From Casey's Article today: For How Long Has Shale Delayed Mid way down the article:
"As you'll read, it's true that monster deposits like the Bakken and Eagle Ford are gushing oil as advertised. But energy analysts who touted such basins as "just the beginning" are looking silly. It turns out that such gargantuan, easy-to-access fields are rare. Which means that extrapolating estimates from the Bakken to yet undeveloped fields will in most cases be nothing but a fantasy.
Cue the solemn head-nodding of shale drillers from Montana to New York to Kansas, who've recently given up because it's costing them more to find and extract oil than they can sell it for.
That said, if you haven't yet, you might want to check out Marin Katusa's "Next Bakken" play, which—unlike many of its competitors—has indeed the potential to give the legendary Bakken formation a run for its money.
The small-cap company Marin has discovered is sitting on a 2-million-acre concession in Central Europe, and the best part is, we know there's oil, and plenty of it, because this is a past-producing field that was abandoned due to technological limitations. But with modern technology having grown by leaps and bounds since then, chances are this will be a big one for early investors.Read more about the "next Bakken" here."