True in US atm anything got to do with shale gas would attract...

True in US atm anything got to do with shale gas would attract top dollar, AZZ would lucky to pickup the lease early on before the new "liquid gold rush". There are a lot of lease holding consolidation going on at the moment as big player like BP, Shell and Cocophilip etc...entered the hunt. So for AZZ holding in the area, anything lesser than $1.50 AUD not worth considering. I have seen some transaction in the same area worth up to $43000/arce...There are still a lot to learn about shale gas play as the it s new, most operator still learning on the job as they drill. To make the matter worse each shale reserve/well displayed different flow characteristic. So can't apply result of one on another, but AZZ still have a lot to learn as they drill on.