Snowflake’s Chance in Hell: prospects slim at best for PEP11 gas rig off the coast of Sydney

It seems preposterous, like some kind of parody; an oil and gas rig off the coast of Sydney, somewhere between the golden beaches of Manly and Newcastle.

But this is the absurd reality. It is a proposal still under consideration. On the share market, speculators are betting on a ten-fold surge…