Shale Energy Limited has been involved in the US oil and gas sector since 2008 in which time the Company has been able to develop the key relationships required to be successful in the US on-shore oil and gas development industry.

Sydney-based US oil producer Shale Energy (ASX:SLL) has today declared its Prospectus open for subscription for the raising of A$3.5m. Uniquely positioned with an offering of equity shares in producing wells in North Dakota's prolific Bakken oil and gas region, SEL is minor partner to three US oil producers including $30bn-plus market capitalisation NYSE-listed EOG Resources.