Korea Gas Joins Northeastern B.C. Shale Gas Play

摘要

Korea Gas is buying a 5% stake of the Cordova Embayment project from Mitsubishi Corp.. the equal joint-venture partner of Calgary's Penn West Exploration in the play. Mitsubishi will transfer one-tenth of its share of the project to Korea Gas. Mitsubishi estimates the shale play could hold 5-8 Tcf of gas.