Australia has shale oil field with an estimated 5 to 11 billion barrels of recoverable oil that seems to duplicate Bakken oilfield in the USA
An encouraging development was recently announced by Baraka Petroleum Limited (“BKP”) concerning shale oil potential in two permits in the Southern Georgina Basin in which they have an interest (EP127 and EP 128 covering approximately 30,000 km2). The estimates prepared independently by US based Ryder Scott for these permits ranged from 5 to 11 billion …