Old 10-06-2011, 01:44 AM
Sparty Sparty is offline
Join Date: Mar 2009
Posts: 1,127
Default Aura Energy uncovers large shale gas/oil potential

AEE is as mentioned in the posts below has one of the world's largest uranium resource.... And now AEE has uncovered a potentially very large shale deposit at its Motala project in Sweden, which covers 140 square kilometres.

Previous drilling (bore holes) has revealed gas flows of 50 cubic metres per hour derived from the shale that has around 20% organic carbon content.Sweden is a large importer of gas and so AEE's find could be easily marketed.

Oddly AEE's share price is yet to move and combining its other credits and now the shale potential makes this a stand out buy IMO.

I own AEE.
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