If chevron and shell are involved and Shell is spending $250 million to explore in its tenement, it tells you they believe in the potential of this gas to be realised. The shales are over 5000m thick are deep enough underground and are of he right age...they have been compared to the Marcellus shales.Thats why the South African government is calling this a game changer!
On top of it,Cel has an acreage that has flowed big rates with no fracking. What more encouragement would anyone want !
CEL Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
