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To: Dennis Roth who wrote (168589)	5/17/2012 1:02:16 PM
From: Dennis Roth	1 Recommendation Read Replies (1) \| Respond to of 206191

ConocoPhillips Interested in More Australia Shale Investment (Update 1) By James Paton - May 15, 2012 5:26 AM ET bloomberg.com excerpt: The Canning Basin in Western Australia, where New Standard Energy and ConocoPhillips are exploring, is at the top of the Houston-based company’s list, Creeger said. The Cooper Basin in central Australia also has potential, he said. ---- Companies Weigh Early Shale Gas Investment Rush by Perry Williams Australian Financial Review Wednesday, May 16, 2012 rigzone.com excerpts: BHP Billiton, BP, Total and Shell are weighing up early stage investments in Australia's shale gas sector in a bid to secure acreage before assets become too expensive... ...Companies are active in central Australia, the Cooper Basin in South Australia, the Canning Basin and Perth Basin in Western Australia, and a number of basins in the Northern Territory... more at link

To: Dennis Roth who wrote (168589)	7/10/2012 8:53:25 AM
From: Dennis Roth	1 Recommendation Read Replies (1) \| Respond to of 206191

Beach Energy produces shale gas from onshore Australian Cooper Basin well Sydney (Platts)--10Jul2012/422 am EDT/822 GMT platts.com Beach Energy has produced shale gas from its Encounter-1 well in central Australia's Cooper Basin, which has tested at a combined rate of over 2,000 Mcf/day, the company said Tuesday. The flow rate from Encounter-1 was higher from six, as opposed to seven, fracture stimulation stages than in the nearby Holdfast-1 well, drilled earlier by Beach. The fracture stimulation of the two wells has confirmed productive shale contributions, which will assist in planning the horizontal well program for the second half of 2012, Beach said. The upcoming program will include the fracture stimulation of the Moonta-1, Streaky-1 and Boston-1 wells. "We are extremely pleased with the unconventional drilling and test results to date," said Beach Energy Managing Director Reg Nelson. "Beach is the only company that has flowed gas at significant rates from unconventional targets in the Cooper Basin, with gas flows from the shale zones as well as the Patchawarra Formation ... Our unconventional vertical exploration program for 2012 is on time and continues to build momentum." Last August, Beach booked a 2 Tcf contingent shale gas resource after drilling the Holdfast-1 and Encounter-1 vertical wells in its 90%-held license PEL 218. The Cooper Basin is Australia's largest onshore oil and gas province. The main Cooper Basin joint venture, operated by Australian exploration and production company Santos and about 20%-held by Beach, has already booked a sizeable contingent unconventional gas resource in the tenements surrounding PEL 218. As at June 30, 2010, that resource totaled about 5.4 Tcf of mostly tight gas, but the Cooper Basin joint venture has to date focused on conventional gas production. Shale gas exploration is still in its very early days in Australia, although it is starting to attract the attention of international majors. BG, ConocoPhillips, CNOOC, Hess, Mitsubishi and most recently Statoil have already taken a foothold in the fledgling industry. --Christine Forster, christine_forster@platts.com --Edited by Elston Soares, elston_soares@platts.com ===== related article The Next Big Thing - The Gas Revolution And (Australian) Stocks To Watch thebull.com.au