STO 0.13% $7.99 santos limited

Dividends OK, page-53

  1. 2,669 Posts.
    Daytr

    Here is an article regarding the production procedure for shale gas/oil. (Click on the buttons at the bottom of the picture to go to a new frame)

    http://www.chevron.com/deliveringenergy/naturalgas/shalegas/shaledevelopmentprocess/howweoperate/

    The shale oil/gas basins are well known and delineated so it is a matter of getting some acreage and putting a well down. (There are no "dusters" in the shale game)

    http://en.wikipedia.org/wiki/Shale_gas_in_the_United_States

    The infrastructure in the US is extensive so it is just a matter of pumping the gas/oil a couple of kilometers to link up with the grid.
 
watchlist Created with Sketch. Add STO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.