Guys, Its a helluva decision to make and they have no one else to call to
check if they are right.
They have to get the call right. Get it wrong and BP buys the place for
$scrillions on the proviso that we prove extraction and we cant get the
oil/gas out and sheesshh, what happens then??
Both Paul and Dave have their reputation on the line here.
Here is an exerpt from the Baranski Thread;
“What we’re doing is we’re chasing, rather than the oil, we’re chasing this thing called
a vapor phase,” said Paul Basinski, Burgundy’s founder. “And a vapor phase means
where you get a little bit deeper, and where the oil is no longer oil in the reservoir, it’s
actually a gas. But when you get it to the surface, then it becomes rich in liquids.”
Basinski says there isn’t yet a productive play in the world in this kind of rock.
“So I don’t know if this is going to work. I think that we’ve got a darned good shot,” he said.
“All the pieces are there. The question is, can it be drilled, and can it be fracked?”
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