SHALE GAS INDUSTRY – AUSTRALIA

Origin awaits Beetaloo gas bonanza go-ahead

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 15 : 20-Jul-17

Origin Energy’s chief geologist David Close says the company could potentially resume a shale gas drilling program in the Beetaloo Basin in 2019 if the Northern Territory relaxes its ban on hydraulic fracturing. It has been estimated that the Beetaloo Basin region accounts for about 70 per cent of the NT’s shale gas reserves. Saul Kavonic of Wood Mackenzie says production of commercial volumes of shale gas in the Beetaloo Basin is unlikely before 2025 even if the ban on fracking is scrapped.

CORPORATES
ORIGIN ENERGY LIMITED – ASX ORG, WOOD MACKENZIE, SASOL LIMITED, FALCON OIL AND GAS LIMITED

Armour Energy to target LNG markets with AEP

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 18 : 9-Nov-15

Australian-listed Armour Energy will undertake a shale exploration program in the Northern Territory’s McArthur Basin in partnership with American Energy Partners (AEP). Armour shareholders approved the farm-in agreement in late October 2015, while AEP plans to acquire a 13.62 per cent stake in Armour at $A0.25 per share. Armour recently spurned a $A61m takeover offer from WestSide, a subsidiary of China-based Landbridge.

CORPORATES
ARMOUR ENERGY LIMITED – ASX AJQ, AMERICAN ENERGY PARTNERS, WESTSIDE CORPORATION LIMITED, LANDBRIDGE GROUP COMPANY LIMITED, DGR GLOBAL LIMITED – ASX DGR