CAMARILLO, Calif., Dec. 31 (UPI) -- Reservoir analysis of a natural gas well in Poland was encouraging enough to start looking for potential work partners, shale player BNK Petroleum said.
BNK Petroleum, which has headquarters in California, said Wednesday it was reviewing data from a reservoir model analysis for a Polish shale natural gas well dubbed Gapowo B-1H.
"The company believes that the encouraging modeling results, strong natural gas prices in Europe, and the company's large Polish acreage position will be attractive to joint venture partners with the capacity to advance this project," it said in a statement.
New drilling technologies like horizontal drilling and hydraulic fracturing, dubbed fracking, are used in shale deposits to access oil and gas reserves previously out of reach. Those operations helped put the United States in a leadership position in terms of shale oil and natural gas production, though few countries elsewhere in the world have enjoyed similar success.
Poland is one of the Eastern European countries thought to be rich in shale gas, though the U.S. Energy Information Administration said optimism has waned because of "unsatisfactory exploration results."
In early 2014, BNK Petroleum said its analysis of previous drilling samples led it to believe Poland was "highly prospective for shale gas."
3Legs Resources, a shale counterpart with headquarters in London, said last month it was abandoning its Polish ambitions.
The company said some of its wells in Poland were yielding oil and gas, but not at a level necessary for commercial operations.
