"Coal seam gas drilling in Queensland's Surat Basin has been halted due to floods. [ID:nL3E7CA081].
- Easternwell Group, being acquired by Transfield Services , has ceased drilling in the region. It is drilling wells for Australia's Santos , Malaysia's Petronas and state-run Korea Gas Corp ."
ref
http://www.forexyard.com/en/news/Companies-industries-hit-by-Australian-floods-2011-01-13T024903Z-FACTBOX
why is tse such an unloved stock?, page-23
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