The Government last week published the British Geological Survey’s estimate of 1,300 trillion cu ft of natural gas stored within the shale rock deep beneath northern England. It is becoming clearer that the potential to transform our energy provision lies underneath our feet.
If only 10 per cent of northern England’s shale resources can be extracted, that would meet the UK’s current gas demand for more than 40 years. And at today’s prices, it would have a market value of almost £1 trillion, without considering the gas and oil deposits elsewhere in the country.
.....that's 130tcf.......this what JB stated...
When one looked at the resource estimates, according to him, one saw tremendous numbers. “Just net to my company in Poland, we have the potential for more than 40 TCF of recoverable gas – those numbers are scalable throughout our portfolio. This is not just a well or a small field. This is a game changer, for everyone that’s involved here in Poland.”
and from nohotair......
Using units everyone can understand, the value of 1 TCF, at today’s relatively low prices will be £5 billion or $7.7 billion.
and anything....to do with Polish gas/sle/genuine shareholders of sle......your sort seem to have a gripe with..does it sound like a shareholder who wants sle to go forward...no!.....you have posted about san leons demise time and again.here and on iii before you were banned..you a shareholder....nah!.you prove otherwise...the more you type tripe the more it proves your agenda.....
a genuine holder wants the company to do well and prosper....sle/pnr have a successful gas field in rawicz....more will follow with production and a revenue stream for years...siekierki thats already flowed at commercial rates will also be bought on stream......that's what genuine holders talk about.....not the no nowt tittle tattle non holders or devious persons agendas/vendettas take away from discussion boards with personality posts etc etc..
sle is ready for the transition from just expo to production/revenue which will help them going forward with other projects on their huge asset base of potential.......sorry to disappoint....
"It's very possible, warns Credit Suisse's Chief Investment Officer for Europe, Anja Hochberg, to end up with all your eggs in one basket, and not even realize until they've all smashed into an uncooked omelet.""
1.Never Learning to Lose.... "Some people insist on holding in there and waiting for it to climb back to neutral," Hochberg points out, "even though they might be ignoring a chance to sell and put the money into a vehicle that could earn 30 percent."
2. Half Empty or Half Full?... "The answer to this classic question involving glasses and their contents might surprise: for investors, it doesn't matter. What really matters is how things will look at the end of the investment period, i.e. will there be more in the glass than when we started?"
3. A Fine Tale at the Pub... "The issue here is selective attention: keeping a sharp eye on the good or exciting, while ignoring the bad or boring. One problem with this is that, in the end, only overall performance really counts."
they are....who is it that is posting and ramping and ramping despite the obvious slow demise of sle...those who have an agenda....we all know who they are......but anyway enough about shorters desperate to cover their positions.
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