POLISH DREAM MURDER
The toll of failure in the Polish shale gas experience continues to mount with the departure of the last major.
ConocoPhillips announced on is Friday that is was withdrawing from shale gas exploration in Poland.
"Unfortunately, commercial volumes of natural gas were not encountered," commented country manager Tim Wallace in a statement.
The company said had drilled seven wells in its three Western Baltic concessions encompassing approximately 500,000 acres, investing approximately $220 million through its subsidiary Lane Energy Poland since 2009.
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