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<DIV dir=ltr><FONT face=Arial size=2>----- Forwarded Message -----<BR><B><SPAN style="FONT-WEIGHT: bold">From:</SPAN></B> Energy and Capital <eac-eletter@angelnexus.com><BR><B><SPAN style="FONT-WEIGHT: bold">To:</SPAN></B> dharao4@yahoo.co.uk <BR><B><SPAN style="FONT-WEIGHT: bold">Sent:</SPAN></B> Friday, 8 June 2012, 16:36<BR><B><SPAN style="FONT-WEIGHT: bold">Subject:</SPAN></B> Are Putin's Shale Hopes Doomed?<BR></FONT></DIV><WBR>
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<DIV style="FONT-WEIGHT: bold; FONT-SIZE: 22px; MARGIN-BOTTOM: 5px; BORDER-BOTTOM: gray 1px solid">Are Putin's Shale Hopes Doomed?</DIV>
<DIV style="FONT-WEIGHT: bold; FONT-SIZE: 11px; MARGIN-BOTTOM: 1em; COLOR: gray; FONT-FAMILY: verdana, sans-serif">By Keith Kohl | Friday, June 8th, 2012</DIV>
<DIV style="MARGIN-TOP: 5px; FONT-SIZE: 15px; FONT-FAMILY: verdana, arial, sans-serif"><IMG style="FLOAT: left; MARGIN-LEFT: 10px; MARGIN-RIGHT: 10px" alt="Keith Kohl" src="http://images.wealthdaily.com/keith-kohl_75.png" border=0>
<div style="MARGIN-BOTTOM: 1em">Since 2008, the title of world's largest oil and gas producer has changed hands several times.</div>
<div style="MARGIN-BOTTOM: 1em">Russia, the United States, and Saudi Arabia have all been battling for bragging rights.</div>
<div style="MARGIN-BOTTOM: 1em">Most recently, Russia managed to regain its natural gas title from the U.S., but then lost its oil crown to the Saudis.</div>
<div style="MARGIN-BOTTOM: 1em">I can almost picture Putin's inner sanctum during energy-related meetings...</div>
<div style="MARGIN-BOTTOM: 1em">At the heart of the matter is how to bring on new production. Desperation must permeate the room.</div>
<div style="MARGIN-BOTTOM: 1em">The heated conversation between Putin and his merry gang of drillers could be taken right out of movie script:</div>
<div style="PADDING-LEFT: 30px; MARGIN-BOTTOM: 1em"><I>“Are you sure you've searched everywhere?” </I>he'd ask impatiently.</div>
<div style="PADDING-LEFT: 30px; MARGIN-BOTTOM: 1em"><I>“Yes, sir, we've looked everywhere,” </I>they'd answer.</div>
<div style="PADDING-LEFT: 30px; MARGIN-BOTTOM: 1em"><I>“And what about the town? The forests? The mountains?”</I></div>
<div style="MARGIN-BOTTOM: 1em">You get the idea...</div>
<div style="MARGIN-BOTTOM: 1em">We're not talking about a trivial amount of oil here.</div>
<div style="MARGIN-BOTTOM: 1em">No, Russia will need a lot more than the billions of barrels buried in the Arctic seabed if it plans on overtaking Saudi Arabia once again.</div>
<DIV style="FONT-SIZE: 10px; WIDTH: 100%; COLOR: gray; BORDER-BOTTOM: gray 1px solid; TEXT-ALIGN: center">Advertisement</DIV><WBR>
<div style="MARGIN-BOTTOM: 1em; TEXT-ALIGN: center"><B>This CEO Accidentally Reveals a Big Secret</B></div>
<div style="MARGIN-BOTTOM: 1em">Experts say North Dakota's Bakken Oil Pool may hold 4-6 billion barrels of sweet, light crude.</div>
<div style="MARGIN-BOTTOM: 1em">But the CEO of the biggest Bakken oil company just let it slip that there's as much as 24 billion barrels.</div>
<div style="MARGIN-BOTTOM: 1em">The thing is, there's very little land left for drilling leases... and that means Bakken oil companies may be worth 300%-400% <I>more</I> than most investors now believe.</div>
<div style="MARGIN-BOTTOM: 1em">You can watch this CEO's incredible video footage <A href="http://email.angelnexus.com/ct/8852853:12247071557:m:1:235829306:C5E364502E6BA30CB702A28F806EB92C:r" target=_blank rel=nofollow>HERE.</A><SPAN></SPAN></div>
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<div style="MARGIN-BOTTOM: 1em">In order to get an edge over the others, Russia will have to turn to the one thing that has breathed life back into the North American oil and gas industry since 2008.</div>
<div style="MARGIN-BOTTOM: 1em">Developing our unconventional resources is the sole reason we've been able to reverse a decades-long production decline.</div>
<div style="MARGIN-BOTTOM: 1em">The Russians have good reason to be <A href="http://email.angelnexus.com/ct/8852854:12247071557:m:1:235829306:C5E364502E6BA30CB702A28F806EB92C:r" target=_blank rel=nofollow>envious of our success.<BR></A><BR>The question is will Putin's shale dreams end happily.</div>
<div style="MARGIN-BOTTOM: 1em">We're not so convinced they will — because while they're not short of supply, one look at other would-be shale booms across the globe reveals things aren't progressing as well as they are here in North America...</div>
<div style="MARGIN-BOTTOM: 1em"><B>China and Russia's Jealousy Rages On</B></div>
<div style="MARGIN-BOTTOM: 1em">As holder of the largest shale gas resources in the world, China sure hasn't been very successful in developing it — and not for lack of trying.</div>
<div style="MARGIN-BOTTOM: 1em">The Chinese are planning to increase shale gas production to 6.5 billion cubic meters in 2015 and to nearly 100 billion cubic meters in 2020.</div>
<div style="MARGIN-BOTTOM: 1em">Considering Chinese output right now is one big goose egg, you can see how ambitious their plans are.</div>
<div style="MARGIN-BOTTOM: 1em">Just how much natural gas are we talking about?</div>
<div style="MARGIN-BOTTOM: 1em"><IMG style="DISPLAY: block; MARGIN-LEFT: auto; MARGIN-RIGHT: auto" alt="shale basins 6-8" src="https://images.angelpub.com/2012/23/14780/shale-basins-6-8.jpg" border=0></div>
<div style="MARGIN-BOTTOM: 1em">If current estimates project about 36 trillion cubic meters (or 1.2 <I>quadrillion</I> cubic feet, for those of you keeping track) buried under Chinese soil, you can understand why they're so excited.</div>
<div style="MARGIN-BOTTOM: 1em">But it's been slowgoing, to say the least.</div>
<div style="MARGIN-BOTTOM: 1em">Learning the ins and outs of shale production is what led CNOOC to pump billions of dollars into the various shale plays across the United States.</div>
<DIV style="FONT-SIZE: 10px; WIDTH: 100%; COLOR: gray; BORDER-BOTTOM: gray 1px solid; TEXT-ALIGN: center">Advertisement</DIV><WBR>
<div style="MARGIN-BOTTOM: 1em; TEXT-ALIGN: center"><B>I Have a Photograph that Could Hand You Thousands by this Time Next Year...</B></div>
<div style="MARGIN-BOTTOM: 1em">I don't blame you if this sounds far-fetched...</div>
<div style="MARGIN-BOTTOM: 1em">In fact, if I hadn't traveled hundreds of miles to frozen land — just to get the images — I wouldn't have believed it, either.</div>
<div style="MARGIN-BOTTOM: 1em">But <A href="http://email.angelnexus.com/ct/8852855:12247071557:m:1:235829306:C5E364502E6BA30CB702A28F806EB92C:r" target=_blank rel=nofollow>once you take a peek</A> at what I found, as well as the reasons it could make you rich, I have no doubt you'll change your mind.<SPAN> </SPAN></div>
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<div style="MARGIN-BOTTOM: 1em">Now it's Russia's turn to try their luck in the shale race.</div>
<div style="MARGIN-BOTTOM: 1em">One of Siberia's shale formations is being touted as Russia's version of the <A href="http://email.angelnexus.com/ct/8852856:12247071557:m:1:235829306:C5E364502E6BA30CB702A28F806EB92C:r" target=_blank rel=nofollow>Bakken.</A></div>
<div>It's called the Bazhenov Formation — and at nearly 600 million acres, it's been said this area is <SPAN style="TEXT-DECORATION: underline">80 times</SPAN> the size of the Bakken Formation.</div>
<div>But this isn't a new discovery.</div>
<div>In fact, we've known the <A href="http://email.angelnexus.com/ct/8852857:12247071557:m:1:235829306:C5E364502E6BA30CB702A28F806EB92C:r" target=_blank rel=nofollow>Bazhenov's potential</A> this since 2000!</div>
<div>And we're not completely convinced this formation is "the Bakken of Russia."</div>
<div>Our skepticism has nothing to do with the size of the Bazhenov, or even the flow of production that will come from it...</div>
<div>While it's been said output could reach a million barrels per day by the end of the decade, Putin and his comrades won't see a single drop of shale oil until they learn how to properly extract it.</div>
<div style="MARGIN-BOTTOM: 1em">That said, betting on the Bazhenov could end up costing you dearly.</div>
<div style="MARGIN-BOTTOM: 1em">Besides, why bother looking halfway around the world when there are <I>much better </I>opportunities available right here at home?</div>
<div style="MARGIN-BOTTOM: 1em">U.S. drillers are more valuable than they appear...</div>
<div style="MARGIN-BOTTOM: 1em">There's a reason China has been so eager to move into places like <A href="http://email.angelnexus.com/ct/8852858:12247071557:m:1:235829306:C5E364502E6BA30CB702A28F806EB92C:r" target=_blank rel=nofollow>the Eagle Ford formation</A> in Southern Texas.</div>
<div style="MARGIN-BOTTOM: 1em">The Middle Kingdom and Russia are both in desperate need of the coveted technology to extract their resources — just one more reason we'll continue to see lucrative deals in U.S. shale.</div>
<div style="MARGIN-BOTTOM: 1em">We saw this firsthand when Statoil shelled out $4.4 billion to buy Brigham...</div>
<div style="MARGIN-BOTTOM: 1em">Here are <A href="http://email.angelnexus.com/ct/8852859:12247071557:m:1:235829306:C5E364502E6BA30CB702A28F806EB92C:r" target=_blank rel=nofollow>three more shale stocks</A> investors are cashing in on right now.</div>
<div>Until next time,</div>
<div><IMG style="MARGIN: 10px" alt="Keith Kohl Signature" src="https://images.angelpub.com/2011/25/9079/keith-kohl-signature.gif" border=0></div>
<div>Keith Kohl</div>
<div><A href="http://email.angelnexus.com/ct/8852860:12247071557:m:1:235829306:C5E364502E6BA30CB702A28F806EB92C:r" target=_blank rel=nofollow><IMG style="VERTICAL-ALIGN: middle" alt="follow basic" src="https://images.angelpub.com/2011/50/11971/follow-basic.jpg" border=0>@KeithKohl1 on Twitter</A></div>
<div style="MARGIN-BOTTOM: 0in"><I><SPAN style="COLOR: #333333">A true insider in the energy markets, Keith is one of few financial reporters to have visited the Alberta oil sands. His research has helped thousands of investors capitalize from the rapidly changing face of energy. Keith connects with hundreds of thousands of readers as the Managing Editor of <A href="http://email.angelnexus.com/ct/8852861:12247071557:m:1:235829306:C5E364502E6BA30CB702A28F806EB92C:r" target=_blank rel=nofollow>Energy & Capital</A> as well as Investment Director of Angel Publishing's <A href="http://email.angelnexus.com/ct/8852862:12247071557:m:1:235829306:C5E364502E6BA30CB702A28F806EB92C:r" target=_blank rel=nofollow>Energy Investor.</A> For years, Keith has been providing in-depth coverage of the Bakken, the Haynesville Shale, and the Marcellus natural gas formations — all ahead of the mainstream media. For more on Keith, go to his editor's <A
href="http://email.angelnexus.com/ct/8852863:12247071557:m:1:235829306:C5E364502E6BA30CB702A28F806EB92C:r" target=_blank rel=nofollow>page</A>.</SPAN></I></div>
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