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Keep it simple Quote - Report - 4. Centrica Energy's Experience of CBM Extraction Direct Energy has expertise in drilling over 160 coal bed methane wells since 2000. Direct Energy is North America’s largest competitive energy solutions provider, serving residential and business customers in Canada and the US. CBM is extracted in a gradual process from appraisal to full production in these development areas. Wells are drilled initially to establish commercial resources in the deep coal seams and then additional wells are drilled roughly 1km apart to increase the potential to achieve commercial production- clusters of 8/9 wells are established - commercial development area with each wellhead linked, gathering station- Centrica compresses the gas and introduces into the existing gas grid,or the gas can be used to generate electricity. - Coastal Oil & Gas, run by Welsh businessman and ex-miner Gerwyn Williams is involved in a number of PEDL licences in South Wales, and some of these licences were awarded 16 years ago. Within PEDL 100, test drilling has taken place in 3 fields revealing substantial quantities of high-quality CBM. CBM Technical Briefing - Centrica Energy has estimated the potential resource within two of these three PEDL areas 221/ 223, estimates that With a potential recovery factor of 25%, these two PEDLs have a potential resource of 62 billion cubic feet (bcf). The potential r is estimated at over 100 bcf. Centrica Energy's financial commitment in South Wales, through to development will be £26m. This will be spent over a 10 year period. Centrica Energy has committed to drilling 2 appraisal wells within each licence area to approximately 800 metres below surface. The Farewell Rock (Lowest Westphalian A) marks the base of the productive coal measures. There is a presumed permeability floor at around 1200 metres below the surface. It is not planned to drill deeper than the base of the Westphalian A coals. 'Foremost geologists' Matt Lawton from Cuadrilla told MPs that his company was probably the biggest shale gas exploration company in Europe, with licences to explore land in the north of England and southern England. Mr Lawton said that his firm did not currently hold any licences to explore for gas in Wales, but that could change. "We are not currently licence holders in Wales, but it's possible that we might take an interest in future licensing rounds," he said. "Certainly our geologists - who are I guess some of the foremost geologists in the private sector in Europe - concur with Gerwyn's view that there is substantial opportunity in north and south Wales potentially for shale." HTH ATB - This is ALK/EDR territory or just Gerwyn goes feral - Split deal or farm in. I'm not ruling it out CBM EDR/ALK CMM - 28th Oct DECC deadline -to decide Centrica are a major player here (Wales) - Farm in deals a plenty. Better in than out as they say & I'm not knocking Matt L - I'm a bean counter, h

Ken, I'm uncontrollable but you are smashing me into the ground here, my printer has now jammed - note the re-affirmed buy rating today , the FT Telegraph/Guardian UK emergency power measures & the SP languishing - vol 473k ish buys . I take on board your request for a Wressle valuation - thanks for putting me on the spot but I've worked late tonight & I will answer you tmz if that's OK, great to see your enthusiasm which IMHO will be realised in the next 3-6 months. More good news on the way rather than bad - Hopefully - I'll get my calc out and post tmz. Cheers Ken always a pleasure. Baz

Hi Ken, I keep on top of your posts as you know, I said a while back about certain nuclear reactors taken off line had fires, the problem is evidently deeper, our aging power generating fleet UK wide Coal/Nuclear & some gas - I think this info will take time to filter into the MM's as ALK power gen (Interims) was lower 1st half due to known investment patterns, I truly believe 2015 will be our year and onward. When the carefully laid plan 'hopefully comes home'. Great video I do watch again cheers me up when I can't get any info. Interims out on the 10th Sept fingers crossed - I'd like some info on the ALK EDR front, I've seen the EDR Wresstle results theres more to come there and I do hold shares there and it will be a medium term haul but the opportunities are there, good management hopefully will win the day. ATB GL thanks again Ken.

Always knew there was softer under belly, Thanks for the links - these are by far the strongest most recent independent endorsements of the BOD emphasis & recent acquisition for generating capacity increases - the Telegraph article ( I missed) - that must be worth 10p a share - the detail of lost capacity per plant & timing delays shrinking capacity margin are enormous Intel (A lot of our power gen plant is > 30 years old we're backward in many areas & they need maintenance) - many thanks if press releases like this doesn't get retail investors interested and increase share volumes what will? - We don't want the rat pack though. ATB & Thanks again - uplifting info - keep it up and get on board & leave de-ramping in the past! get converted to Nat Gas!

After the sale of a very profitable Pro ‘ German’operation 2006-8 – ALK had to start in the UK from scratch really, affordable acquisitions were necessary trying to build a CMM resource base to exploit such as Greenpark energy acquisition in 2012. The continuous pressure to build a revenue/operating base has flattened/suppressed earnings for the last 5 years, despite growing revenue as the group diversified into DBO/STOR . Profits in 2009 were £1.4m EPS 1.5p sales £6,2m in 2013 £20.3m Earnings £2.7m EPS 2.7p – Net assets increased form £15.7m to £33m. As all the ALK BB know it’s been a plodder. The investment Profit lag dilemma, investors question - when will profits overtake historical investment growth overcome the lag??!! & stop the share price depression. The interim profits 10th Sept will show record profits +£9m up from £1.2m mainly the Shale sale, the Carron £12m acq’n July will deliver record operating profits for 2014 year end excluding exceptional profit as the investment lag reverses i.e. Wheldale 10 MW STOR hits revenue Q4, Maltby £6m acquisition 2013 full 7 months contribution 11MW base load, refurb of Shirebrook 11MW STOR – will deliver record output & generate record profit growth. At least 2 investment funds have bought into ALK last 3 months – Alliance Trust 6.9m shares & River & Merc -6.8m shares both understanding ALK’s exposure to EDR. In EDR JPMorgan has bought 15m shares 6.8% in June. I personally think there is massive operating synergy between these companies excluding shale, EDR can accelerate ALK need/access to Nat Gas sites by a quantum leap of scale & they both can jointly explore new 14th Rd Opportunities in a JV scenario. I see both company shares only going north – over the next 3-4 years – these are two to lock away, all companies have short term operating glitches that’s life – the secret is Who is at the helm, I think Neil O B & Mark Abbott are two of the best CEO’s in their league – I will continue to increase my holdings as my modest cash becomes available. One duster in 37 plays is not a game changer and EDR have had their share – I’m with JPMorgan on this and back quality management – Total have – to name but a few. ATB DYOR HTH

10 year old diss-info is bottom barrel stuff - ALK's main business pre 2007 was Germany's Pro 2 - Quote ' 2007 Accounts Revenue is significantly affected by the change in the Company’s holding in Pro2 Anlagentechnik GmbH. On 1 January 2007 Pro2 issued new equity shares to third party investors for an amount of €1,400,528. As a result Alkane Energy plc’s interest was reduced from 51% to 38.01%, and therefore Pro2 is treated for reporting purposes as an associated company rather than as a subsidiary from 1 January 2007. Its results are no longer consolidated. ALK derived most of it's income from Germany in 2005 from a company called Pro 2 - it's like comparing apples/Pears/Monkees/Grapefruit krap £1 illustrative share price - ALK earnings are UK based not 2005 Overseas 'Alles in ordnung' as they say - 2005 Earnings just weaken your argument. PLus in 2007 - ALK Net Assets were £11m this year +£50m and rate of growth accelerates proportionate to Net Assets curve - especially with a fleet re-investment type business. DYOR GL ATB

Ineos, the company at the centre of last year's bitter dispute with unions at its Grangemouth petrochemical plant, has bought the rights to explore fracking for shale gas in a 127 square mile area around Grangemouth and the Firth of ForthIneos, which is the world's fourth biggest chemicals company and, through Grangemouth, supplies nearly all of Scotland's forecourt petrol, said it intends to become a "major player" in onshore gas production in the UK. The company, which needs gas to fuel its chemical plants in Grangemouth and Runcorn, Cheshire, has made no secret of its desire to enter the fracking sector and has poached experts in shale gas exploration from around the world. It recently began a $600m (£350m) project to bring ethane produced from shale gas in the US to Grangemouth after the Unite trade union gave in to Ratcliffe's tough demands for an end to workers' final salary pensions, job cuts, a wage freeze and harsher redundancy terms. Ratcliffe, who has been nicknamed "JR" after the oil tycoon in Dallas and "Dr No" after the James Bond villain, had threatened to close the plant with the loss of hundreds of jobs. Gary Hawood, chief executive of Ineos Upstream, said: "This is a logical next step for Ineos and we are very excited about it. With our large UK asset base, existing operating capabilities and exemplary safety and environmental record, we are well placed to become a major player in the UK onshore gas production sector. "Over the last year Ineos Upstream has been drawing together a team of experts in the sector, including a number of leading shale exploration and development specialists from the US. This expertise gives us the perfect platform to move into onshore exploration. DYOR HTH Love your kids 1300m down is never a problem. HNY. Dr No will deliver he's in the next Bond Film. What a man & he's British. Ask JR!

Copy my EDR post - House Prices debate - my joint Com - FYI only - Shale House Prices Affect !– GOR Blimey London property has ALL Underground workings Victoriana – not stopped USSSR buying in though!! The London underground & new £15bn project ( Largest in Europe) has not discounted house prices in the Capital – lack of economic activity everywhere else does far more hurt, social dep – The Shale protestors ??!! London underground has less than 500m depth some places - fracking +1300m be so that it might be. I’m from South Wales mining Community & I have at least +15 mile underground pit formations or +100 years my house price is OK if I had jobs here upward - like Shale engineering my house would double for rent for job considerations alone – look at the US house price plus. When the skilled energy jobs flow in all this will be tears in the rain, none of us are looking at the skill gains for our kids – just a short term jerk long term get to grips & de-ramp the Mkt – too many small minded MM#s – sleep well ! Because the competition is always coming – if we dilly & a dally to our cost and so on – China South America will take the piXX Someone’s got to Wake Up. DYOR GL HTH - Biggest -ve multiplier for house prices is -no jobs - no prospects - no Local Authority money result of - then think lack of clean energy - every time then build a Coal 4 silly Watt Drax - all upside down. GL GNDYOR don't listen to me.

Shale House Prices Affect – GOR Blimey London property has ALL Underground workings Victoriana – not stopped USSSR buying in though!! The London underground & new £15bn project ( Largest in Europe) has not discounted house prices in the Capital – lack of economic activity everywhere else does far more hurt, social dep – The Shale protestors ??!! London underground has less than 500m depth some places - fracking +1300m be so that it might be. I’m from South Wales mining Community & I have at least +15 mile underground pit formations or +100 years my house price is OK if I had jobs here upward - like Shale engineering my house would double for rent for job considerations alone – look at the US house price plus. When the skilled energy jobs flow in all this will be tears in the rain, none of us are looking at the skill gains for our kids – just a short term jerk long term get to grips – too many small minded MM#s – sleep well ! Because the competition is always coming – if we dilly & a dally – China South America will take the piXX Someone’s Wake Up. DYOR GL HTH

Hello C7, your point is very valid, any investor must come to terms with their attitude to risk or risk aversion, EDR is an exploration Co with inherent risk & volatility and you are quite right to query that assumption ‘constructively! Start with facts & the EDR drilling history - since 1990 has 7 hits with the drill against 24 wells a 29% success rate which is relatively high. The MM’s know this and factored it into the SP. Next 2 drills, Phase 1 Wressle & Burton are ‘Keep the lights on projects - in oil Exp terms’ should be lower risk - production bias events designed to increase the production base from 194Boepd up to achieve operating cash flow cover for overheads and reduce cash burden to explore. A far smaller Igas model/PPC etc. In answer to your question. 1 Wressle/Burton were never game-changers – EDR operator but minority in share circa 2m boe EDR 25% Celtique & Europa 1/3 & Union Jack so success/failure just business as usual same Burton. 2 Wressle success in isolation upside could be 5.8p share – but is already discounted in low 20’s SP – so failure is very real but - ‘Operating Set back only’ holding back daily bopd, never a multi bagger such as PPC & Kea - the reserves although welcome are journeyman like towards. Phase 2 Quote the broker - In the near term, the group plans to drill three prospects in Q314 – Wressle, Burton on the Wolds and North Kelsey. We highlight that, with permits in place and rigs contracted, these wells have near-term potential to surprise on the upside, with a successful outcome at all three locations being worth around 40p to shareholders based on our estimates. For the remainder of 2014 and into 2015, we highlight two exploration prospects of notable materiality to Egdon: Biscathorpe and Prospect A. Egdon targets a material 19mboe from both targets, with success at both representing around £0.84 to shareholders based on our estimates. In terms of the cash requirement to fund these exploration wells, we note Egdon carries a material working interest in both prospects, Biscathorpe 54% WI and Prospect A 100% WI, and has the option of farming-down to raise capital if required. End Quote - IMO Prospect A is a (Nat Gas) game changer – all these exclude Shale’ but none of these prospective conventional targets are really factored too heavily in the SP – I think the price still understands Totals' commitment to EDR and can’t be discounted too heavily especially now Ineos & it’s USA advisers are on the ground. Conclusion failure with drill at Wresstle could cost IMHO 2-3p from todays’ SP and similar with a Burton failure, to compensate - the upside exc a strike (2 dusters) - I would expect news on the 14th Rd within the next 3 months & with full year 31st July figures Oct/Updates & a farm out in the middle? - any SP suppression for drilling failure won’t

Short point, looking at IGAS - can take recent drilling results & further planned to DECC to show proof of concept, EDR now drilling 2 wells whilst bidding round is in play until end Oct 14 is strong stuff, also hopefully there might be news of EDR& ALK kicking off Nooks Farm Joint PEDL owners & proving the JV concept approach to DECC to evaluate the combined entity take on larger acreage - the timing is nearly perfect- fingers crossed & for the drill results next week - 38 days 26th? . GL HTH

HI Ken, My take on it is as follows Global Brands sa - Keep it brief, the 14th Rd is forcing the entire consolidation of UK Onshore PEDL exploration activity, a radical throughout play affecting all & is an integral element of the bidding process. The over-riding commercial pressure is the threat for cash poor/poorly capitalised operators & JV’s is forfeiture, DECC lost control of the 13rd (land-banking no activity recession mainly ) and as Ineos states not enough exploration has taken place last 6 years. 6th Yr anniversary 30th June 14. At the same time your guys at Igas are drilling, Cuadrilla, EDR and ALK should update on Nat Gas Nooks at the Interims whilst negotiations with DECC are Work in Progress. Major shareholder of Global, Gerwyn Williams GW has over 500k acres with proven CBM (drilled by Eden Energy 2008) and is 50% operator & shared in some of these - mainly in Wales with Eden Energy Australia (already lost 3 PEDL’S) - New Exploration commitments gearing ratios etc are too much for any cash strapped player & the DECC wants it that way (esp upfront audit for a major 6 year drilling prog - I mean IMHO in the UK) esp the poorly capitalised. With the DECC Oct end bidding deadline forfeiture will be assessed and quantified – so something has to give very soon! Global failed to take over UK Onshore Oil & Gas (couldn’t raise the capital) UKOG = UK Methane= Coastal Oil & Gas = GW who owns 30% of Global with a Conv Loan Note for more shares. These PEDL assets need to be exploited or lost, if you’ve worked on them for 20 years unlikely to let go without a fight & GW has shared interests with Centrica and so on, also ALK/EDR have dealt with GW for many years (Nooks Farm was owned by GW – in Seven Star!!) so expect some activity here – I don’t know how/what or when - but there is no point being quoted on AIM unless the commercial opportunity is used, and Global is an investment company – so assets can be introduced by the major shareholder, or farm in whatever capacity – not/never a recommendation as everything is so unclear, but GBR can illuminate other areas of interest in unconventional plays . GW is a survivor and serial energy entrepreneur with massive experience & respect in this area so ….. to be cont’d. HTH GL Ken. 8 out of 10 Ken? maybe

Alk interims due 10th Sept should show circa £9m profit with exceptional items - Shale sale but lower output - which will be reversed for the full year results to record output for 2014 especially with the Carron Acq'n in July. Solar is just an additional cost reduction benefit to keep STOR power sites low cost and stop parasitic energy loss. With ALK DBO they can configure new energy solution mix per site - to suit and are adaptable, positive cash flow from Carron & Maltby will allow further growth. Key is the current 14Rd last acreage play from DECC - nothing (Land) left in UK after - now Ineos are in as well - things will get very tense next 10 weeks until the end of Oct bidding done!!! Exciting times what the rampers/derampers don't get = we are in the midst of an ENERGY & REFINING PLASTCICS MANUFACTURING REVOLUTION like it or not more CHANGE will happen in the next 3-4 years than in decades, this is good for our Kids future jobs/skills/self sufficiency/ all engineering industries & also National Pride & company fortunes can change here - good thing is ALK & EDR are long standing with great DECC records & have funding they invested and held the faith when this area was no so sexy. GL HTH (So did my mucker Gerwyn - watch out for GW & Global Brands sa story to unfold - not a rec DYOR IMO conjecture only!) 70 days ish to closure - will intensive industry activity no doubt. I 'm personally looking at a company that supplies drilling pipe - anyone!!?

Last point - as ALk sold EDr shale - Ineos has re-affirmed the approach and bought Shale assets leaving the above resources - IN THE MIDDLE OF A TAKEOVER!!! Could Egdon get taken over in the near future especially if it substantially increases it's unconventional resources - only IMHO who knows - looking more +ve I believe despite the protests - Coal is the killer just look at Drax 4GW 24/7 say no more see the acid rain?

Actions always speak louder - Ineos has a different agenda to the market - thank God, it's where Britain used to be leading - I might be wrong but Ratcliffe is a game changer - to quote his Everest sponsorship as a measure “I had sent literally hundreds of letters to potential sponsors but had very little luck,” he said. “But then INEOS stepped in which effectively guaranteed I could do the climb.” INEOS chairman Jim Ratcliffe agreed to meet Rhys to discuss the planned expedition. “I had no idea what to expect when I met him,” said Rhys. “I remember turning up in my beaten up hatchback and wearing a suit. He was wearing jeans and a T-shirt.” The two chatted for an hour. “I got the impression nothing is lost on him and he seemed very engaged the whole time we were talking, which was impressive considering how much was probably going on,” said Rhys. “It was also a sign that he had good people working for him in that he could spend a big chunk of the day talking to me.” The face-to-face meeting resulted in a £30,000 sponsorship deal with INEOS. “It was a game changer,” said Rhys. With the money in his pocket – and an INEOS flag to plant at the summit – Rhys could now concentrate on the journey that lay ahead. The measure of the man - the end. GL

Ken, sorry I rushed the Ineos news to you ( I thought you would enjoy it) without really digesting your holiday review. You sound the typical family man I was - now my kids are physically but not mentally adults and I'm waiting for a similar type of break with the Mrs I said we can't leave until ALK interims are out and EDR drilling results, that's my excuse not because its 30% cheaper late Sept!! Glad you had a good break - always thanking you for your time. I will improve from 7.5 - with your help ATB GL

Grangemouth massive Scottish employer & supports so many ancillary business and major refinery/producer - Ratcliffe will turn it around (when other refineries are closing or for sale Murco!)) with great assistance from US shale + very bold investment plans - the Scottish community would recognise this and support expansion Shale exploration plans IMHO . I though Van Browne of Cuadzilla would be leading the charge, held back by middle earth resistance, if Scotland start producing Shale before the rest of the UK and have the double whammy cost advantage of fuel & feed stock - the rest of the UK will change very quickly IMHO, it's unproven tech today, when its economic benefits are felt in your pay! that's when the times are a changing. GN GL

Did call this - see Quote announcement Ineos takes its first step into UK shale exploration, By Anthony Clark Posted 18 August 2014. Ineos has moved into UK shale exploration with the purchase of BG Group’s 51% share of the shale section of a joint Petroleum Exploration and Development Licence (PEDL). The remaining 49% is owned by exploration company Dart Energy. No figures were disclosed. The PEDL 133 licence covers 329 square kilometres of the Midland Valley of Scotland, which includes Ineos’ Grangemouth refining and petrochemical complex and the area around it. Gary Haywood, chief executive of Ineos Upstream, said; “We are very pleased to have agreed the purchase of 51% of the shale section of the PEDL 133 licence. Over the last year Ineos Upstream has been drawing together a team of experts in the sector, including a number of leading shale exploration and development specialists from the US. This expertise gives us the perfect platform to move into onshore exploration. “This is a logical next step for Ineos and we are very excited about it. We are one of very few businesses that can use shale gas as both a fuel and a petrochemical feedstock,” he added. “With our large UK asset base, our existing capabilities in operating oil and gas facilities and our exemplary safety and environmental record, Ineos is well placed to become a major player in the UK onshore gas production sector.” As I said on the ALK bb these guys are the business and once it hits wages it hits votes and the costs advs are so great the competition will be very, very threatened and migrate. HTH GL

Hi Ken in all seriousness, I am indirectly involved in the Petro Chem ind & the story is once you are paid bonuses by Shale prod and feeds you you vote for it, Ratcliffe is brill, once employees see the productivity costs advantages and the competition get frightened of being disadvantaged & fear for their jobs there will be a rapid migration to the subject matter. See Quote Today 'Ineos takes its first step into UK shale exploration. By Anthony Clark Posted 18 August 2014. Ineos has moved into UK shale exploration with the purchase of BG Group’s 51% share of the shale section of a joint Petroleum Exploration and Development Licence (PEDL). The remaining 49% is owned by exploration company Dart Energy. No figures were disclosed. The PEDL 133 licence covers 329 square kilometres of the Midland Valley of Scotland, which includes Ineos’ Grangemouth refining and petrochemical complex and the area around it. Gary Haywood, chief executive of Ineos Upstream, said; “We are very pleased to have agreed the purchase of 51% of the shale section of the PEDL 133 licence. Over the last year Ineos Upstream has been drawing together a team of experts in the sector, including a number of leading shale exploration and development specialists from the US. This expertise gives us the perfect platform to move into onshore exploration. “This is a logical next step for Ineos and we are very excited about it. We are one of very few businesses that can use shale gas as both a fuel and a petrochemical feedstock,” he added. “With our large UK asset base, our existing capabilities in operating oil and gas facilities and our exemplary safety and environmental record, Ineos is well placed to become a major player in the UK onshore gas production sector.” End quote - in my experience these guys don't FXXX AXXXT - and this is exactly what the country needs, he is planning to take on Europe in Chemical manufacture with substantive costs advs and in due course accelerate an energy boom in the process, fact not conjecture. HNY GL HTH Did call this one a while ago.

Thanks Ken - I was in remission - did you have a good stay - cation? I've worked on it - punctuation is my Kryptonite but Numbers are easy. Just think you can't describe the mathematical laws of physics/ nature with language whether English/French/Arabic - they all lack physical reference measurement & can not be adapted in any continuum space - still - being sloppy is no excuse & my fault - I get excited. Best BB in the AIM arena -accepts all faults & warts - Move on ALK Interim - I think I have 9 topics for the 10th Sept What about you? Next 3 months will be a world wind IMHO GL - great to see you back.