Birds of Prey Delay Polish Fracking Boom

By Bloomberg - 2013-02-11T12:04:29Z

Photograph by Julia Schmalz/Bloomberg

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Waiting Game

BNK Petroleum Inc., a producer of oil and gas in the U.S. that operates concessions in Poland, faced similar delays as it sought to deepen a well and drill horizontally from its promising Gapowo-1 site.

Even though another few months may pass before it gets the approval, the explorer has said it is determined to wait and doesn't plan to leave Poland.

"We have spent a lot of money exploring in Poland already and believe we have found an area that's highly prospective to make commercial shale gas wells," Wolf E. Regener, chief executive officer of Camarillo, California-based BNK, said in an e-mailed response to questions on Jan. 31. "We are hopeful that over time all these permitting processes will be streamlined so that permits can be issued faster while still having all the protections that both the government and the industry want." dialogue, which may or may not boost support in the end."

To read the full article by Marek Strzelecki, click here.

To read more stories on fracking, click here.