Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
*******DART ENERGY BB*********************DART ENERGY BB***************DART ENERGY BB******** Post here
Its gathering pace The Great Dash for gas, By Count David Fracula More Shaleys coming on stream to the stock market http://www.lse.co.uk/AllNews.asp?code=4fbk9hxe&headline=PRESS_Welsh_Shale_Gas_Explorer_UK_Onshore_Gas_To_IPO__The_Times LONDON (Alliance News) - UK Onshore Gas Ltd is planning a listing on the London Stock Exchange's AIM market in the next three months to help finance its ongoing exploration programme in Wales, according to The Times Friday. The shale gas explorer, which plans to start drill testing in June, believe that Wales has so much shale gas reserves that it eventually could start exporting globally. UK Onshore Gas Chairman Gerwyn Williams told The Times that the South Wales Milford Haven terminal, which imports liquefield natural gas from shippers, could be reconfigured to export the highly sought-after resource. ?If we are successful, there is no reason why we could not export shale gas from the Milford Haven LNG terminal,? Williams said. ?If it can happen in the US, it can happen here. It?s a matter of engineering.? UK Onshore Gas is better known for its subsidiaries Coastal Oil and Gas and UK Methane, but it also has 260,000 acres of exploration acreage in Wales, with plans to drill six wells over the next two years to assess the region's shale gas reserves. The Times said that, according to a consultancy in Texas, the area between Cardiff and Swansea contains up to 50 trillion cubic feet of gas, which would meet Britain's gas needs for six years. However, Williams argues that the official estimate is too low and should be more like the Bowland shale region in the North of England, which officially holds up to 1,300 trillion cubic feet of gas. If the exploration drilling shows enough reserves, UK Onshore Gas will apply for permission to frack the wells to test how much can be recovered. ?If the well results are positive, I?m sure we would get permission to frack them,? Williams said. ?There is a lot of unemployment in South Wales. Developing a shale gas industry in South Wales would create a lot of jobs.? The shale industry in the UK is undergoing a major push, with companies like Total SA, Cuadrilla Resources Ltd, IGas Energy PLC and Egdon Resources developing fracking operations around the country. Hydraulic fracturing, otherwise known as fracking, involves extracting gas trapped in shale by pumping in pressurised water and chemicals. In the US, fuel prices have falling sharply as fracking has become commonplace across such states as North Dakota and Mississippi. However, so far in Europe fracking has had mixed results - often being either controversial or unreliable. In the UK, there have been major protests against the method, which critics fear will pollute water tables in rural areas and may cause small earthquakes. http://www.thetimes.co.uk/tto/business/industries/naturalresources/article40398
Pretty good Math there We got some friends over on Frontera resources and In particular COALFIELD RESOURCES ( the old UK COAL) now if theres ever a discounted SP then CRES ( COALFIELD RESOURCES ) is the one to watch.... days away from a revaluation announcement in their end of year their company is valued at £37 Mill which is 25% of the HARWORTH ESTATES ( UK COAL holding company) so what I am saying is the whole of HARWORTH ESTATES , and this is a big beast is valued at £148 Million, me thinks 400 -600 is the true value. fancy some 11th hour help over on the CRES BB?? Kenstaff
Reckon for IGAS: production valued at 3.5X gross profit is worth 55p/share, and exploration acreage very roughly 128p/share, total 183p/share. SP 119p therefore selling at 64p (35%) discount. EDR: production too small to generate profit at this stage; net value of assets farmed out 13.5p/share, net risked value of other exploration assets 23.5p/share, total 37p/share. SP 20p therefore selling at 17p (46%) discount. Dart: haven't cracked it yet as maths on their farm-outs a little challenging.
Keep up the posts... Try to post feeds from Airth if I can
Kens, this a "holding" message to you ... need a little time to work some maths, but will be on the case...
*******DART ENERGY BB*********************DART ENERGY BB***************DART ENERGY BB******** Post here
3 week Public EnquiryPublic inquiry into controversial gas drilling plans in Forth Valley... By The Daily Record@Daily_Record DART Energy propose to release natural gas from deep coal seams at Airth, near Falkirk, but have encountered strong local objections. http://www.dailyrecord.co.uk/news/scottish-news/public-inquiry-controversial-gas-drilling-3255583
LAst nights trading HIgh 11.5 low 111 cents cose 11.2 cents still holding following upward trend
Yo Delta Well my Initial reaction is that its worth a lot more than its £70 Mill uK pounds MCAP (120ish ASD$) 1100 000 000 shares at 11cents Most rests on Airth Inquiry then Any Shale Findings, In particular Igas Barton site which is CBM drilling with a view to revealing the Shale Sample findings soon..... the 2013 report shows no debt??? They have the backing of a major Oil Co.. & prob will be more aggressive than previous drillers?? So certainly at then moment the SP may drift certainly up to 25 cents this year IMO, ALL UK SHALE COs have upside dependant on the first SHALE £££££sss Lets hope for a least NO BAD news at Airth, Im sure they have the nod on it anyway
Sure... might make sense for each of us to look at one parameter across all 3 cos... take your pick out of 2P+2C, or farm-out model, and I'll do the other...
Not yet perhaps we need to look at this. fancy helping??
Kens.. have you got a handle on valuation comparisons at current ASX SP, versus EDR and/or IGAS, e.g. by looking at 2P+2C mboe/market cap or else valuation implied by recent farm-outs?
*******DART ENERGY BB*********************DART ENERGY BB***************DART ENERGY BB******** POST
Protestors demonstrated outside as the first Public Local Inquiry into a planning bid to extract coal bed methane from the Airth countryside opened in a Polmont hotel today. Members of Concerned Communities of Falkirk, Falkirk Against Unconventional Gas and Friends of the Earth Scotland are fighting plans by Dart Energy to drill 22 wells and build a gas delivery, water treatment plant and pipeline on a four acre site at Letham Moss. The company is ready to invest £120 million in the project to reach coal seams 3600 feet underground and tap into an estimated nine to 14 billion cubic feet of gas to help meet the UKs energy needs over the next 20 years. It called on the Scottish Government to hold an inquiry into its planning application after Falkirk Council delayed its decision. Douglas Bain, the company’s UK manager, said: “We’re pleased to have the opportunity of demonstrating the important strategic role gas will play in delivering safe, secure and economical energy to the UK in the coming decades.” Mary Church of Friends of the Earth Scotland claimed: “By drilling into untouched coal seams and mobilising methane and toxic chemicals to escape through faults in the ground, Dart’s proposals could seriouslsy jeopardise Scotland’s climate targets as well as posing grave questions for local communities.” The inquiry in the Inchyra Grange Hotel before lead Reporter Karen Heywood is expected to last three weeks http://www.falkirkherald.co.uk/news/local-news/demonstrators-gather-as-public-inquiry-into-dart-energy-gas-drilling-plans-begins-1-3344427
Dart Energy has outlined plans to drill 22 wells in an area near Airth known as Letham Moss. The development site straddles the boundary of Falkirk and Stirling councils. The company's proposal to extract methane from the coal bed deep underground have faced opposition from local residents and campaigners. The inquiry into the gas drilling plans is expected to last about three weeks More than 2,500 people have lodged objections to the proposals. Dart Energy has insisted its plans will not involve hydraulic fracturing, more commonly known as "fracking". But the environmental group, Friends of the Earth Scotland, claimed coal bed methane extraction carries many similar risks to the process of extracting shale gas by hydraulic fracturing. And it said the industry often resorts to hydraulic fracturing to increase productivity once the gas flow from wells begins to decline after several years of operation. 'Methane myths' Dart Energy said the public inquiry will provide it with an opportunity to allay concerns in the community and correct what it describes as "the many myths" surrounding the production of coal bed methane. http://www.bbc.co.uk/news/uk-scotland-tayside-central-26625385
http://www.socialistworker.co.uk/art/37714/Protesters+say+no+to+fracking+for+gas+in+Farndon+Bridge The company is exploring for coal bed methane which could then be extracted through hydraulic fracturing or “fracking”. This can cause earthquakes and poison water supplies. The protest included local campaigners and around 120 people from an ongoing anti-fracking camp in Barton Moss near Salford. Protesters have started a Farndon Bridge camp to stop or slow down Dart Energy’s lorries. This is based on the model of Barton Moss and protests against fracking by Cuadrilla in Balcombe, West Sussex, last year. The Barton Moss camp has won a stay of execution after a court ruling for its eviction last week. Protesters have until Friday of next week to appeal. But there were fresh accusations of heavy-handed policing on Monday of this week, when at least ten protesters were arrested and one woman suffered head injuries
price holding Showing upward trend since November volume climbing slowly resistance this year maintained and bouncing of 11 cents Slow climb on ASX to todays close 0.115 Dino Dollars
*******DART ENERGY BB*********************DART ENERGY BB***************DART ENERGY BB******** POST HERE
Yo..... see youre in Egdon??? missed that one.... just for the hell of it dipped my toe in UJO & Europa..... Thanks for the post...... needs a few bods here to keep this one going. DART are like the preverbial S**/ in a Field in UK now..... Quite a bit of material to get through, so ANY POSTS MOST WELCOME. GO FOR IT!!!
Hi kenstaff
http://www.wigantoday.net/news/local/borough-highlighted-in-fracking-plan-map-1-6349603 AREAS of Wigan borough could be offered up to energy companies as part of plans to exploit shale gas reserves through fracking. A recent government commissioned report found that more than half of Britain could be used for exploration as ministers “step up the search” for energy reserves. The report - produced by engineering consultancy firm, Amec - said communities near to drilling sites could face increased traffic but environmental impacts would be “manageable.” Areas to the north and south of the borough are already included in licences held by energy giants. Energy minister Michael Fallon said community concerns about the impacts of hydraulic fracturing will be dealt with at local level. He said: “We have a robust system of regulations and, provided companies have gone through due process, the map shows there is a huge amount of shale gas. What’s important for public confidence is to show the system is robust.” A British Geological Survey report last year revealed that the north of England lies above vast amounts of shale gas that could supply the UK for decades. And world-renowned fracking expert Dr Chris Green, from Wigan based consultancy G-Frac technologies, last month said shale gas could “address our energy concerns”. He said: “We need to be allowed to do the analysis to assess the true potential (of the gas reserves in the North of England). “We know what we’ve got as a resource at this stage but not what we can get out. Only then can we say accurately what it will cost and what impact it will have.” Fracking - or hydraulic fracturing - involves chemicals and water being blasted into shale rock formations to release the valuable natural resource. But concerns have been voiced that the process can cause earth tremors and contaminate water supplies because of the amount of liquid used in the process. The Amec- report, commissioned by the Department of Energy and Climate Change, said 2,880 wells could be drilled across the UK, creating between 16,000 to 32,000 jobs. Energy firms Cuadrilla, Dart Energy and iGas already hold licences that would allow them to start drilling sites in areas of the borough subject to planning approval.
Fracking Licences Granted For St Helens By Mike Ashworth | February 12, 2014 From St Helens Reporter earlier modified by me More than a quarter of St Helens borough land could be used for fracking drill sites, according to a new government report. Energy giant Dart Energy holds licences covering 28 per cent of St Helens South and Whiston and 14 per cent of St Helens North. And fellow firms Alkane, iGas and Biogas hold small proportions of land that could be used for shale gas exploration if planning applications are approved. Opponents of fracking claim it can contaminate water supplies and cause earth tremors. Any drilling site for fracking would require individual planning permission. So keep your eyes peeled for announcements as you can make your objections knows to the Council and also attend the relevant planning committee meeting as they are open to the public. Fracking is a tidy little earner for local Councils as the Government recently announced incentives which will allow them to claim 100 per cent of the business rates collected from shale gas schemes, instead of the usual 50 per cent. All drilling operations are also subject to approval form the Health and Safety Executive and the Environment Agency. Let the St Helens Reporter know your views by getting in touch via the contact details on their letters page or commenting on the story which appears in the St Helens Reporter here.
David Cameron is already at loggerheads with his uncle, Sir Bill Dugdale, who opposes the HS2 rail link. Let’s hope the PM doesn’t fall out with his father-in-law over fracking. The fracking firm Dart Energy has refused to be drawn on whether it intends to carry out exploratory drilling near Sutton Park, the country home of Sir Reginald Sheffield, Sam Cam’s father. ‘Whatever we might say ... could and, in my experience, will be taken out of context and abused, so we may choose in the end to remain silent on that question,’ says a spokesman Read more: http://www.dailymail.co.uk/tvshowbiz/article-2583110/SEBASTIAN-SHAKESPEARE-Palace-hire-bank-bosses-dine-Buck-House.html#ixzz2wIP2pLT6 Follow us: @MailOnline on Twitter | DailyMail on Facebook
Daily spread Closing volume climbing slowly resistance this year maintained and bouncing of 11 cents Slow climb on ASX to todays close 0.115 Dino Dollars