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Igas Energy Share Chat (IGAS)



Share Price: 69.75Bid: 69.50Ask: 70.00Change: 0.375 (+0.54%)Riser - Igas Energy
Spread: 0.50Spread as %: 0.72%Open: 68.75High: 68.75Low: 68.75Yesterday’s Close: 69.375


Share Discussion for Igas Energy


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MarktheSpark
Posts: 1,517
Observation
Opinion:Buy
Price:71.875
RE: Britidh banks say no
15 Jul '17
Auntie, I'm sure you're not bothered but this paragraph is from the National Grid's recent document "future energy scenarios"

"Gas is critical to security of supply now and as Britain continues the transition to a low carbon future. It will have a long-term role as a flexible, reliable and cost-effective energy source favoured by many consumers."

Please also note that shale gas is already in the UK energy system via imported LNG.

Actually this is quite serious, all our nuclear power stations will be gone by 2035, North Sea supplies are in decline, and Norwegian supplies are also in (slower) decline. Uncertainties about carbon pricing and the carry-over from the low oil price means investment in gas exploration has been low (but is improving). Currently there is a glut of worldwide LNG (coming from conventional methods as in Qatar, and shale gas as in the USA) but almost all countries are responding either to a climate change or pollution agenda and replacing coal with imported LNG so the price will probably rise and or move into shorter supply. Wind & Solar cannot take up the slack until battery technology is better advanced, even Elon Musk is running short of batteries for his Tesla car manufacture. All in all UK energy is not in a good place so if you care about your children's future then think about where our base load of energy is going to come from over the next 40 years or so.
 
MorningJan
Posts: 215
Off Topic
Opinion:No Opinion
Price:71.875
Igas
14 Jul '17
Very disappointed with this share , didn't think this would be so slow !
AuntieFrack
Posts: 74
Off Topic
Opinion:No Opinion
Price:71.875
Britidh banks say no
14 Jul '17
“The shale industry is never going to take off because of public opposition”.
http://energydesk.greenpeace.org/2017/07/14/uk-fracking-bank-loans-challenge/
Vernony
Posts: 2,167
Off Topic
Opinion:No Opinion
Price:70.00
Mark
14 Jul '17
I cannot help but feel, that there is something much deeper here. Is, one idea being that OPEC have failed to rig the price of oil, mainly because there are too many countries in the association, so they are picking on the weaker ones, to bring the rest into line for fear that they may be next ? Is perhaps there a military/strategic advantage in Saudi being able to control Qatar ? Is is perhaps something to do with Iran's nuclear facilities and Qatar is being threatened as a bait for Iran to defend it, in turn to produce a reason to go to war with Iran and to bring the West in overtly because America have a mutual defence treaty with Saudi. Covertly to to destroy Iran's nuclear capability. This is the reason I favour most
GoldMap
Posts: 11
Off Topic
Opinion:Buy
Price:70.00
Cuadrilla
14 Jul '17
Courtesy of The Guardian
Thursday 5 January 2017 11.06 GMT
"The energy company Cuadrilla has started work on a controversial shale gas site in Lancashire that will later this year become the first well to be fracked in the UK since 2011"

Chief executive of Cuadrilla, Francis Egan
“It’s a resumption of operations,” he said. “It’s been a long break. So for us it’s good to be able to commence work on the ground. We know there’s a lot of gas in the ground and we hope to demonstrate that it can be made to flow out in commercially viable quantities.”

Kerogen is invested in AJ Lewis which has a substantial holding in Cuadrilla. Kerogen has recently invested $35m in return for a 28 per cent stake in IGas. IMO a strategic investment DYOR
MarktheSpark
Posts: 1,517
Observation
Opinion:Buy
Price:71.00
Overtime for PC Dixon
13 Jul '17
News that the attacks on suppliers by Cuadrilla protesters (and presumably therefore a higher threat assessment) has led to an increased 24 hour police presence at the Preston Road site. Police have been bussed in from other parts of the country to cover the extra workload.

The road outside the site has had to be closed at least once because protesters had locked themselves together in the roadway outside. That won't endear them to local people. But I'll say something for 'em - green bladders must be strong bladders.
Meta4
Posts: 61
Observation
Opinion:No Opinion
Price:71.00
RE: Major upside
13 Jul '17
As most of teh Australians that owned 83% of Igas before the recent restructure, I haven't been able to attend any AGM of Igas but I read everything the company puts out.
Why?
How does that matter?
I deal in facts rather than overly optimistic and unfounded fantasies.
MarktheSpark
Posts: 1,517
Observation
Opinion:Buy
Price:71.00
Qatar again
12 Jul '17
No sign of the Saudis and their allies responding to Tillerson's agreement with Qatar to stop terrorist funding. They seem to be playing hardball. Hard to know what the Saudi objective is? Have they gone too far to lose face now or is there a hidden agenda, even something as bald as a land grab for gas resources? But would they risk a confrontation with the Turks and Iran? Whatever, it seems to me there is insufficient risk premium built into the oil price right now.
MarktheSpark
Posts: 1,517
Observation
Opinion:Buy
Price:71.00
Another bit of positive news
12 Jul '17
This week we’re almost all cooking with a bit of fracked gas.

According to the Financial Times the first shipment of LNG From Sabine Pass in the USA arrived at the Isle of Grain Terminal around July 8th on LNG tanker Maran Gas Mystras. Almost certainly the gas would have been pipelined from one of the major gas producing areas in the USA, which means it’s as likely as not to be shale gas.

So this week the gas will be moving into the system, either directly into our gas pipes, or providing the 40% of electricity that is generated from a CCGT station
GoldMap
Posts: 11
Off Topic
Opinion:Buy
Price:71.00
RE: Major upside
12 Jul '17
Reminder of recent news....

Financial Times
IGas plans UK shale exploration after restructuring clears path
UK group earmarks east Midlands sites for drilling as it examines case for fracking
July 3, 2017 4:00 am by Andrew Ward, Energy Editor

IGas, one of the UK’s largest onshore oil and gas producers, is aiming to start drilling for shale gas later this year after a financial restructuring that wiped out more than $100m of debt.
The London-listed company has approval for exploratory wells at two sites in the East Midlands, in partnership with Total, the French oil and gas major, and Ineos, the privately owned UK petrochemicals group.
Stephen Bowler, IGas chief executive, said a refinancing in March, in which the company raised $55m of fresh capital and cut borrowings from $122m to just $7m through a debt-for-equity swap, had cleared the way for drilling to start.

IGas was aiming to commence work at Springs Road and Tinker Lane in Nottinghamshire in the fourth quarter while also seeking approval to drill at several sites in the north-west of England, Mr Bowler added, in an interview.
The plans add to growing momentum behind efforts to bring US-style fracking to the UK as privately owned Cuadrilla and Third Energy press ahead with wells in Lancashire and Yorkshire, respectively.
Unlike Cuadrilla and Third Energy, IGas does not yet have approval to start hydraulic fracturing — pumping water, sand and chemicals under the ground at high pressure to release gas from “tight” rock formations — but its planned wells are designed to take core samples, which it hopes will demonstrate the case for fracking.
Mr Bowler said the coming months would be an important test for the nascent UK shale gas industry, as IGas and its rivals try to disprove sceptics who question whether the US shale boom can be replicated in a more densely populated country such as Britain.
“A lot more technical work has been done in the UK before drilling than was done in the US. But we will still need tens of wells to be drilled before we will know [if UK shale gas is commercially viable],” Mr Bowler said.
“Almost as important as whether the well flows [with gas] is doing it safely. We will have to do things more sympathetically than in the US.”
As well as questions about the viability of fracking in the UK, IGas has faced doubts over its financial sustainability but Mr Bowler said these were now settled.

“We’ve fundamentally changed the balance sheet and can rebuild from here,” he added. “It showed that we were here to stay.”
The refinancing was led by Kerogen, an energy-focused private equity company which also has stakes in Cuadrilla and a promising North Sea explorer called Hurricane Energy.
“Kerogen coming in changed the dynamics for us because their credibility and technical expertise gave confidence to others to back us,” said Mr Bowler.
Hong Kong-based Keroge




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