Seeking Alpha

ExxonMobil (XOM) takes a 10% stake in a JV to explore for gas trapped in Australian coal seams,...

ExxonMobil (XOM) takes a 10% stake in a JV to explore for gas trapped in Australian coal seams, a bet on an unconventional fuel that has become one of the world's hottest energy plays. The Gippsland Basin of southeast Victoria state contains potential reserves of methane gas occurring naturally in ~16B metric tons of brown coal close to the surface and ~280B tons in deeper seams.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector