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This unexpected area could offer a huge natural gas opportunity
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Thursday, November 11, 2010
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From OilPrice.com:

U.S. producer Apache said Friday it plans to drill a well by year-end to test shale gas potential in the La Calera field of the Neuquen Basin. The area already hosts conventional oil and gas production.

A few years back, Argentina would have been the last place on Earth for any kind of gas play. Let alone an experimental shale gas test.

Government price fixes in country have resulted in one of the lowest domestic gas prices in the Americas. Currently, gas sells for around $2.50 per MMBtu.

But the low price is curing the low price...

Read full article...

More on natural gas:

Porter Stansberry: Big signs of a bottom in natural gas

Jim Rogers: Now is the time to buy silver and natural gas

T. Boone Pickens makes outrageous claim on America's natural gas supply

Topics: Energy | Argentina | Commodities
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