Shale project faces collapse

SOUTHERN Pacific Petroleum's search for financial backing may have come too late as reports begin to surface about the imminent collapse of Australia's largest oil shale project in Gladstone, Queensland.

Shale project faces collapse Shale project faces collapse Shale project faces collapse Shale project faces collapse Shale project faces collapse

Reports in the Herald Sun say that major backer Texan oil investor Jeff Sandefer is ready to place the embattled company into receivership this afternoon as the company tinkers on the edge of

loader