EXPLORATION

Another Aussie jumps on US shale bandwagon

YET another Aussie player has emerged to jump on the US shale bandwagon, with Sydney-based Shale Energy today declaring its prospectus open for subscription to raise $3.5 million for an initial public offering on the Australian Securities Exchange.

Anthony Barich

"Uniquely positioned with an offering of equity shares in producing wells in North Dakota's prolific Bakken oil and gas region, [the company] is minor partner to three US oil producers including $30 billion-plus...

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