Recovery rates from tight gas reservoirs are not 6%, please...

Recovery rates from tight gas reservoirs are not 6%, please carry out the necessary research before submitting such figures.

The ultimate recovery of tight gas reservoir can be in the order of 28-40 per cent. In comparison recovery from conventional wells can be as high as 60-80 per cent.

The development of tight gas plays, differs significantly from the development of conventional resources. With a conventional reservoir, each well is capable of draining oil or gas over a relatively large area (dependent on reservoir properties). As such, only a few wells (normally vertical) are required to produce commercial volumes from the field.

As Leyshon have stated, they expect their company to be valued at $1 Billion in a very short space of time. I think they are being conservative with this estimate.