A rare opportunity exists to enter the popular Marcellus Shale natural gas play in Pennsylvania. The Marcellus has been in the news for the past few years, as many large domestic and foreign oil and gas companies have made substantial purchases of these newly discovered gas reserves. However, there remains a unique opportunity for a company to enter this world-class play without having to pay a high price.

Rod Roberts, the president and owner of Lancer Resources, L.P. -- a privately held firm that assembles prospects for oil and gas exploration -- says on this week's "Industry Today" webcast: "The Marcellus Shale is one of the largest remaining natural gas plays in the world." Lancer Resources is now offering to the industry the Falcon Point Marcellus Prospect in south-central Pennsylvania (Huntingdon, Bedford and Fulton Counties), within the very large Broad Top Synclinorium (BTS). When asked what the potential gas reserves were in the Pennsylvania Marcellus prospect, Roberts said, "Our analysis indicates a potential of 3 to 7 TCF in potential gas reserves, with potential to double that reserve number."

Over the last 28 years, Lancer Resources has been very successful, having discovered in excess of 150 BCF of natural gas reserves. Adding value to Rod's prospect is the fact that the first Marcellus horizontal well discovery has been made within the company's prospect area. The horizontal Marcellus well had a 30' flare on August 6, 2011. Lancer's acreage position surrounds this very important new discovery.

Roberts is very bullish regarding the risk/reward ratio of this prospect opportunity, which on the Falcon Point Marcellus Prospect is tremendous. "I like prospects where we can de-risk the downside, and yet have a significant upside -- a rarity in today's market."

"This is an excellent time for a company to move into a new frontier area with the opportunity to discover extensive long-term gas reserves. Our project allows the right company to acquire large potential gas reserves at a low entry cost, near the largest gas consumption in the Northeast." Roberts reiterated that this may be the last big opportunity in the Marcellus. When asked to summarize his Falcon Point Marcellus Prospect, Roberts said: "We've assembled 59,000 acres currently within the prospect area. Most leases have a five-year paid-up term, plus an additional five-year extension option. Our company owns 2,000 surface acres available for purchase, located strategically inside the prospect area. Finally we have an existing pipeline infrastructure and gas takeaway capacity available with close proximity to the prospect acreage, and availability for a water plant as well."