Cuadrilla Place £136 Billion Value on Shale Resources

The chief executive of UK shale gas proponent Cuadrilla, placed value of the company's Lancashire's shale gas find at £136 billion.

The disclosure by Francis Egan was made in a discussion held on BBC Radio Lancashire.

Egan said that Cuadrilla's valuation of shale gas was not "over optimistic" and that the company felt that it would be able to extract 10% of the 200 trillion cubic feet of shale gas from the Bowland basin discovery

Cuadrilla officials maintained that the process of hydraulic fracturing (fracking) used in the extraction of the unconventional gas was safe.