What should the tax level on unconventional gas be in Poland?

01 January 2013 1 3K Report

The proposed tax level is perhaps too high.

After spent half of my industry career studying unconventionals (including Poland) I would argue that the shales in Poland are simply not good or thick enough. It will be hard enough to pay for the drilling, let alone make any profit. Following disappointing results of ~50 wells, all major companies have left. Tax does not help obviously, but the exodus started with the geology turning out less attractive than hoped for.

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