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Timothy Smith

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Timothy Smith

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Thursday, 10/08/2015 6:05:25 PM

Thursday, October 08, 2015 6:05:25 PM

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China has nearly tripled the size of proven reserves at its Fuling project, by far the country's largest shale gas find, according to a Sinopec (NYSE:SNP) official.

The Jiaoshiba block of the project in southwest China reportedly has 273.8B cm of newly proven reserves, which would take total proven reserves at Fuling to 380.6B cm, giving it the potential to have an annual production capacity of 10B cm by year-end 2017.

Purely My Own Opinion. Do Your Own Due Diligence.

“Formula for success: rise early, work hard, strike oil.” - J. Paul Getty

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