Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Hani1 This whole episode has brought back memories of a share in a company called "Fortune Oil", which promised well, gave shareholders less shares for a higher looking price, which then dipped sharply down leaving most shareholders with very little I didn't work out what one would need to get back, to make up for the considerably reduced shareholding which we now enjoy, but if it was £10 a share it simply won't happen in my lifetime, in fact, I expect the shareprice to plummet down to 4p again before long. It is a duff company.
Hi i found it difficult to understand, i had 60,900 shares and my av was 0.459p, but now they divided on 20, so i have 3046 shared and my Avg almost £1, its a massive drop, do you think on the long run might go up to recover the lose. Thx
Looks like nothing stopping this now .
Good news from first observations of UKOG's core sample at Broadford Bridge. Igas has sites in the same area, hopefully with improved financing they might be encouraged to explore further in the south-east.
MarktheSpark, you are absolutely correct. But… according to Tom Pickering of Ineos, they don't expect UK Shale gas to contain any ethane.
Auntie Frack, according to Wikipaedia "ethane is isolated on an industrial scale from natural gas and as a petrochemical byproduct of petroleum refining. Its chief use is as feedstock for ethylene production.". In other words ethane could be refined from UK shale gas. It's a refined product, just like petrol and diesel are refined products of crude oil.
Ah don't confuse the issue. Ineos say we need METHANE from shale gas for energy in the UK. But what they are importing is ETHANE from shale gas for use as a feed stock for plastics. Not the same thing at all.
Your on the learning curve ,The shares you watch go up the shares you buy go down you get it right then you get it wrong we've all been there .When companies like this do a consolidation the sp starts dropping like a stone .
can't say I blame you. Many have been burned on this one, and time, money, patience is finite
Well, its been emotional...IGAS were my first investment and introduction to the world of shares. A steep learning curve, despite the positive feeling when i bought in last year, averaging down where possible and still having lost over half of my relatively modest investment, i have serious doubts/ concerns/ frustrations over the running and future of IGAS and treatment of it's investors. Particularly following the recent share consolidation, the company just doesnt seem to have the plans / prospects and assessts to carry the consolidated share price, which has steadily dropped since the consol and i suspect will continue to do so unless some dramatic news or changes occur. I've have therefore decided to cut my losses to try and recoup some in my other investments. Ill be keeping an eye on IGAS though for sure, with a view to maybe buying back in at a lower price if things stabilise and some good news appears. Thanks to all on here for your info and knowledge, certainly been useful throughout.
Exactly and Labour are aware that the DUP can hardly vote for Fracking in the UK, if it is banned in Northern Ireland. The spin doctors in the Labour and Libdem and the SNP may well be homing in on this, because here is a way to prevent DUP from voting with the Conservatives . If the other parties can defeat the Conservatives, as they would do on this subject, then they can slap down a motion of 'no confidence, in Her Majesty's Government'. Win that and they will have forced another general election !
Wonderful consolidation this one, so far everybody is losing money by it !
As you know the SNP and the Scottish government are not the same thing. The Scottish government imposed a moratorium on fracking and that has yet to be repealed, but INEOS is making a mockery of the SNP because they are having to import Shale gas from America, so the pressure is on the SNP. The SNP MPs the House of Commons are a different kettle of fish, they inherently hate the Tories and also know that Corbyn will be a pushover, for Scotland, compared to TM. They will vote strategically against the Tories, regardless
"Scottish Government met fracking corporation 5 times in 13 months" headline from a Web site called commonspace. com
Wood Mackenzie the respected O&G analysts suggest that as a result of Rough closure, reduced imports from Holland, the Qatar situation and uncertainties resulting from Brexit, there is an increasing likelihood of higher gas prices this winter and "it’s a perfect storm in terms of security of supply for the U.K.”. No joke this could be a big issue next winter. If anyone thinks that HMG will, firstly, ditch shale development, and secondly, be able to keep a cap on gas prices, they've got another think coming.
I SNP might not be against fracking. But given no legislation has been passed by the SG for over a year I wouldn't expect any changes soon. Also the SNP don't like unpopular decisions.
The Lib Dems membership voted to oppose fracking at their Spring 2016 conference, so it doesn't matter what Ed Davey thinks. But his comments were made as part of the coalition government so cannot relied upon anyway. Corbyn WILL ban fracking. GMB may be pro-fracking but every other major union is against fracking. Literally a couple of thousand people are against franking? Really? The government's own Energy surveys show 33% of the public are against fracking and only 19% pro. A couple of thousand against fracking? So how come there were 40,000 written objections to fracking in Lancashire? Really roguetrader83 you can do better than that.
https://theferret.scot/scottish-ministers-fracking-firm-ineos/
I wouldn't assume the SNP are anti fracking. They have had ample opportunity to ban it but my bet is that they thought they'd get independence vote through and keep the tax receipts from fracking at Holyrood instead of it heading down south. Only Corbyn thinks he can go against business and win.
The DUP cab do the same as the SNP and have a moratorium of fracking for the next 5 years and kick the ball into the long grass. This way everybody gets what they want, without anybody having to make unpopular decisions.
The Northern Irish government were against fracking until they were disbanded. That puts a ? mark over the DUP. If, as I suspect, the DUP are not in favour of fracking, then you can bet that Labour and Liberals will try to exploit that by calling for a ban on fracking in the UK. In that event I feel that all of the Labour and Liberal party and the SNP will, to a man/woman, will be against fracking because it will split the DUP away and give room to hold a vote of no confidence. Faced with a chance of power. I wouldn't bank on any opposition MP who has hitherto declared to support fracking, in the circumstances
Will be interesting to see Lib Dems position on it now. Ed Davey is pro fracking, Farron is gone and Vince is pro biz. Corbyn won't actually ban fracking as GMB are still one of the party's largest donors, he would promise everyone a free house if it got him elected. The saviour will no doubt be Ineos as they are the only ones with any financial and lobbying clout. The first test results are now only a stone throw away. There are literally just a couple of thousand ppl that are absolute anti but they make a lot of noise. It's not just fracking the government are making a dogs dinner of though, I'm finding it hard to think what they are doing well.
I still own igas shares . But I feel the next year is make or break , with a weak government and all the other parties opposed to fracking , if the gas doesn't start flowing soon and fracking isn't proven as an aid to bridge to low carbon tech then it's goodbye.
My word young man you have such a foul mouth. What would your mother say?
No no I don't mean removal of the Tory party I mean a change of leader. It's inevitable. In all fairness to the vicars daughter she did listen to her 'experts' and understood what needs to happen with onshore O&G. But she was always too weak to be the one to deliver it.