Management with the Dynamic Group of Houston are convinced after four years of study that they have identified significant new play potential deep on the west Louisiana shelf, a province largely regarded by industry as mature for exploration. "Most of our industry thinks the U.S. shelf is in late life, and the only remaining opportunities are for low-risk, low volume exploitation targets," said Rob Pascoe, managing director and chief geologist. "We believe that may not be the whole story. Our studies describe a large-scale new play, with the potential to be liquids rich and high value," Pascoe said. He said new technology and geological insights are the key.
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