So much talk of shale production being years away (well within 5 years from latest media report), all ignored is CBM, the sort Airth have sitting waiting for the tap to be turned on. Lower cost and much much sooner? Igas also keen on cbm and with all that acreage must be some shallow stuff they can move to get some near term cash flow.
Im of the opinion as soon as the probabilites cross a certain point with regard to flows from these shales a major will be all over igas like a cheap suit.
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