Petsec to try luck at shale oil

PETSEC Energy has entered into a new joint venture focussed on shale oil opportunities in the US as the company's performance continues to be affected by low gas prices and regulatory changes in the Gulf of Mexico.

Petsec to try luck at shale oil Petsec to try luck at shale oil Petsec to try luck at shale oil Petsec to try luck at shale oil Petsec to try luck at shale oil

In its full-year results report, Petsec said it established a relationship with an unnamed but experienced shale oil group as part of plans to rebalance its operations towards oil.

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