more press on c/basin shale players, page-2

The Australian oil company this month completed its acquisition of Adelaide Energy Ltd., gaining shale gas exploration stakes in the Cooper Basin that Beach Energy said in November would consolidate its “strong landholding.”

Okay, consolidate on a gift of a takeover of ADE...

ICN is never mentioned in these articles but with so much consolidation or J/V possible, we are in not a bad position.

That 80% would have made us in fact now, a player with a box seat.

40% has put us a minority share holder... The board made a huge error here. This whole sector is going to get taken out an I hope our board will not take peanuts.

I feel it is not a "if" now... More a "when".. Just my feelings after reading so much press now in this sector. Reminds me of the start of the CSG boom an the start of the press presence then...