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AUSTRALIA

Slugcatcher gets excited by 2Tcf of shale gas

IS 2 trillion cubic feet of natural gas, the equivalent of 330 million barrels of oil, worth just $16.5 million? That's a question which has <i>Slugcatcher</i> wondering whether Beach Energy is the buy of the century or whether he's missing something.

Those two numbers - $16.5 million for 2Tcf - sit starkly alongside each other. And while they look completely out of kilter here is the explanation of what happened - and a suggestion that Australia's...

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