Posted on 09/03/2014 7:36:19 PM PDT by bananaman22
One of the world’s legendary investors is upping his bet on Argentina’s shale oil and gas industry in a show of confidence for shale production in South America’s largest unconventional prize —and a big boost for both supermajors and smaller players making big waves in the heart of new discovery areas.
George Soros has doubled his stake in YPF SA, the state-owned oil company in Argentina, which sits atop some of the world’s largest shale oil and gas resources, and is about to get even larger following a new discovery over the last couple of weeks of a second key shale play.
Argentina holds an estimated 27 billion barrels of technically recoverable oil and 802 trillion cubic feet of technically recoverable shale gas, much of it located in the Vaca Muerta, an enormous shale formation in the Neuquen basin -- the second-largest shale gas deposit and the fourth-largest shale oil deposit in the world.
(Excerpt) Read more at oilprice.com ...
No! Really! (Lol)
What a Fracker!
Wonder what benefits Soros’s Argentinian and Polish shale holdings would enjoy if he can stop US Fracking.
They are going to beat(drill) a dead cow?
So now we know why Obama is against the Keystone Pipeline.
Bully for Soros. Break the grip of the Arabs with more and more oil and gas. Flood the markets. In doing so, we will all help to break the back of the Islamists as their funding will dry up.
That country has so many great natural resources and so few people, how the heck can it POSSIBLY not be fabulously wealthy. Oh, wait...
.
So they can pay their bills, their just dead beats
OK Georgie, get it boy. Not everybody can drill shale and get production. Hope you spend, oh maybe, a couple billion on dry holes and watered down formations.
You’d think no US major would be stupid enough to partner with Argentina but there’s Standard Oil of California leaping right in.
Anyway, Kirchner better not cross Goldfing......er I mean Soros over this if she doesn’t want to die of SIDS.
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