Calgary Herald

Statoil, Canada’s PetroFrontier to explore shale gas in Australia
Calgary Herald

Norway’s Statoil has entered into partnership with Canada’s PetroFrontier Corp to explore for shale gas in Australia, it said on Wednesday.

Australia, the world’s fourth-largest exporter of liquefied natural gas (LNG), could have enough shale gas resources to double its gas resource base, the government said in May.

Statoil will farm into four exploration permits and two exploration permit applications in the Southern Georgina basin, Northern Territory, the Calgary-headquartered PetroFrontier’s said in a separate statement.

This is the first footprint of the Nordic company in Australia, while Statoil has been betting big on unconventional gas resources in the United States, identified as one of its key growth areas.

Statoil said the partners could drill 10-20 wells by 2017, with Statoil committing $25 million for the first phase of the exploration program.

Parce que les Québécois ont fait le choix de la pauvreté et de la misère i.e. parce qu’ils ont fait le choix du socialisme, des compagnies canadiennes préfèrent aller investir en Australie plutôt que d’investir ici.