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Igas Energy Share Chat (IGAS)



Share Price: 134.50Bid: 135.25Ask: 136.50Change: 1.75 (+1.32%)Riser - Igas Energy
Spread: 1.25Spread as %: 0.92%Open: 134.50High: 138.25Low: 133.25Yesterday’s Close: 132.75


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kenstaff
Posts: 2,406
Off Topic
Opinion:No Opinion
Price:107.75
vote of confidence in the Hmgov
11 Jan '14
http://www.nytimes.com/2014/01/12/business/international/total-of-france-is-expected-to-seek-shale-gas-in-britain.html?_r=0

Total’s participation would be a vote of confidence in the government of Prime Minister David Cameron, which has been trying to promote shale gas as an alternative to declining production of oil and gas in the North Sea, despite opposition from local communities and environmental groups. Total, a major offshore oil and gas producer in Britain, apparently wants to expand its role.

Surging production of oil and gas from shale rock has sharply lowered energy prices in the United States and helped make its industry more competitive, though it has also brought criticism from environmental advocates. Britain, however, is the lone country in Western Europe that has encouraged the exploration of shale gas, which is produced through hydraulic fracturing, or fracking, which uses a high-pressure mix of water, sand and chemicals.

Analysts say that if shale gas production is successful in Britain, countries like France and Germany, which are thought to have considerable shale gas potential, might reassess their thinking.

So far, shale gas exploration in Britain has been led by a handful of small companies.

Other large European oil companies, including BP and Royal Dutch Shell, have taken a cautious approach to British shale gas. Shell’s chief financial officer, Simon Henry, has said that the company was wary of attracting the protests and news media attention that accompanied some onshore drilling efforts in Britain.

Total has already attracting some of that attention, even before an official announcement.
 
kenstaff
Posts: 2,406
Off Topic
Opinion:No Opinion
Price:107.75
View Thread (2)
CONFIRMED IGaS TOTAL
11 Jan '14
PEDL 139/140 GRIMSBY DONNY.
DONNY & the area surrounding this is one BIG FRACKLAND.
also big COAL BED METHANE AREA.

http://t.co/GJXnHryY8F
adoubleuk
Posts: 450
Off Topic
Opinion:No Opinion
Price:107.75
View Thread (5)
RE: " TOTAL" The French g..
11 Jan '14
Hang about people. Total's 'investment' of £30 mil is absolute chicken-feed. What's significant is that it can be considered a token gesture. A bit like someone calling in an opening hand of poker, not raising nor anything like that. A signal of interest, in other words, and wanting to remain in the hand. Just testing the waters, so to speak. But also possibly a precursor to making some far bigger move into the play later on.
Suzz
Posts: 3,773
Off Topic
Opinion:No Opinion
Price:107.75
Partners
11 Jan '14
Total will on Monday announce a deal to commit 30 million pounds ($50 million) to drilling for shale gas in Lincolnshire in central England, two sources familiar with the matter told Reuters, confirming details published in the Telegraph newspaper.

The French giant, worth about 103 billion euros ($141 billion), will partner with smaller explorers Dart Energy , Egdon Resources, IGas and eCORP, on two exploration licences.

Click on Igas share news icon above to read full article.
Hatari
Posts: 122
Observation
Opinion:Strong Buy
Price:107.75
View Thread (5)
" TOTAL" The French giant
11 Jan '14
I get your drift, A very BIG bed required indeed.
finhar
Posts: 21
Off Topic
Opinion:No Opinion
Price:107.75
RE: " TOTAL" The French g..
11 Jan '14
a very BIG bed required otherwise the little ones will be squashed
kenstaff
Posts: 2,406
Off Topic
Opinion:No Opinion
Price:107.75
View Thread (2)
RE: " TOTAL" The French g..
11 Jan '14
Interesting
Wonder which 2 licence areas they are??

sounds a bit of a mish mash. wonder which company they are getting in bed with??

Dart are already partnered with GDF SUEZ
CENTRICA with CUADRILLA

????????????????????????????????????????????

we will see Monday!!!
Hatari
Posts: 122
Observation
Opinion:Strong Buy
Price:107.75
View Thread (2)
" TOTAL" The French giant..
11 Jan '14
Total to invest £30m in Britain’s shale gas hunt
French energy giant expected to take 40pc stake in UK fracking licenses.

Details published in the Telegraph newspaper.

http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/10565189/Total-to-invest-30m-in-Britains-shale-gas-hunt.html
Hatari
Posts: 122
Observation
Opinion:Strong Buy
Price:107.75
" TOTAL" The French giant..
11 Jan '14
Total will on Monday announce a deal to commit 30 million pounds to drilling for shale gas in Lincolnshire in central England, confirming details published in the Telegraph newspaper.
The French giant, worth about 103 billion euros ($141 billion), will partner with smaller explorers Dart Energy , Egdon Resources, IGas and eCORP, on two exploration licences.

Looking Very Good here. The share price should rise on Monday.
ecovest
Posts: 866
Off Topic
Opinion:No Opinion
Price:107.75
!US COAL SHIPPED TO EUROPE!!
11 Jan '14
"The argument to make better use of scale and global trade – for example by taking carbon pricing seriously – is strengthened by the efficiency with which the two fossil fuels are traded across borders and even continents, something not yet possible with the wind and the sun."

The above is pretty crucial (though I'd have thought, by the way, that electricity produced from wind and sun can be traded across borders ...). US shale has displaced coal to Europe. If shale gas replaces coal that's one thing, but if it simply displaces it, that's another. Without carbon pricing (which would affect the prices of both coal and gas, and also make renewables more competitive), then you'll just get displacement which of course will not be great for climate change because of the carbon intensity of coal compared to gas.

Neither is is true to say that this argument has been ignored/is new - I've certainly seen it before.



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