Published Wednesday, 28 March 2012
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That's according to Australian mining firm Tamboran Resources - the company behind an exploration project.
They have been carrying out preliminary analysis tests since last year on the underground shale in a site in the south west of Fermanagh and in north Leitrim.
Fracking involves drilling up for up to a kilometre down into the ground, then pushing down sand and water, which forces the shale rock to fracture in order to release the gas.
Michael Young, director of Geological Survey NI, told UTV the results of fracking in America have been "extraordinary."
"It's brought the price of domestic gas down by a factor of five or more.
"That has revolutionised the energy equation in the United States and other countries all the way round the world are realising that this is a game changer in the energy sector."
However, there is a growing number of people against the controversial extraction process. They say it is to blame for earthquakes and pollution in other parts of the world and could destroy the Lakeland county's clean, green reputation.
Last year, fracking was blamed for causing two minor earthquakes near Blackpool, England.
The process has also been dogged by allegations of pollution.
Tourism and farming are Fermanagh's main industries and those opposed to fracking argue it will damage both.
Basil Chambers has a small farm of 56 acres. He is worried that it will affect the quality of the ground.
He thinks the gas shouldn't be tampered with.
"There's nothing wrong with the gas down there - leave it alone.
"In 50 years time, maybe they'll have a better way of extracting it - then [they can] take it up."
Around the countryside, gravel covered areas know as pads sprung up during the exploration process. One such pad is less than half a mile from Corralea Adventure Centre on the shore of Lough MacNean.
It was established by Marius Leonard and his family.
"This is basically our dream - and our dream has been shattered by the events of company coming in here.
"Fracking is a worrying factor for us and if it does come along it will have an impact on our business no doubt.
Marius is a member of local protest group Fracking Awareness Network and has spent time reading scientific and university led research about the process.
"They point to a very sad situation where water is contaminated, air is contaminated...an industrialisation of the countryside."
Tamboran Resources insist chemicals will not be used during fracking in Fermanagh.
Richard Moorman, the firm's chief executive, said: "We are about to begin environmental impact assessments those will take over a year and once they are complete of we will have to apply for planning permission, then you go through a consultation phase.
"Now simultaneous to this the DOE is doing their own studies, things like understanding the effects possible through the process on the environment and so we will await those study results as well."
Mr Moorman said the process could begin in the autumn of next year.