Wednesday, February 1, 2012

BG Ups Investment in Australian Shale

Queensland Gas Company (QGC), a subsidiary of UK supergiant BG Group, will acquire a 9.4% stake in Sydney-based Drillsearch Energy after exercising options granted as part of A$130 million (US$138.2 million) joint venture agreement signed last year which will see the pair explore and develop shale gas permit in Australia’s onshore Cooper basin. Continue reading here..

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