Article: UK Bowland Shale Worth $1 billion, page-15

From Cuadrilla's press release today:
"Our early analysis of this latest data suggests excellent rock quality for hydraulic fracturing and a high natural gas content in several zones within the shale. This is in line with the British Geological Survey, in association with the Oil & Gas Authority, independent report in 2013, The Carboniferous Bowland Shale Gas Study¹, which estimated a mid-level estimate of the gas-in-place in the Bowland shales across the North of England to be 1329 trillion cubic feet.
Francis Egan, CEO of Cuadrilla, said:
“We are very encouraged by our early analysis of the data and confident that there is a very sizeable quantity of natural gas in the Bowland Shale. In addition we can confirm that the rock composition is very suitable to hydraulically fracture. This give us great confidence as we start drilling what will be the first horizontal well drilled into UK shale rock.”
Cuadrilla has planning permission to drill up to four exploratory horizontal wells in the shale rock underlying its site at Preston New Road. The initial vertical sections of the first two of these wells have both now been drilled and we have just commenced the drilling of what will be the first horizontal well in UK shale. Once both horizontal wells have been completed hydraulic fracturing of both is likely to be in the second quarter of 2018. Cuadrilla plans to test the flow rate of natural gas from the horizontal wells for approximately 6 months after this."