Posted on this one previously but if you have a read of yesterdays announcement the shale oil permits look like they have a new "CLEAN" extraction method which would put Greenvale & Esperance on the map....?
May need capital raising.....( The company basically only holds shale oil assets ).
Waiting for new estimates re recovery rates & in ground reserves but previous estimates were around 1 Billion barrels per company ( from memory ) ?
Been in my bottom draw for about 15 years now & production is still a while to go yet, so not for the traders....
Oil seems to be the go lately & looking good for a while yet....might help in getting a backer....
