SP looking rubbish today, a glut of oil and low oil price so O&G exploration not likely to be popular short term. Also general run away from market risk on the back of Syria and Ebola and no compensating positive news from IGAS. Hate to state the obvious but a good time to top up. Have 2K left in the pot, IGAS or HUR folks (or half of each etc)? Wonder if IGAS will be a takeover target itself once all the takeover technicalities are done. I have clever clever Cautious nd all the doppelgängers filtered. Just do it - nothing said on this BB effects the SP so he is just urinating into the wind and isn't worth the bother.
And please keep an open mind IGAS/NON-IGAS holders, not trying to deramp etc.. But this share is clearer than the first letter on the opticians board!! STRONG SELL for now... Although will be looking to get in soon, waiting on C7(or C7's nephew) or anybody else to post some specifics on target SP's will make for some good discussion..
As predicted, the share price has continued its drift downwards.. KENSTAFF.. That 30k of yours is only going to dwindle.. No matter how many positive stories you post.. Common sense is STRONG SELL until news is released, unless a t/o is on the cards, who know's.. Get out whilst you can, wether it be wider market sentiment, oil price or just IGAS.. We all know where this is going.. DYOR
Normanby 1 and Grove 3 drilled as conventional exploration wells. • Represent a basinal and platform setting in the East Midlands area. 1437m 1494m Gamma Sonic 57m Normanby 1 Grove 3 • Gamma Active Shales present in both wells. • Thicknesses vary due to geological setting.
Dart provides unique exposure to the unconventional gas sector • Large asset base in all the right play-zones, comparable with other companies • First UK CBM project with Gas Sales Agreement – to ramp up to c. US$100m p/a revenues within 3 years • Second UK CBM field development close behind; multiple other CBM blocks with potential • One of UK’s top shale portfolios – enormous potentia
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