Australian shale oil discovery could be larger than Canada's oilsands - CBC News
The company says up to 233 billion barrels of oil are estimated to be trapped in the shale. Chief executive Peter Bond says even if the amount of retrievable oil is well below that, the discovery is still "bigger than the Cooper Basin and Bass Strait combined".
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By way of comparison, the Athabasca oilsands in Northern Alberta contain almost 170 billion barrels of proven or probable reserves.
"We've also spent a lot of time with our own geologists and external geologists trying to unlock what's the best option there. "What it could do is really turn this thing into the next boom, so where you saw coal-bed methane transform Queensland and the gas industry, shale could and I think will transform South Australia and a potential oil boom."