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Exxon Mobil Pulls Out of Polish Shale Gas Search, Gazeta Reports

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June 16 (Bloomberg) -- Exxon Mobil Corp. has ended its search for shale gas in Poland after two wells failed to yield flows big enough to make development profitable, Gazeta Wyborcza reported today, citing Adam Kopysc, public and government affairs adviser for the company’s Warsaw-based exploration unit.

“Ending shale gas exploration in Poland means pulling out of further operations,” the newspaper quoted Kopysc as saying. In addition to the two failed wells at Krasnystaw and Siennica, Exxon Mobil has four other licenses among the 109 issued in the country, Gazeta reported.

Kopysc didn’t answer a call to his mobile phone today.

Link to Company News:{XOM US <Equity> CN <GO>}

To contact the reporter on this story: Marek Strzelecki in Warsaw at mstrzelecki1@bloomberg.net

To contact the editor responsible for this story: David McQuaid at dmcquaid1@bloomberg.net

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