the comfort in gdf suez in our corner, page-2

This is the article that "Gecko" was discussing on the forum. We need to be positive about DTE and I agree with
Gecko. One day this will pay off for all of us patient DTE holders its just a matter of time.

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SLR supports UK shale gas and coal bed methane farm-in
Tuesday, Dec 03, 2013
Environmental advisory and due diligence work for GDF SUEZ E&P UK Ltd (GDF SUEZ), carried out by a multi-disciplinary SLR team, has contributed to a successful Farm-In agreement between GDF SUEZ and Dart Energy.

The deal, which involved GDF SUEZ acquisition of a 25 per cent share in 13 UK onshore licenses, represents their first entry into UK onshore exploration licenses with shale gas and coal bed methane potential.

SLR’s due diligence assignment included assessment and evaluation of each target Petroleum Exploration and Development Licence (PEDL) and exploration licences and addressed a wide range of environmental and Social Licence to Operate (SLTO) characteristics and constraints. The results of the SLR work contributed to GDF SUEZ overall evaluation of each licence as part of their assessment process.

SLR Technical Director Dr Tony Smith said: “The feedback we have received from GDF SUEZ has been very positive and is a testament to the quality of our work as well as our ability to meet tight deadlines. Environmental and SLTO due diligence is an increasingly important component of overall unconventional gas project evaluation”.

A significant part of GDF SUEZ investment going forward will be focused on exploration work. This will include the drilling up to four wells targeting shale gas potential in the Bowland Basin and ten wells targeting Coal Bed Methane (CBM).

The project further underlines SLR’s growing expertise, activity and reputation in unconventional gas.