It is going to be hard to shoot to that depth,
.........
according to the article to get to the required depth —they shoot more than one shell—or however many it takes where each shell punches deeper
Even air resistance would become a more complex problem with depth.
For Shell, a million dollars indicates interest, but that is small money in the big picture. It may well work in areas where producing formations are shallow (3000 ft. or less) and large numbers of vertical holes are desirable versus horizontal drilling.