Ann: Derby Block Update & Backreef Oil, page-13

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  1. 2,429 Posts.
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    Onshore shale gas isn't a giant offshore field and can't be valued the same. Gas from Derby is worth a lot, but it aint worth 90B! More like a tenth of that at most, although that is still a lot. And yes ohmygod is right, in relation to Derby it's unlikely a drill will be in the ground in 2015. There is an outside chance OBL drills in the Backreef area but after two dusters there chasing teeny tiny prospects I wouldn't count on it or anything from it if they did manage to get anything up.
    Last edited by bhutos: 02/12/14
 
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