While we are talking about Arckaringa.. All the big oils are chasing after the oil shale projects all over the world atm, and the competition is heating up..
Even Chevron is desperate enough chasing after oil shale in Agentina.
Ask yourself this question... would those big oils would just sit still and watch Arckaringa ?
http://hotcopper.com.au/post.asp?fid=1&pid=9539743&tid=2048578&rtype=thread
FORTUNE -- Chevron is taking quite a gamble snuggling up with Argentina. The U.S. oil giant confirmed this week it is officially partnering up with Argentina's (now) state-controlled energy company, YPF, in a bid to help the firm develop the South American nation's potentially vast deposits of oil shale, which, according to some estimates, could have the third-largest such reserves in the world.
read thiis, page-9
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