Rexsh,It talks extensively about the risk/reward and scale of...

Rexsh,

It talks extensively about the risk/reward and scale of the Cooper Basin shale gas area. It's quite detailed but nothing in it that we haven't already discussed here with the exception of North American interest in various Australian shale gas plays, which I believe, underpins our view of the potential value of a proven 218/855.

"Growing interest from a number of North American parties is significant given the advancement in developing shale, technical expertise and also the significant capital and perceived value that is being placed on Australia's frontier acreage".

Then goes on to mentioned PetroFrontier and Hess Corporations interests in the Georgina and Beetaloo basins respectively with the following comment ..........

"The entry of Hess onshore Australia is significant"

FYI, Hess Corp did circa $34 billion for the rolling 12 months, so we have some serious money coming into the region.