no more beach...

It's been confirmed that Beach Energy will no longer be spending up to $50m with Lakes. On the positive side Lakes will get back a great permit to themselves.
Who knows where they'll get $50m from now though test PRL2.

I wonder how this will effect all those people who have been buying up over the last week.
I guess theres 2 hurdles to get over now.
1 being that the government actually does lift the fraccing ban and the other is to get the money to do it.