September 23, 2010 at 08:42 AM EDT
Investing in the Paris Basin Shale Oil Play
10x Bigger than the Bakken The Paris Basin shale oil play in France has the potential to be ten times the size of the Bakken play in North America, and some high profile exploration is beginning soon. Estimates range from just a few to many tens of billions of barrels of oil in the Paris Basin. Much like the North American shale plays, these formations have been drilled through many times – there are over 1000 wells drilled into the Basin – so exploration risk is low. It’s completion risk – how to best unlock the oil from the rock – that is the main risk. So there is a lot of data, which makes exploration much less risky. It also means that local residents are used… . . . → Full Story: Investing in the Paris Basin Shale Oil Play
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