Financing

Exploring and developing a shale gas reservoir is very capital intensive. Financing for a project can be obtained by farming out the early exploration efforts to de-risk the play. After the initial assessment is completed, funding is more readily available if the shale responds favorably to fracture stimulation treatments. Canning Petroleum can provide the financing for the initial exploration program under its license applications. Our management team also has ready access to the capital markets in Australia and United States to acquire funding for the development phase of the project.