new ann out, page-19

This is from the daily reckoning yesterday.

is this what the activity today is about?

".....--Well, not all of them. ConocoPhillips and PetroChina announced a deal involving both conventional and unconventional natural gas assets in Western Australia. According to the Wall Street Journal:

'PetroChina Co. (PTR) will acquire an interest in two Western Australia exploration assets and the companies will jointly identify unconventional resource reserves in China. As part of three deals that are pending government and partner approvals, PetroChina will acquire a 20% working interest in the Poseidon offshore discovery in the Browse Basin and 29% in the Goldwyer Shale in the onshore Canning Basin in Australia. The companies will also jointly study the potential for unconventional resource development in the roughly 500,000-acre Neijiang-Dazu Shale Block in the Sichuan Basin in China. If technically and commercially viable, they will advance development under a production-sharing contract, which would be agreed upon during the study period.' "