DART Energy have an ASX listing. I looked at them for a while, its a very volitile stock and they have just offloaded a load of employees and now focussing all effort on UK shale. They hold as many licence blocks as caudrilla and IGAS but with a fraction of the cash in bank.
Keep away if i was you, and top up IGAS which has served me well over the last 12 months.
"We are pleased to be delivering against our commitment given earlier in the year to rationalise our investment portfolio. We will continue to focus our resources on projects where Premier is best positioned to add value."
You are absolutely right it would not hit £6-7 ps until they are either near to production or in production. This has been overhyped all along . You cannot have a dramatic rise in the sp unless it is underpinned by something. Profits from existing oil will not show up in company fy reports until c.2020 -2021 . At the moment they are just eating into their nest egg . Personally I got in on iGas early. I am looking at Dart Energy, currently about 14pps , but they don't seem to have a uk listing . Seems a good possibility to me
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