fracking has been round for more than 50 years in the UK for example Buckingham Marshes where wells produce oil and gas and in Nottinghamshire where it gies back to the early sixties.FWIW we have some acreage there
Realdeal2, I'm not at all convinced the 'shorts need closing'. Frankly, this SP rise is flying on the shirt tails of the recent news - even though the relevant permit does not even involve us... Nor does it do anything to address the bond 'issues' we're stuck with. In my view, all this rise will do - unfortunately - is to allow other shorters to join the fray.
Usually we see eye to eye on the more technical topics. However I can't agree with your comment about the frac job being better done by Cuadrilla or Ineos.
The process of fraccing is very much teamwork between the Operator and the third-party company actually doing the work. In fact while its actually happening in the field, the Operator's role is very much more one of quality control and HSE (here used not as a rude word, but real) complience. Although fraccing is in its infancy in the UK, it most certainly is not, worldwide. Third's representatives will be taking if not a backseat role, something close to it, and learning as much as they can from the fraccing consultants, who should (one hopes) be able to give advice on the best ways to proceed. An operating company which is not prepared to listen to specialist advice based on experience is unlikely to go far.
It's a small point, but one I feel has to be made.
Anyway, enough of that. Opened this page and saw the SP price. Rubbed my eyes, thinking I was dreaming, or had misread where the decimal place was. But no. Whoeee! That's more like it. Go, boys, go!
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