Heraclitus

Heraclitus





Friday, March 15, 2013 8:21:18 PM
Re: oilsleuth post# 32073

Post # of 32078



Guys,

Tassie has the most juiciest Shale on the Planet.
It outcrops up North and was mined and heated and had the oil extracted early last Century. Quite a number of barrels actually !!

Obviously this shale spreads beneath the rest of Tasmania.

Empire is looking for Conventional oil.

The potential of the Unconventional Shale via Fracking is a bigger story IMO.

Before anyone starts saying that the chemicals from Fracking wont be allowed blah blah blah, there is now a formula of liquified LNG and degradable fluids injected which dissolves back into gas and is recovered 100%.

If a long enough Horizontal is done, Fracking as the Yanks do it may not be necessary if Natural fractures are identified.

Now I don't want any smart asses coming back and stating that the Shale seam is only a few meters thick and wont bare anything.

Bullocks.

I suggest any drilling campaign at Bellevue etc, etc incorporates a decent horizontal kickoff of at least 800m into the Tassie Shale.

Our Shale is Kerogen Type 1 and all other source rocks are compared to this Globally.