I was so amazed at the recoverable figures for Germany revealed today:
The Federal Institute for Geosciences and Natural Resources (BGR) said between 0.7 trillion and 2.3 trillion cbm of the gas could be technically extracted.
That I overlooked the resource estimates in Trillions Cubic Metres
This is calculated as a 10 percent extraction rate they believe is achievable from the 6.8 trillion-22.6 trillion cbm of shale gas they have located in the country.
Which if we put into the more usual Trillion Cubic Feet this works out as a low level 6.8 trillion cubic meters goes to jaw dropping 240TCF, which puts the UK's Cuadrilla 200 TCF resource in the shade.
These figures are so huge that they are almost unbelievable. I'm asking for a second opinion to confirm the figures just in case Reuters have made an error. There will be many people who will be hoping they have.
If anyone has more on this, please drop me a line.