oil shale Indeed oilleak the odds are falling & as the share price rises. 4 billion odd barrels (3 deposits)shared between ECM ESMCA & GRV certainly worth a punt. Read ASX ann.
Cost per barrel est @ US$25 to produce.
About 6 or 7 yrs ago a couple of ASX listed companies were into oil shale in Queensland but after fluctuating wildly in price they could not get the project off the ground. Forget the names but, Southern & City come to mind. Technology has improved so maybe this time 'things' will be different.
I have placed an order for one of the above.
oil shale, page-7
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