Archives for October, 2013
Last week Shell announced a USD2 billion write-down of its US shale oil assets and has put its shale assets in Texas up for sale. This follows write-downs by other majors in the shale oil/gas business, such as BHP. These losses have led to a chorus of “I told you so” by shale sceptics.…
Last week I visited the Barrytown Ilmenite Project (“Barrytown”), located on the West Coast of the South Island of New Zealand. I was met at Christchurch by Mr Jim Hickey, Managing Director of Pacific Mineral Resources Ltd (“PAC”), which is in the process of acquiring a 100% interest in Barrytown.…