Quote ''BPRL entered into the arena of Shale Gas in 2010 with acquisition of interest in a block with shale gas potential in the Perth basin in Australia. A well has been drilled in this block and core results are positive. As of mid September 2012, hydraulic fracturing of this well is over, with hydrocarbon shows in all the five targeted zones. Initial flowback results are encouraging'' Unquote
Now, a company of Bharat's magnitude won't use the words 'positive' and 'encouraging' for no reason...I trust them to know what they are talkin' about..
gotta Love this story...go N W E !!
Cheers - VOM
NWE Price at posting:
8.3¢ Sentiment: LT Buy Disclosure: Held