Big Dog's Boom Boom Room Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

Recommended by:

evestor

To: Dennis Roth who wrote (176248)	9/21/2013 1:34:36 PM
From: Dennis Roth	1 Recommendation Read Replies (1) of 206182

Shell completes drilling first gas exploration well in Ukraine globaltimes.cn Royal Dutch Shell has completed drilling its first gas exploration well in Ukraine, the company's top representative said Friday. "The preliminary results obtained by our company allow us to hope that the drilling was successful," Graham Tiley, general manager of Shell Ukraine Exploration and Production LCC, told reporters here. It will take up to a year to fully analyze the results of the drilling and evaluate the productivity of the reservoir, Tiley added. Shell, which is developing shale gas deposits in the Yuzovska field in eastern Ukraine, plans to drill 15 wells as part of a 50- year joint venture with local Ukrgazvydobuvannya company. Kiev expects the project, involving around 10 billion US dollars in investment, to open up large new unconventional gas reserves that will give a great boost to its campaign for energy independence. Local experts estimated that Shell's development area could produce up to 11 billion cubic meters of gas annually, which amounts to around 20 percent of Ukraine's consumption. Ukraine is seeking to end reliance on costly Russian gas imports by developing its shale gas deposits which are believed to be one of Europe's largest. Preliminary data put estimated reserves at more than 1.2 trillion cubic meters.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next