http://www.theaustralian.com.au/business/mining-energy/conocophillips-signs-on-to-far-senegal-offshore-drill/story-e6frg9df-1226689783422
Matt Chambers in the Australian:
".....Another Cooper Basin coal-seam gas explorer, Ambassador Oil and Gas, is understood to be close to announcing a farm-in deal for its Cooper Basin ground.
It is believed US shale producer Magnum Hunter Resources is the company that will take a stake in Melbourne-based Ambassador's ground.
This makes Magnum the second company, after Orica, to strike a funding deal for development of CSG ground in the Cooper Basin, which is better known for its conventional and shale-gas potential.
The Cooper CSG is said, by those promoting it, to contain less water than CSG being targeted in Queensland's Surat and Bowen Basins for export through Gladstone....."
Ann: Trading Halt , page-20
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