>The research in Hungary may be more advanced, but it seems to me we actually have investors to move forward in Australia.

Well, I think those investors are very serious about both plays, in Hungary and Australia.

You know how it is. If it’s good enough for Exxon, then it got to be good enough for the Chinese.

Read this article in yesterday’s Globe and Mail

“Unlike the development of the North American shale gas industry where independents led the way, industry giants are spearheading the foreign effort. In Poland, U.S. majors like Houston-based ConocoPhillips Co. and Chevron Corp. of San Ramon, Calif., have significant land positions and are pursuing development plans. France’s Total SA said this month / in December that it is studying investments in the Eastern European country. Exxon Mobil Corp. has land positions in Germany – where is it already producing conventional gas – as well as Poland and Hungary.”

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