE site
Media monitors
John Phaceas

ONE of India's largest oil and gas
refiners has heralded the dawn of
a new era of Indian investment in
Western Australia after signing up to
hunt for shale gas just north of Perth.
Bharat Petroleum Corp, India's second
largest petroleum refiner, last week
agreed to spend $15 million to earn a
stake in two major gas permits near
Dongara.


Under the latest deal, Bharat will
acquire half of Norwest Energy's 55
per cent interest in the EP413 shale
gas permit, located onshore between
Eneabba and Dongara, and buy into
Norwest's wholly owned TP15 permit
which lies immediately offshore.

Shale gas exploration is already well
advanced in the neighbouring permit
held by AWE, in which a first shale
gas resource is expected by the end
of the year.

Its all good,not long to go.