Petroceltic Falls After Black Sea Well Disappoints: Dublin Mover - Bloomberg:
'via Blog this'
Interesting piece of business information this.If they cannot find gas in Kamchia it does nor augur well for further up the coast.It also puts pressure for shale gas extraction. A lot of money has been invested and with little reward.The Bulgarian government has previously rejected shale gas extraction under public pressure, but there is serious money in this.The problem is that, in an earthquake prone area like Bulgaria, high pressure drilling is like playing Russian roulette.
'via Blog this'
Interesting piece of business information this.If they cannot find gas in Kamchia it does nor augur well for further up the coast.It also puts pressure for shale gas extraction. A lot of money has been invested and with little reward.The Bulgarian government has previously rejected shale gas extraction under public pressure, but there is serious money in this.The problem is that, in an earthquake prone area like Bulgaria, high pressure drilling is like playing Russian roulette.
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