...or that PetroChina is increasing theirs?Why would they do...

...or that PetroChina is increasing theirs?
Why would they do that?

In all seriousness, this is a good thing.
CP and PC are going to work closely with each other.

CP wants access to some of China's best marine shales, so for them it's a matter of diversifying into quality. Letting the Chinese into the Goldwyer and in return CP gets access to China.

I am truly staggered that BHP has spent 20billion in the US and hardly a penny on AUstralian shale.

It could well have wrapped up the entire continent for a billion dollars worth of farm-ins and set aside the other 19b for further development.

Who knows how the market will take this announcement?
IMO it should be a sign of confidence in teh Goldwyer.