Thursday, September 17, 2009

American Believes in Mississippi

American Exploration Corp. released news Tuesday that Schlumberger had conducted an analysis of the company's leases in Mississippi and found that the property has characteristics similar to those of the Haynesville Shale. The analysis indicates that the shale area is eight times thicker than the shale in Louisiana and Texas, and Schlumberger estimates that the area has gas in place of 300 Bcf per section.

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