Australians out to flip landPetsec moves from gas to shale oil; initial land assembly in Alberta but location secret until resource confirmed by drilling Gary Park For Petroleum News Bakken
After 20 years of building a natural gas portfolio in the United States, Australian-listed Petsec Energy has bailed out of that low-cost environment to pursue the role of “land speculator” in shale oil plays.
Its operating credo for now is to establish acreage positions and remain quiet about exact....
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Looking to monetize assets
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