Shale players target Cooper basin

01 February 2012

Damon Evans, SINGAPORE: Activity in Australia’s emerging Cooper basin shale-gas play has shifted up a gear. Two separate deals will see unconventional-gas firms positioning themselves to tap the potentially lucrative sector.

UK-based BG Group has emerged with a 9.4% stake in local firm Drillsearch Energy, one of the fastest-expanding local shale-gas players. BG’s Australian offshoot, Queensland Gas (QGC), says it will take up an option to...

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Excitement over Australia’s shale-gas prospects has allowed juniors operating in the emerging sector to make big gains last year. But whether the perceived opportunities deliver anything more than inflated stock prices remains to be seen, writes Damon Evans

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Shale players target Cooper basin

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