This is happening in Argentina
and it will happen in Australia as well............................
BUENOS AIRES, July 16 | Tue Jul 16, 2013 5:41pm EDT
BUENOS AIRES, July 16 (Reuters) - U.S. oil company Chevron signed an agreement with Argentina's YPF on Tuesday to invest $1.24 billion in the Vaca Muerta shale oil and gas formation, thought to be one of the biggest reserves in the Western Hemisphere, according to a statement from YPF.
It is the first major investment announced in Argentina's petroleum sector since President Cristina Fernandez ordered the seizure of YPF from Spain's Repsol in 2012.