last sentence is crucial. All eyes will be on results from cores...

last sentence is crucial. All eyes will be on results from cores obtained in Encounter1. Initial summation rrom BPT at drill-site was that the shale was 'saturated' with gas! Let's hope so.

"?In November 2008, the Interstate Natural Gas Association of America (INGAA) published a report, "Availability, Economics and Production Potential of North American Unconventional Natural Gas Supplies," that included an updated resource base for natural gas in the United States and Canada. The INGAA study states that the assessment of shale gas potential in the United States and Canada is a work in progress and there is a long way to go to understand remaining potential and implications for future natural gas production. The advance of drilling and well completion technologies, including hydraulic fracturing, has opened up plays in a number of different basins that were not previously considered to have economic potential. The volumes calculated for gas-in-place are extremely large, and a small difference in the estimated percentage of gas-in-place that is recoverable has a huge impact on estimates of recoverable resources."

http://www.api.org/policy/exploration/hydraulicfracturing/shale_gas.cfm