I'm looking at it glass half full rexsh. CSG even if it is more expensive than the conventional WE currently has a geological prospective number of 11tcf!!! With gas price volatility in the east fluctuating between 7 and 12 $/GJ it is definitely worth it especially considering how CSG's perform historically through their lifetime! They can historically last 30 years!
Until they say it isn't commercially viable, then the jury is still out!
You can't have all your eggs in the one basket.
Capex requisites will sort itself out once we know the cost to production. If we get a contingent resourc..e anywhere from half to the full 11Tcf then finding that money will not be a problem! The market is there and it is 2 to 4 times that off the West coast. That is a fact.
I'm looking at it glass half full rexsh. CSG even if it is more...
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