Monday, November 12, 2012

Why Shale Gas will Exceed the Hype!

Oilprice.com ^ | 11/09/2012 | James Stafford

Risk perception isn’t what it used to be. Ask the swelling ranks of Canadian junior oil and gas companies braving high-risk venues like Sudan, Iraq and even Yemen.
Technological advances and the shale revolution are making risk easier to digest. And political risk is no longer limited to developing countries. Plus, risk is increasingly relative: Ask anyone who’s been caught up in the politics of the Keystone pipeline.
Sudan is a case in point. While instability and a very fragile peace with South Sudan remains a threat, there is also growing optimism. The philosophy is this: Sudan and South Sudan will come to terms for the sake of economic growth, and oil will get them there. The prize: An estimated 5 billion barrels of oil.
In an exclusive interview with Oilprice.com publisher James Stafford, Emperor Oil CEO Andrew McCarthy reveals:
• Why investors are hitting up high-risk regions • Why Africa is more opportunity than risk • How political risk is no longer limited to developing countries • Why Shale WILL live up to the hype • Why conventional oil is still a great investment • And why human ingenuity will prevail
Emperor Oil (TSXV: EM.V) is an international oil and gas company with a focus on the Middle East and North Africa. Most recently, the company has renegotiated the terms of a joint venture gas deal in Turkey and introduced a significant conventional oil project in Sudan.
James Stafford: Oil and gas juniors are now setting up shop in high-risk countries like Sudan, Iraq and even Yemen. What’s behind this new era of risk, and are we likely to see more of this?
Andrew McCarthy: This question creates an opportunity for risk comparison
(Excerpt) Read more at oilprice.com ...

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