TSXV:PAN.H - Post by User
Post by
ragingcanadianon Jun 13, 2008 11:19am
283 Views
Post# 15182256
OT SPAM: UNE
OT SPAM: UNETheres another shale play in the States called the Marcellus Shale Play in Pennsylvania, West Virginia, and Ohio. It may contain
500 Trillion cu. ft of gas.
https://geology.com/articles/marcellus-shale.shtml
Actually the Marcellus shale may be a better play than the Utica
https://www.searchanddiscovery.net/documents/2007/07101nyahay/index.htm
The United States Geological Survey had estimated that the Marcellus contained only 1.9 trillioncubic feet (54 km³) of technically recoverable natural gas in a 2002 publication.[96] In 2008, Terry Engelder, a Pennsylvania State Universitygeosciences professor called his estimate of 168 trillion cubic feet (4,800 km³) conservative.[96]State University of New York at Fredoniageology professor Gary Lash has calculated that more than 500 trillion cubic feet (14,000 km³) of natural gas may be contained in the Marcellus black shale beds that lie between New York state and West Virginia.[97]At the present level of technology, he believes approximately 10% ofthis, or 50 trillion cubic feet (1.4 trillion m³), could be recovered.[97] This is enough to satisfy approximately two years' of total U.S. consumption,[96] or a total value of approximately one trillionUnited States dollars.[15]
https://en.wikipedia.org/wiki/Marcellus_Formation
Unbridled Energy UNE is one Canadian Company that is already there and drilling
https://www.stockhouse.com/News/CanadianReleasesDetail.aspx?n=6936275
And Sprott seems to think they are onto something. They just bought in over 19% of the company
Apivotal placee in the offering was Sprott Asset Management who nowholdsthrough shares and warrants, 19.3% of Unbridled's outstandingshares
https://www.unbridledenergy.com/news/article.aspx?id=72
Check out their site
https://www.unbridledenergy.com/
Do your DD
Good Luck
.