DALLAS,TX- An American shale gas analyst is warning New Brunswick to proceed with shale gas development with eyes wide open because of misinformation that is cluttering the industry.

Deborah Rogers says reports in the U.S. show that shale gas reserves have been overestimated by up to 400 percent.

Rogers told her story to a group at Hampton High School on the weekend.

And the Texas-based analyst says the wells are not profitable. “Even the architect for the Securities and Exchange Commission, which is our stock exchange regulatory body..he’s a petroleum engineer and considered very well respected in the industry and he says 80% of shale wells at a minimum do not make money, they’re uneconomic”.

Rogers says shale gas supplies in the U.S. are four times the demand, helping drive prices down.