"The two key issues for developing Tight Gas are Development of tight gas assets hinges on two central issues: location and recovery.Location is a concern for “stranded” assets, where there is no local market infrastructure and transportation costs result in non-commercial economics. Recovery depends on the technology available to maximize production volumes. (http://www.exxonmobilchemical.com/IOGCEC/Technology-Tight-Gas-insert-en.pdf)"
Leyshon has already overcome the infrastracture issue.
Technological development is at full pace supported by Governments and industry.
Edgunner alerted us to Greka Drilling. Interesting read on them. Left me wondering whether Pacific Asia Petroleum Limited (100% LRL) could go on to be a valuable drilling company.
LRL not very well understood imo.
Oscar
LRL Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held