Interfax: Who will be responsible for driving the Polish shale industry forward?
OF: Fundamentally, apart from Conoco, it’s really the small guys who are doing all the work – just like it was in the US. Shale gas there was not found by majors – what majors are very good at is writing cheques when something is proven.
And, in fairness, what they’re also very good at is logistics – because if you look at a [Polish] field such as Lewino, if you’re developing that at about 1,400 wells, obviously you’re drilling from a pad.
It’s about 16 wells per pad, so the countryside isn’t blitzed with rig sites. But it’s like a mining exercise – the driving down of those costs, well after well, fracking all in a row, that’s what makes shale gas profitable.
cfo 3legs states.. are in expo phase,demonstrating commercial discovery..we then go into a pilot development phase.. hundreds of wells..multi tcf of which 3legs have 30%..
lewino vertical is already in pilot development phase.. Gdansk west pilot programme. pilot development programme for gdansk west 40% equity..(before talis left) block split into 4 segments. pilot area is 1 segment of 183km2 1.3tcf gas and 40mmbbl condensate estimated gross recoverable from pilot development well locations already scouted pilot development area covers only 3% of san leons total Baltic basin acreage total giip for Gdansk west concession 12/18tcf..
sle now have 100% of GW.. sle are already in pilot development stage...this is getting interesting!! if it wasn't already..links
post from Vincent 3legs iii..16:17 12/08/2014 Importance If Poland could develop commercial shale gas production capabilities, Russia’s influence on Europe could diminish. By Vincentinvestor1
not if Vincent its "when"..once one starts you could see the majors returning and these shale fields will become development/production fields..it happened in the US..money was made big time..Poland with acreage costs and companies at rock bottom prices will be a feeding ground for the majors as they will know there will be big money to be made once commerciality is made...........starting with 3legs!!/bnk...so fingers crossed lads..links
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