Oil strike: Outback find 'can fuel Australia'

Jan 23, 2013 | Posted by: roboblogger | Full story: AdelaideNow...

Brisbane company Linc Energy yesterday released two reports, based on drilling and seismic exploration, estimating the amount of oil in the as yet untapped Arckaringa Basin surrounding Coober Pedy ranging from 3.5 billion to 233 billion barrels of oil.

Comments

Showing posts 1 - 20 of68
< prev page
|
Go to last page| Jump to page:

Since: Dec 10

Perth, Australia

|
Report Abuse
|
Judge it!
|
#1
Jan 23, 2013
 

Judged:

2

1

1

Now we have the chance to become self sufficient....we should use it to that end....
yeah right

Melbourne, Australia

|
Report Abuse
|
Judge it!
|
#2
Jan 23, 2013
 

Judged:

2

1

1

Yipppeee! Do like the Arabs do. Make OURSELVES rich and screw the rest of the world :)
yeah right

Melbourne, Australia

|
Report Abuse
|
Judge it!
|
#4
Jan 23, 2013
 

Judged:

2

1

1

This is amazing news. I hope we keep it all, create all sorts of jobs and use it to fuel OUR economy.
Anglo-Saxon-Celt

Sydney, Australia

|
Report Abuse
|
Judge it!
|
#5
Jan 23, 2013
 

Judged:

2

1

1

Yeeeeeeeeharrrrrrrrrrrrrrr!!

Ahomana honey you are dead set right!!

Now we can well and truly be a self-suffiecient country BUT just wait and see how the politicians will try to screw us on this one.
Enzio

Adelaide, Australia

|
Report Abuse
|
Judge it!
|
#6
Jan 23, 2013
 

Judged:

4

4

4

Labor will find a way to give it all away and make us pay for it
UScitizenAbroad

Thornleigh, Australia

|
Report Abuse
|
Judge it!
|
#7
Jan 23, 2013
 

Judged:

1

Like US lately, you guys will hopefully make more of your own oil resources. As long as oil is the fuel of choice, good luck with it all!:-)

I heard if you divide all known Aussie resources up / Aussie citizen, you guys are the richest people on Earth.

You have so much undiscovered resources/mineral wealth too.
Prospect

Adelaide, Australia

|
Report Abuse
|
Judge it!
|
#8
Jan 23, 2013
 

Judged:

5

4

3

Enzio wrote:
Labor will find a way to give it all away and make us pay for it
lol it will be sold under the Singapore inflated TAPIS price thanks to the binding decision made by a Liberal government when the treasurer was John Howard.
The Libs have a long and proud history of screwing Aussie consumers and this discovery will ensure John Howard's decision continues to screw us for a long long time.

Since: Dec 10

Perth, Australia

|
Report Abuse
|
Judge it!
|
#10
Jan 23, 2013
 

Judged:

2

1

1

Anglo-Saxon-Celt wrote:
Yeeeeeeeeharrrrrrrrrrrrrrr!!
Ahomana honey you are dead set right!!
Now we can well and truly be a self-suffiecient country BUT just wait and see how the politicians will try to screw us on this one.
I hope not....this could be a great boon to all Australians...more housing, better hospitals, new energy research, free education, no homeless.....the posibilities are endless.....we just need some pollies with a brain...and a dream...
the word

Adelaide, Australia

|
Report Abuse
|
Judge it!
|
#11
Jan 23, 2013
 

Judged:

2

2

1

Ahomana wrote:
<quoted text>
I hope not....this could be a great boon to all Australians...more housing, better hospitals, new energy research, free education, no homeless.....the posibilities are endless.....we just need some pollies with a brain...and a dream...
Oh well, we're fvcked then
sid

Brisbane, Australia

|
Report Abuse
|
Judge it!
|
#12
Jan 23, 2013
 

Judged:

1

1

1

This is not a new discovery the Arckaringa Basin was drilled during the seventies and eighties as well as hundreds of explorations hole throughout the whole of australia. gas was found in Hervey bay and Woodgate QLD right on the coast believe it or not. Look at the difference between estimated reserves and the easily extracted reserves 233 BB against 3.5BB.
Oil shale oil is notoriously difficult to extract in large volumes, it's been tried before near Rockhampton and failed because it was uneconomic. A few things you can be sure of are Linc Energy share prices just went through the roof, the price of diesel and petrol won't go down and nothing will happen to develop this so called discovery for five years if ever. Don't count your chickens yet.

Since: Dec 10

Perth, Australia

|
Report Abuse
|
Judge it!
|
#13
Jan 23, 2013
 
the word wrote:
<quoted text>Oh well, we're fvcked then
DOH!
sid

Brisbane, Australia

|
Report Abuse
|
Judge it!
|
#14
Jan 23, 2013
 

Judged:

1

Ahomana wrote:
<quoted text>
DOH!
I think what he means is that pollies with a brain are extinct in australia.

Since: Dec 10

Perth, Australia

|
Report Abuse
|
Judge it!
|
#15
Jan 23, 2013
 

Judged:

1

sid wrote:
<quoted text>
I think what he means is that pollies with a brain are extinct in australia.
Thank you, I agree wholeheartedly if Gillard and Swan, Roxon are anything to go by....
jake

Caroline Springs, Australia

|
Report Abuse
|
Judge it!
|
#16
Jan 23, 2013
 

Judged:

1

1

UScitizenAbroad wrote:
Like US lately, you guys will hopefully make more of your own oil resources. As long as oil is the fuel of choice, good luck with it all!:-)
I heard if you divide all known Aussie resources up / Aussie citizen, you guys are the richest people on Earth.
You have so much undiscovered resources/mineral wealth too.
And all that wealth goes to a measly few here less than 2 percent of the population get benefits from our resources, not to mention the foreign comapnaies and there millionaires and billionairs that take out billions for overseas including anglo americans gold mine in kalgoorlie and the chinese communist owned mines coutesy of the labour party.
yeah right

Melbourne, Australia

|
Report Abuse
|
Judge it!
|
#17
Jan 23, 2013
 

Judged:

2

1

Ahomana wrote:
<quoted text>
I hope not....this could be a great boon to all Australians...more housing, better hospitals, new energy research, free education, no homeless.....the posibilities are endless.....we just need some pollies with a brain...and a dream...
Pollies with a brain you say?

Oh dear. I can't think of ONE. Looks to me like they'd all sell their momma to the highest bidder. LOSERS!!!!!!!

How can we make sure that we take control of the profits from this oil?
Clappy the Boong

Paddington, Australia

|
Report Abuse
|
Judge it!
|
#18
Jan 23, 2013
 

Judged:

1

This is great news.

Since: Aug 11

Location hidden

|
Report Abuse
|
Judge it!
|
#19
Jan 23, 2013
 
Watch all the abos go: my people's is from da cobba peeedi and dat oil is wows. I know I said we from da area where is the coal but I ment from dare!

I can see it now!
Clappy the Boong

Paddington, Australia

|
Report Abuse
|
Judge it!
|
#20
Jan 23, 2013
 
normal Aussie wrote:
Watch all the abos go: my people's is from da cobba peeedi and dat oil is wows. I know I said we from da area where is the coal but I ment from dare!
I can see it now!
Yes, dat oil is ours ya got a problem white fella only we can sniff it not you
k3765unt

Melbourne, Australia

|
Report Abuse
|
Judge it!
|
#21
Jan 24, 2013
 
Lucky SA aren't as big a bunch of cnts as WA or they would be shouting SECEDE by now!
Chinese Tsar

Australia

|
Report Abuse
|
Judge it!
|
#23
Jan 24, 2013
 

Judged:

1

1

yeah right wrote:
Yipppeee! Do like the Arabs do. Make OURSELVES rich and screw the rest of the world :)
Hate to break it to u but u cant do it like the arabs because they dont make shale oil!The arabs have a totally different oil type!it certainly isnt shale oil!Shale oil has been produced in australia for quite some time now!its not liquid gold....if it was then countries with shale oil such as germany ,scotland etc would have been as rich as saudi arabian by now!

Back to the old drawing board!

Tell me when this thread is updated: (Registration is not required)

Add to my Tracker Send me an email

Showing posts 1 - 20 of68
< prev page
|
Go to last page| Jump to page:
Type in your comments below
Name
(appears on your post)
Comments
Characters left: 4000

Please note by clicking on "Post Comment" you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

•••
•••