#1
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http://www.abc.net.au/news/2013-01-24/major-oil-discovery-in-outback-sa/4481982

January 25th, 2013

Brisbane company Linc Energy says independent studies have confirmed a major shale oil source in South Australia's far north, which officials have estimated could be worth $20 trillion.

The company says US-consultants have carried out drilling and geological and seismic surveys around Coober Pedy.

Linc Energy holds rights over more than 65,000 square kilometres of land in the Arckaringa Basin and started explorations in 2008.

In a statement to the Stock Exchange, the company said reports from US-based consultants indicate underlying rock formations "are rich in oil and gas-prone kerogen".

The company says up to 233 billion barrels of oil are estimated to be trapped in the shale.





lol

#2
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https://petitions.whitehouse.gov/petition/extraordinarily-render-slavoj-zizek-toronto-watch-evangelion-me/W6fjWQwD
#3
FLAWDA
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#4
Online
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Ironicwarcriminal posted:

South Australia's far north

#5
Kurdt
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#6
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#7
[account deactivated]
#8
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straya!!

#9
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this is bullshit like saying the "us is going to be the largest oil producer and surpass the middle east". shale oil is much lower grade than saudi so it's apples to asses.
#10
Kurdt
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much like your posting
#11
objekt-a.tumblr.com
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elll ya party on brotha!

#12
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its an analogy
#13
[account deactivated]
#14
[account deactivated]
#15
Poronto
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are there any good movies about australia
#16
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no
#17
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littlegreenpills posted:

are there any good movies about australia



wake in fright
picnic at hanging rock
cane toads: an unnatural history

#18
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>Black Gold
>Where do we map up?
#19
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littlegreenpills posted:

are there any good movies about australia



mad max and chopper

that's it

#20
D.C.
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Cane Toads An Unnatural History is hilarious



#21
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check this out iwc

http://aca.ninemsn.com.au/article.aspx?id=8560691
#22
FLAWDA
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littlegreenpills posted:

are there any good movies about australia



crocodile dundee 2
priscilla queen of the desert
welcome to woop woop
animal kingdom

#23
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kangaroo jack
#24
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The Chant of Jimmie Blacksmith
Sweetie
Where the green ants dream

all cool movies
#25
Kurdt
Post rating: +
Dude, Where's My Box Jellyfish?
The Bushwackers: The Motion Picture
Kangaroo Bob, Kangaroo Ted, Kangaroo Carol and Kangaroo Alice
Outbackula (classic ozsploitation)
Being Yahoo Serious
#26
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Makeshift_Swahili posted:

check this out iwc

http://aca.ninemsn.com.au/article.aspx?id=8560691



yeah i saw this recently, fuck castle hill that place is terrible

#27
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Literally nicole kidman's best movie

oh yeah the whole thing is online

http://www.youtube.com/watch?v=Uctfzgrec9g
#28
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littlegreenpills posted:

are there any good movies about australia



#29
FLAWDA
Post rating: ~

Ironicwarcriminal posted:

Literally nicole kidman's best movie

oh yeah the whole thing is online

http://www.youtube.com/watch?v=Uctfzgrec9g



i watch this shit way too often

#30
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congrats on your oil death, australia
#31
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romper stomper
#32
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Ironicwarcriminal posted:

http://www.abc.net.au/news/2013-01-24/major-oil-discovery-in-outback-sa/4481982

January 25th, 2013

Brisbane company Linc Energy says independent studies have confirmed a major shale oil source in South Australia's far north, which officials have estimated could be worth $20 trillion.

The company says US-consultants have carried out drilling and geological and seismic surveys around Coober Pedy.

Linc Energy holds rights over more than 65,000 square kilometres of land in the Arckaringa Basin and started explorations in 2008.

In a statement to the Stock Exchange, the company said reports from US-based consultants indicate underlying rock formations "are rich in oil and gas-prone kerogen".

The company says up to 233 billion barrels of oil are estimated to be trapped in the shale.





lol



Just for some clarification as lot of the news reports are very misleading.

233 billion barrels is a very optimistic estimate. That's one of the engineering firms 'best' estimates while the other firms 'best' estimates is 80 billion barrels. which is a pretty lol huge gap in numbers. This is also based off of very early results so who fucking knows how much it could be. And they haven't even tested a single horizontal well. And there are no vertical well test results shown anywhere (as far as i can tell, it's not posted on their site or their press release). Obviously they want to keep some things confidential but to have a public company provide no information regarding how they got these numbers is fucking strange.
It's still a huge find nonetheless but will more than likely be no where close to 20$ trillion dollars worth.
And that infographic is pretty lol worth because most of those reserves listed are proved and conventional. The Arckaringa is an unproved unconventional oil play so making this sort of comparison is pretty ridiculous.

What am I trying to say is Australia will never be a self-sustaining petro-state and Mad Max will happen and you will all die.

#33
[account deactivated]
#34
Mike Nelson here.
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littlegreenpills posted:

are there any good movies about australia

http://www.imdb.com/title/tt0455824/?ref_=fn_al_tt_1

might be hard finding it though, kinda indie

#35
corey "of "fail aids" fame"
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snowtown
#36
corey "of "fail aids" fame"
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i was hosting some german backpackers last wek and an ad came on all patriotic for australia day with waving flags and all and at the end the girls were staring at the tv dumbfounded that it was for a bottleshop
#37
corey "of "fail aids" fame"
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i saw snowton at adelaides arthouse cinema place and when the serial killers mentioned a local landmark everyone whooped and highfived
#38
Dont Mess With Sucess
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Rabit prove fence
#39
D.C.
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that's a good one
#40
Shed life
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discipline posted:

the proposition

Directed by John Hillcoat and written by Nick fucking Cave. I think that's one of the best movies anywhere.

Besides that and Mad Max, Australia really doesn't got shit.