Brumby Labor Government has announced the new areas for oil and gas exploration in Victoria. Peter Batchelor confirmed that five onshore areas in the Gippsland Basin is now included as well as two onshore areas and one offshore area in the Otway Basin. Energy and Resources Minister Peter Batchelor is quoted saying: “We are committed to creating [...]
Western Potash (TSX-V: WPX) announced today that drill hole data from their potash exploration program has returned data suggesting the presence of hydrocarbons. An evaluation by a petroleum geologist suggests two formations are targets for significant natural gas. Patricio Varas, the CEO of WPX is quoted saying: The possibility of [...]
By Duncan Sutherland – Exclusive to Gas Investing News Market news The high US$6 – mid US$7 NYMEX future price seems to be relatively stable given the incredible volatility of other commodities and market indices. Though this stability is preventing gas investors from riding the same emotional rollercoaster that most other investors have boarded, it has had a [...]
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