Hi.I found this article to be a compelling...

Hi.

I found this article to be a compelling read:

http://www.nortonrose.com/knowledge/publications/55107/unconventional-series-the-shale-gas-revolution-comes-to-australia

There are some excellent points.

It mentions the recent shale gas transactions in the last 12 months and how they are small compared to the US and CANADA but as resources in Aus become better defined, the transaction values could increase significantly here.

It also discusses the improvement in extraction technology and how the Canning Basin has the highest technically recoverable resources in Australia.

It mentions the recent promising results from Beach and Exoma Energy.

Also, the critical risks facing the shale gas industry here. When you read these risks, a couple of the main hurdles are eliminated with NSE because of the fact that Conoco in spending $110 million, bring all their specialised expertise and personnel that competitors may be lacking. You then look back at the article Anatol posted about Lloyds talking about financing commitments well advanced and I get the impression that the lenders are becoming more comfortable as well.

Bye.