Poland Shale Scenario to Play Out in 18 Months

The feasibility of shale gas production in Poland will become clear over the next year-and-a-half, said Stanislaw Rychlicki, supervisory board chairman of state-controlled natural gas monopoly PGNiG SA.

“Perspectives for shale gas will be determined over the next year-and-a-half through 30-40 test drills that will be done by various companies” he said.

“It will then turn out which of the three scenarios we’re dealing with: reserves so scarce there’s no point in drilling, large reserves but costs too high, or large reserves and acceptable costs.”

Source: Wall Street Journal