As soon as someone has a major success with European shale the...

As soon as someone has a major success with European shale the price of companies like Elixir , San Leon (through their Realm acquisition) and to a lesser extent BNK Petroleum , EPG and Dart will go double and then some .

Other countries are waiting for evidence from Poland that there is no water contamination . People of Europe will for the first time see state of the art shale extraction with very wide well pad spacings , perhaps draining as much as 5 square miles each .

Zaza , who Toreador merged with have a 2012 drilling campaign in the Central Paris basin .

After the French elections in May the chances are that whoever comes to power will allow exploratory hydraulic fracturing of shale .

If this shows stunning results then surely they will put regulations in place to enable large scale production .

Take a look at Elixir's investor presentation to see how many thousand feet thick the shales are and how liquids rich they are supposed to be .