12-28-2011, 06:59 PM
Yes, if one simply compares it to US shale, where 80ft of pay is considered excellent and wells have to be made to flow by fracking and horizontal drilling, and where gas sells at $3.5 per Mcf..
OK, the gas doesn't have to be liquified and the US has a more stable business climate with less political risk, but deals have been going on in shale for significant amounts and the resources really are inferior.
OK, the gas doesn't have to be liquified and the US has a more stable business climate with less political risk, but deals have been going on in shale for significant amounts and the resources really are inferior.