ADE 0.00% 19.5¢ adelaide energy limited

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    Note the vertical well flow rate.

    The Utica shale gas play has a lot going for it:
    - Shallow depth of the shale
    - Proven fracturability
    - High production rates - up to 1 million cubic feet a day (mmcf/d) in vertical tests
    - Rock properties are comparable to other more established shale plays - right mineralogy, porosity and maturity
    - High-quality natural gas with minimal impurities - 88% to 97% methane, less than one per cent inert gases and 1,027-1,136 British Thermal Unit (Btu) content. Gas is pipeline ready ? no H2S, no CO2, no nitrogen extraction.
    - Infrastructure in place with nearby access to major pipelines
    - Premium natural gas pricing to NYMEX helps make the economics compelling. New York City Gate pricing typically averages US$1 above NYMEX Henry Hub, making the pricing environment attractive for producers.
    - Low initial acreage costs with low carrying costs.


    http://energymarketwatch.net/Utica_Shale_Gas.pdf
 
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