story on sky news this morning about UK Shale gas project and its potential to solve the UK's energy requirements with the large amount of gas potentially held.Early days for the project and they have only drilled to about where holdfast2 is down to on the first hole so the ade/bpt project is ahead of the one in the UK. They spent 2yrs studying the potential though.
Lots of focus coming on to this sector now. The story also highlighted the issues around the fraccing process though and the impact on drinking water etc......Something ADE / BPT dont have to worry about as it is in the middle on nowhere !
One other issue I have is that with all of this gas potentially being found then the supply side is getting very large. prices wont like that much.
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