lloyds to finance investments in aust shale, page-2

Pel 218 in the cooper basin is close to the moomba gas pipeline and ADE have their own gas plant next door, as well as expended gas wells for storage of gas. This looks a logical fit for any companies wishing to joint ventue or t/o of beach or ade especially following todays announcement. See ade annoucement today their shale % if converted to reserves is three times whats been processed through their gas plant for the last 20 years with the potential for more to come. This is the first scratch of the surface result 100 sq km out of a total of 1600 sq km for the napp trough so gas numbers could end up to be mind boggling.

Santos have also shown interest in any of beachs gas for its lng.

So who will get in first?

This story is only going to grow as time passes will await to see what the final story looks like and how much it sells for once it hits the bookshelves.