Thanks for the cut and paste on the Polish Govs take on shale, which looks poor. If the Co. said they had a commercial find I'd believe it when the cash came my way.
Future for gas
At the present time the US has a surplus of gas which they are looking to export. Unfortunately the cost of converting to LNG is high. The plant ( or trains as they call them) run into the $billions. There's also the problem of such a low gas price in the States. Most producers are making huge losses at these prices. Once the surplus is used up the price will rise. This coupled with the transportation costs will maintain a relatively high price in Europe. It will never be able to compete in price with gas produced a few miles away and fed into a pipeline. Most US gas will probably head west to Asia where prices are much higher. It will take time for Poland to get on top of this shale gas extraction. It's taken the US a couple of decades, but in the end they got it sussed. And Poland will too. The geology can't be that different in that theirs works and ours never will! As regards Polish plans to increase coal usage, the EU may have something to say about that, in fact they have already warned Poland about their CO2 pollution. They have to reduce it. Without carbon capture coal is a no no. And carbon capture is expensive and not very effective. It boils down to the reality that cheap power is a thing of the past. Nuclear, solar, wind, wave etc are very expensive and although very environmentally friendly, can we afford to pay that price. Gas is the best compromise and will be for the next few decades. Incidentally the US has accidentally halved its carbon emissions purely by moving from coal to gas. ( they didn't mean to ). Next year will probably see the first production shale gas well in Poland, and it could well be San Leon who do it.
if SLE came out and said they had a commercial find you would still manage to find a negitive in it lol
RE: Test extractions of shale gas p..
Imported gas, new CPUs, using own coal and now a new Nuc. Well there's a plan. That difficult shale gas needs the cod geo on the case, he'd have it out in a crack by the sound of him. 90 days to production and all that. "the most important question is whether the mining technology and the associated costs justify the exploitation of wells on an industrial level,” Well well (no pun intended), that doesn't sound too optimistic to me.
Test extractions of shale gas plann
Poland's minister of the environment has revealed that test extractions of shale gas are in the pipeline over the coming months. Photo: Glowimages “We have information that some investors aim to carry out the tests this year,” Maciej Grabowski said. “It will be the first such undertaking in Poland,” he added. "We know that shale gas is there, but the most important question is whether the mining technology and the associated costs justify the exploitation of wells on an industrial level,” he concluded. America's Energy Information Administration (EIA) estimated that Poland could have the biggest shale deposits in Europe (5 trillion cubic metres), but more recent estimates by Poland's State Geological Institute have been lower, at 345.7 billion cubic metres. Lack of clarity in laws governing the search for and extraction of shale gas contributed to some international investors, including Marathon Oil and Exxon Mobil, to pull out of their shale programmes in Poland. However, earlier this year the government championed six-year tax breaks to companies involved in the programme, approving draft legislation on the matter in April. Poland is currently engaged in a wide-ranging bid to broaden its energy portfolio. Besides shale and Liquefied Natural Gas (LNG) programmes, the government is also planning for the first part of a nuclear power station to be up and running within a decade. (nh) - See more at: http://www.thenews.pl/1/12/Artykul/182875,Test-extractions-of-shale-gas-planned#sthash.la1ovyiU.dpuf http://www.thenews.pl/1/12/Artykul/182875,Test-extractions-of-shale-gas-planned
RE: Still no luck here then...
mike30..... "Sell half and trade the c*ap out of it before there is nothing left. Try and get your cash back" pmsl.... yes what ever,..... thanks for the advice... NOT..... is that maybe because you are trading and want to buy in cheaper ........
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