RE: RE: Q1 Resultsmartinzip52,
The comparison with the Bakken is nothing new and it was used in the independent report that was produced on the potential of the East cost bassin. It is however the first time that I see a comparison to the Liassic shale in the Paris bassin.
There is a new presentation on their web site in which they have put a table comparing Tag's two fields in the East cost bassin to the Bakken and Liassic. (see slide 17)
https://www.tagoil.com/pdf/TAG_Corporate_Presentation_08-2010.pdf
As far as I can tell, Tag's shells (Waipawa and Whangai) seem to have much better porosity than the Bakken and the Liassic shells.
Total porosity %:
Bakken: 8-12
Liassic: 4-5
Waipawa: 9-23
Whangai: 16-31
I don't know if we can compare porosity however with the information on hand. Tag's oil in these shells is believed to have a higher gravity however (lighter oil) at 50 API compare to 42 and 38 API for the Bakken and Liassic respectively. Also, they all have the same type of source rock (type II) but I don't know what that really represents.
Where to you get your info regarding the success rates achieved for oil shale plays in the US?
Benvest