I would not go as far as ( doing without revenues from North SEa O&G) that , 9.5 Trillion $ worth of Gas in place up to now , without more posetive survey, flow results from around the uk, they will make it happen come greenpeace or no greenpeace sentiment which ever goverment is inpower they will cast a posetive spin, And Im putting my money on IGAS to grab a hefty % of the market
On the other side of the coin and one which I would speculate on is that realisation may gradually dawn on the numbskulls in Parliament ( all of them, not one particular party) , is to realise that shale gas and shale oil have the ability to wipe out the UK's balance of payments problem. Thus, releasing more money to pay off national debt. It that thought dose cross their minds, then you could see shale gas on stream within a couple of years. Also, it presents a good opportunity to tell the Scots SNP that the UK does not need Scottish oil, and they can keep it all, especially as it is forecast that the impact of shale gas/oil world wide is said to reduce world oil prices by 25-40%. At that price the oil companies will probably not wish to maintain their deep sea operations off of the Shetlands. Goodbye whingeing Scots, they can always sell candles
One thing for sure
You can be guaranteed is this government or whatever government, want this to happen asp they want the money asp, things will be fast tracked with regards to anything to do with fracking including planning permission etc, don't be surprised if things move quick next year, especially if some more major players start showing an interest, Have to admit this government seem to be behind helping the company's at the same time showing a concern for the flip flop protesters!! Sooner be in then out even if I have to wait some years.
RE: Return info & Forecast
Dont know if I can stay in it that long.... However recent spike the price doubled to £1.50 from .70 Looks like its got a long way to go £5.00 plus mentioned yesterday isnt that much of a pipe dream IMO
Return info & Forecast
Thanks Guy,s Its not if Shale or CBM get into mainstream feedstock but when ! The reason I asked vernony to look into his crystal Ball regards SP , is the part IGAS will play in this future UK Gas domination and is this a x10 Multibagger ? in 3.5.7 years down the road OR next year ! GLA
IMHO Q1 2014 will be the big breakthrough for 'the People's Gas' (and oil). We are promised preliminary news of the Barton exploration by the end of the financial year. Also we haven't heard what Cuadrilla have found in Balcombe and then there is the next stage of the BGS survey which covers the South and South-east where Igas have significant licences. If I realise all this new information is forthcoming that then I suspect the big energy firms will realise it too and we may therefore see significant efforts to buy in soon. Yes the tripling of the SP won't come for a year or so but the take-off will be soon.
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