“Earlier this week, Linc Energy released two reports estimating the amount of oil in the Arckaringa Basin near Coober Pedy in South Australia. Independent reports from Gustavson Associates and DeGolyer and MacNaughton put the untapped basin, located in South Australia at between 233 billion and 103 billion barrels of oil equivalent respectively.”
This is the latest article by Dr. Vlado Vivoda for The Conversation. In the article Vlado discusses the newest “potential” oil find in Coober Pedy by Linc Energy.
Read the whole article here: http://theconversation.edu.au/can-shale-oil-fuel-australia-11782
There is no doubt that the oil exists but is this all a lot of hype to increase shares? Will Australia ever see the oil? and if we do will it be environmentally friendly?
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