Why do you guys mess up this board with your ridiculous sniping. It's boring and adds nothing to the argument. Mr Crabe this is a board for the merits or demerits of Igas as an investment case. If you hate fracking why bother commenting here. It's rather pointless. Fracking will be safe and if Igas can do it properly (which I'm sure they will) then they ought to try. This is an investment board not a "pros and cons of fracking" board. Grow up.
I appreciate that it’s neither exhaustive nor completely accurate, but the IGas Share Trades snapshot here is showing way, way, way more blue buys than red sells this morning, between 8.42am and 8,55am (which is the limit of the 60 transactions presented on one screen). A lot of very substantial buys too... 100,000; 68,000; 37,000; 30,000; 27,000; several at 25,000; and dozens at under 25,000. Against that, no more than 50,000 sells in total. Marketmakers playing silly buggars? Must reflect on SP soon.
"This is a milestone for the industry as there is now clarity and certainty in terms of regulation which enables both new and existing players to invest in shale and Britain's energy future with confidence."
Oh thats ok then because Austin really is a man of his word!!!
Thanks. Now I have a searing insight into Igas' funding. Quite clearly the market doesn't share your optimism. Anyhow, I hope you get out of your hole relatively unscathed. I'm sticking with Enq and Pmo which are better funded and not so reliant on, as you optimistically say, the oil price being back above $80.
You keep bleating on and on that IGas is going to run out of money... tomorrow... next week... next month. You keep asking the same tired question about how IGas will fund itself, and we keep giving you the same factual answers, but you totally ignore them and just ask the question over and over again. You must think we're as stupid as you are.
So, for the last time... (i) Irrespective of the depressed spot price for oil, IGas' current production is hedged at a selling price of $87.70 until 30 Sept 2015, by which time OPEC will have crumbled or changed its tune and the spot price will be back around $80. And (ii), IGas has an £80m exploration programme in hand that's fully funded by its several oil major PEDL partners -- and with much more of this to come, therefore requiring minimal funding (if any at all) from IGas itself. Please acknowledge receipt of this answer, and stop asking the same boring question over and over.
So it's pretty clear that either you're an idiot, or you have a thinly veiled anti-fracking, anti-IGas agenda. Let's be unrealistically generous for a moment pretend that you're not an idiot. QED, you have an agenda to deramp IGas by stealth from within, as a Trojan Horse. So you're just Crane in an ugly frock.
But wait... maybe not! You've just admitted that you're "invested, but just not here." So you're not invested in IGas at all. That's a good reason for you to p|i|s|s off and annoy people on BBs where you ARE invested, treating them to all your thimbleful of self proclaimed wisdom, given how much you say that you "know about capital structures, gearing, liquidity, dilution, roe's, etc". Bye bye!
If they didn't support the development of shale gas then they wouldn't put all these measures in place would they Ian. Which incidentally I fully support. Fracking is safe is done corrrectly, much like all other fossil fuel exploitation. THese measure should help make sure we don't make the same mistakes that were made in America.
Looks like you've been out to Burger King early this morning and swallowed too many Whoppers. What's the matter? What's up? Couldn't sleep last night for crying into your pillow?
The Infrastructure Bill was a walk over for fracking in the Commons yesterday. Almost got all party support at the end of the day. But like a broken record, you're still droning on and on trying to persuade yourself that it's "Game Over"!!! You're the only one who still believes your lies!! How sad. Time to change your tune. You're just a man of straw, clutching at straws.
I think the phrase "enables both new and existing players to invest..." Is a pretty clear hint that there are "partners" waiting to put money into Igas after the 14th round. With the potential profitability, why wouldn't they? Notice Cuadrilla's willingness to spend an extra 5 million pounds per well to reduce noise. They wouldn't be doing that if they didn't think this was very worthwhile enterprise.
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