Invest in Canada Shale Oil

Invest in Canada Shale Oil

For those who chose to invest in Canada shale oil play Bakken, it has paid off handsomely. This has led both the industry and investors to become very excited about finding huge new shale oil plays around the globe. However, so far Bakken is the only play on earth with any operating history.

Other sites only have estimates of prospective resources, and a lot of contingencies that can end up taking down the original estimates significantly. That fact has not stopped oil companies from pursuing new shale deposits, and there are several which look promising. TAG Oil , for instance, has published a report that says their "best case" resource estimate on their shale oil play in New Zealand could be 12 billion barrels of oil, with a "high case" of 37 billion possible. And that is only on a fraction of their land.

Photo source Rich Moffitt

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