Member Info for BaysilHope

FYI - Quote Ineos Dev Plans Entrepreneurial thinking... Transforming European business by shipping shale gas from the US - INEOS O&P UK receives infrastructure loan guarantee from UK Government to the value €285m / £230m 17 July 2014 The guarantee allows INEOS to raise the money necessary to build a new terminal to import and store ethane for Grangemouth as North Sea availability declines. The loan guarantee shows support for both the UK petrochemicals sector and for one of the most important infrastructure projects in Scotland. “Without doubt, this is one of the most important infrastructure projects of recent times in Scotland, with implications to be felt right across the UK, not only for employment but also for manufacturing in general,” says Jim Ratcliffe, INEOS Chairman. A contract is now signed with TGE Gas Engineering for the construction at Grangemouth of Europe’s largest ethane storage tank to start. The first order for construction materials is now placed. INEOS Olefins & Polumers UK has today confirmed that it has received notification from Chief Secretary to the Treasury, Rt Hon. Danny Alexander MP that its application for an infrastructure loan guarantee has been successful. This confirmation now allows INEOS to raise the funds necessary to invest in a new terminal import, to store and process ethane from shale gas at its site in Grangemouth, Scotland, as North Sea supplies dwindle. The project protects thousands of jobs in Scotland and across the UK. “Our ability to import US shale gas underpins the future of manufacturing at Grangemouth and across many businesses in Scotland. It is a vital step towards preserving the long term future of the Grangemouth site and those businesses that depend upon its continued presence in Scotland.” INEOS AG has invested more than £300m at its Grangemouth site as part of a long term survival plan necessary for the site to manufacture petrochemicals beyond 2017. The loan guarantee from the UK Government now enables it to raise financing on £230m specifically to cover the import facility and storage tank to be built at the site. Chief Secretary to the Treasury, Rt Hon. Danny Alexander MP said: This is major step forward that ensures the long-term future of petrochemical manufacture at Grangemouth. The ethane tank will be the largest in Europe and is central to the site’s plans to import shale gas from the USA. By 2016 Grangemouth will be a shale gas-based facility, essential if it is to compete in world markets beyond 2017. Ineos have commissioned between 12-15 ships in S Korea to transport Shale!! US to start - UK Next? - . GL - This is happening not conjecture & its unconventional gas..

Conventional Exploration and Appraisal UK – 2014-15 Drilling Prog Quote EDR’ There is significant potential for growth via an active exploration and appraisal drilling programme from Egdon’s exploration portfolio, is c. 290 mmboe.1. Planned operated conventional exploration drilling activity will be focused in Northern England during 2014-15 with exploration wells at Wressle-1 and Burton on the Wolds-1 forming the first phase of Egdon’s planned drilling programme. 2-Further drilling at Laughton, Biscathorpe and North Kelsey would be part of a second phase of drilling, partly contingent upon planning and also limited farm-out deals. These wells will target a further 10.6 mmbls of Net Egdon Best Estimate Prospective Resources. A further non-operated well is planned at Kiln Lane (EDR 25%) in 2014. 3-In April 2013, Egdon was awarded offshore licence P.1929 (EDR 100%) covering blocks 41/18 and 41/19 located adjacent to the North Yorkshire coast. The licence contains one of the earliest undeveloped hydrocarbon discoveries in the North Sea made by Total in 1966. The 41/18-1 (A339/1-2) well tested gas at rates of up to 2.5 million cubic feet of gas per day. Egdon has provisionally named this the "A" Prospect and the initial evaluation indicates the potential for Best Estimate Prospective Resources of 150 billion cubic feet of gas (bcf). Egdon’s plan is to seek consent to drill an exploration/appraisal well from an onshore location to appraise the discovery. Egdon plan to farm-out this well during 2014 with a view to drilling late in early 2015. 3-Egdon also has a number of other conventional prospects that are expected to be targeted in a third phase of UK drilling in late 2015 subject to the results of the first two exploration phases, farm-out, capital allocation and planning permission. Most significantly this may include drilling on one of Egdon’s Wessex Basin licences in Dorset targeting high potential oil prospects following interpretation of recently processed 3D seismic. Other oil prospects include Broughton (EDR 33.33%), Louth (EDR 75%) contiguous with Egdon’s Keddington producing field and gas prospects at North Somercotes (EDR 75%) close to Wingas’ significant Saltfleetby gas field. In the Cleveland Basin the Ralph Cross/Westerdale appraisal well (EDR 40%) would evaluate the same reservoir from which gas was tested at commercial rates in 1966. At 22p this company is mega value excluding unconventional plays & success/expertise with the drill next 6-12 mths fully funded can get NAV to +50p Ex Shale - as per brokers rec. GL DYOR

Alkane is riding this storm of Macro Market -ve & placing dilution after making acquisitions before profits, getting institutional investor support in a maelstrom - as one of the faster small cap energy companies – robust or What and so undervalued. Why? Or Why Not? My Take on it are these points. 1. Vertical Integration CMM/ Nat Gas Nooks free gas after depreciating extraction costs straight to £MW output – no intermediate Gas Mkt to worry about – even so point 2. 2. Reciprocity – exchange trade off – Cheap Gas/ that depresses £MW SP – can be bought in for LESS - & STOR maintains margins for reduced SP £MW/Hr – minimal balanced risk, exposure managed against MM’s views. 3. Volume case> Price – where economies of scale protect against downward SP pressure – in fact the Carron Acquisition actually froze pricing on 25Mk of STOR with a 2025 contract at higher margin & second hand kit all the time being refurbished & put to STOR at mega low operating costs sharing the same nuclear ops base. 4. Flexibility & Adaptability of the generating Fleet – if this was a virus hard to stop it growing. N.O’B ex Speedy Hire Experience - knows everything about ‘Fleet’ logistics. 5. EDR Partnership – a golden nugget that will develop as and when oppos occur. 6. Shale will grow thru EDR & time – we are positioned with 18% of EDR. 7. 14 Th Round Onshore – 2 – 3 years to monetise – no rush. @ 38p – Resource Reserves value will only increase exponentially. 8. Superb Management & JV Partners – ALK will need to keep up with Mark Abbott – so far they are !! 9. MM –ve Sentiment Valuation premise – ‘Aurora *******alis’ – see the Northern lights grow next two years from now – if the price doesn’t acquisition will beckon or take it private!! DYOR HTH GL I needed a Marco view. If I've failed I apologise or come up short. This company has a very strong flexible business model I'm ignoring DBO & eat exchangers solar etc .

Such big a topic ( but holding our SP Back) will really keep it quick - reason to show what a robust cracking business ALK. This is against the demons/backdrop of a Coal Fired Frenzy - 2015 deadline depressing MW price plus the Depressed Gas prices kick the leather out of the UK Gas industry & New Plant. See Centrica ' - Quote - Refocusing investment in UK gas-fired power generation on flexible smaller plant; releasing capital from larger power stations with a book value of around £500 million – STOR Looking ahead to 2015, while the outlook for gas prices is currently benign, there is upward pressure on the market cost of power, including an increase in network charges, and higher costs associated with renewable energy (renewable obligation certificates, feed in tariffs and the carbon price floor). In this context, we have announced today that we intend to focus our UK gas-fired generation strategy on smaller flexible “peaking” plants and we will seek to release capital from the three larger operating power stations in the portfolio. This move follows the completion of a strategic review of our gas-fired power business, which reflected continuing operating losses from the fleet since the beginning of 2013, caused by low spark spreads and resulting low load factors, and the end of free carbon allowances. In addition, the generation market is undergoing significant structural change following the passing of the Energy Act at the end of 2013, with capacity payments due to be introduced from 2018. Bottom line selling 2.3 GW of Base load plant. More to come. GL

Sorry for the slap dash cut & paste, point taken - there's a large amount of data & the post mechanism forces a rapid edit and I fail to check it - typical bean counter word blindness. Thanks for your support. Enjoyed Malcy tip tv - didn't mention Carran acquisition though and what that achieves going forward, EDR's conventional portfolio bodes well for us at two levels - JV partner Nat Gas & shareholder. The news will out as they say. GN GL

Could be announced at Interim 10th Sept Alk - 1st new co-operation with EDR - Nooks Farm - ALK 50% EDR 46% Application to extract underground gas for power generation on land at Three Nooks Farm, Horton, Leek Planning Statement P41396 Planning 5.2.8 The final choice of generating equipment has yet to be decided by the applicant; however it is likely that CAT generators (or similar) will be utilised. The generating set will comprise two internal combustion gas engines, each capable of generating up to a maximum 2MWe (Mega Watts) of electrical power. ALK finals - quote 2013 – Our capital expenditure programme amounted to £12.8m (2012: £6.1m) which incorporates the acquisition of Maltby CMM operations, the opening of Prince of Wales Colliery site, expenditure on other projects including Nooks Farm which are anticipated to be opened in 2014, and the continuing investment in major engine services~ end. EDR their Docs Quote Nooks Farm PEDL141: Egdon 46% Non-operated Operated 1982 gas discovery drilled by Shell (looks like both had £+7m discount on first JV from Shell IMO old news remedial Work On-going operation to abandon existing wells and drill a production well - Egdon carried) Planning consent received for production and electricity generation from the site First revenues anticipated during 2014 Net Egdon Best 2P Reserves of 1 bcf. Could be the first of many that suits both companies. The ALK website no Nooks news - but they must be building fast for 2014, ALK £50m Net Assets has now critical mass to be a JV partner of stature - can now address the fleet's requirement for organic capacity growth.Last point ALK Net Asset will have increased by £22m in 2014 more than in the last 5 years from £15m 2008 to £33m 2013 - giving it the strength to bring now older acquired oppos like Nooks Greenpark undeveloped & increase generating capacity substantially & consistently. HTH DYOR GL - & Still the 14th Rd giving the next 5-7 years pipeline a steep upward gradient. Add demand increases & price happy New Year.

New Planning to adapt Shirebrook from Dwindling CMM (Change of Use) was 9MW base load from early 2000's to an adapted energy mix - slower burn CMM base load still operating with STOR Nat Gas for the balance - the Shirebrook will have increased generating output plus has a modest solar config; See Extract -ShireBrook was (9MW base line CMM reserves failing – New Plan) Description of Works: Proposed installation of a single containerised gas engine producing electricity using coal mine methane (CMM) and the change of use of the existing CMM fuelled generator engines to stand-by back-up power / power response electricity generation fuelled by natural gas and, to use the site for such purposes, until 4 May 2029. The proposal is to continue to extract Coal Mine Methane (CMM) gas from the disused coal mine workings of the former Shirebrook Colliery and use it as an alternative energy source for the generation of electricity, and so reduce the requirement for oil and coal. By running only one engine on mine gas, the remaining gas, within the coal left in the former mine, can be used for many years to come (unless the gas is stopped by rising minewater). Thus, it is expected that CMM gas extraction and the associated electricity generation operations, will continue on the site until 4 May 2029. The proposed use will include converting the redundant generator engines located within the Electricity Generation Building to provide back-up power or power reserve generation. Those five existing engines, together, have a rated output of 10MW (Mega Watts). CMM extraction and power generation from the new engine is planned to take place 24 hours a day for 7 days a week. The proposed back-up power facility will typically operate for up to 800 hours a year, between the hours of 07:30 in the morning and 20:30 in the evening. - June 14 App. Makes sense with roll out. GL

Today - EDF Energy has shut down four of its UK reactors – a quarter of its total nuclear generating capacity – after discovering a fault in a boiler unit, in a move that highlights the challenges facing Britain’s ageing energy infrastructure. The company said on Monday it had found a defect on a boiler spine at a reactor at its Heysham-1 plant in Lancashire, and shut it down in June. It said it then took the “conservative decision” to halt the second reactor at Heysham-1 and two at its Hartlepool site in the northeast of England which are of a similar design. The units are expected to remain closed for eight weeks. The UK subsidiary of French state-owned utility EDF owns and operates 15 nuclear reactors in Britain with a combined electricity generation capacity of about 8.8m kilowatts – more than 10 per cent of the UK total. As a result of the shutdowns, EDF now expects to generate about 61 terawatt-hours of electricity from its reactors this year, compared with the 63.9 TWh it estimated last month – a 4.5 per cent drop. But National Grid said the closures should not affect the UK’s energy supply. “Demand is low at this time of year, and a lot of wind power is being generated right now,” it said. The UK’s fleet of nuclear plants has become increasingly prone to operational problems as the reactors, many of which were built in the 1980s, approach the end of their service life. Heysham-1 and Hartlepool were both commissioned in 1983 and are due to come out of service in 2019. The UK government has been pursuing plans for a new generation of nuclear plants, but no new reactors are expected to come on line until well into the next decade. EDF Energy intends to build a £16bn power station at Hinkley Point C in Somerset, which will be Britain’s first new nuclear plant in a generation. But the project is on hold pending a decision by Brussels as to whether the investment contract agreed between EDF and the government constitutes legal state aid. Joe Conlan, an analyst at energy consultancy Inenco, said it was not uncommon for four reactors to be offline at the same time, but “for all four to be turned off simultaneously is highly unusual”. He said there would have been a real threat of blackouts if the shutdowns had occurred “during the energy-intensive winter months”. HTH

Current Reshuffle of PEDL's to max economies of scale - Quote Old news now relevant with Cuadzilla & my friend Gerwyn - ' The MPs heard evidence from Gerwyn Williams, chairman of UK Onshore Gas Limited, whose subsidiary company Coastal Oil and Gas hold licences to explore 500,000 acres across south Wales and some areas in Somerset and Kent. Rather than extracting, his company is currently focusing on exploring for shale gas and coal bed methane, and Mr Williams said the results of initial tests were encouraging. "There is an enormous amount of gas in south Wales and I've spent my life in the mining industry - 22 years for British Coal and then in private mines, and they've virtually all gone," he said. "But the energy source is still there and in my view we should be exploiting it." 'Foremost geologists & Cuadrilla' Quote 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. The company attracted headlines in the summer when protestors targeted a test oil drilling site in West Sussex. Mr Lawton said that his firm did not currently hold any licences to explore for gas in Wales, but that could change in the future. "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. I've not given up on Deal 3. Cuadzilla Agreeing with Gerwyn Williams =Centrica anyone get it. GN HTH DYOR Dead Welsh PEDLS this share should be North soon, as Wooly said follow the money - all I'm saying is where & why - it's going to. Sharp intake breath - Eden.

Prev post - IMO Mkt Cap GDR £776k? house value to start , & talking about energy policy UK wide !!?? But GW UK Onshore + 30% owner of GBR SA - does have access to +500k acres of PEDL some 50% with Eden others with Centrica support - if ALK/EDR take on the Eden 50% CMM & CBM then farm ins etc for the remainder on a burn rate DECC are happy with. Got a Centrica Welsh PEDL report 2010 needs next few days before opinion - I see PEDL's - but more importantly those lost & those with huge future Exploration obligations - S. King stuff.

GBR sa Aim linked to UK Onshore GAs, UK Methane, Coastal Oil & Gas & others trick is how do you bring it to market - ask David Lenigas maybe - . GN private owned by GW Next week is drilling week for all. Can't wait. GN HTH GL DYOR Only guessing

Start -GBR SA - susp Feb 14, UK Onshore Gas G. Williams - to Float on AIM 24th March Shale, Eden Energy merger deal 24th March with UK Onshore Gas deadline 1st May extended 9th May reverse takeover - ALK/EDR announce share deal Shale 10th May ALK £9m profit EDR Cash Placing- Eden extend UKOG period, 30th June 2014 DECC 13 Rd lease expires - Eden forfeiture 4-5 PEDL's - ALK acq'n boost 21st July ALK Complete boost earnings to FUND ACERAGE - EDR 21st July EDR Wressle drilling 21st TD 38 days late Aug - 14th Rd bid start 28th July meet the Head - 23rd July GBR trading again after failure with UK Onshore - no appetite IMO only Guess - GBR investment policy - The Board notes the UK government's policy for self sufficiency in energy and that it is looking increasingly to shale gas to displace imported gas. The Board is firmly of the view that tremendous opportunities exist in this area and consequently intends focusing the bulk of its investing activities in on-shore UK oil and gas opportunities. Target investments will include a variety of investing and acquisition activities in private companies which hold interests in petroleum exploration development licences ("PEDLS"). The Company will seek to co-invest with such companies in exchange for an economic interest. As noted above, such co-investments include the provision of financing by way of farm-ins, earn-ins, loans, equity and other forms of financing and investments. As it is highly likely that UK gas prices will reduce if large scale onshore gas production is successful, the Company will also consider investments in associated infrastructure that may include electrical generation from gas. Electricity prices are expected to rise due to a shortage of generating capacity in the UK caused by high emission stations closing in 2015. As new nuclear stations will take time to bring online, a viable short term solution would be modular gas fired generating stations that can be built quickly. Investments in such infrastructure will support the investment strategy as, in the face of falling gas prices, onshore producers are likely to be in a competitive position imports and offshore gas producers. The Board expects that such investments might typically represent in excess of 80% of the Company's portfolio at times and in certain circumstances may be represented by a single investment. The Board recognises the inherent risks of such investments but believes that these offer Shareholders significant upside potential. - HTH DYOR Very Alk & EDR approach from GBR respect with the industry & Centrica ONLY MY Opinion - wild guess but you have 2 willing sellers lacking finance & 2 willing buyers with expertise & funding. This is a slow share - waiting for kick off Guess.

Power of Joint biding reduces financial burden of PEDL's of obligations/ interest - Wild Guess IMHO as only an example PEDL 100/148 & 149 all with Shale & CMM so both companies could theoretically bid in a co-ordinated efficient manner ALK top 400m CMM & EDR below Shale - and reduce both mutual operating costs - true demonstration of Partnership. Also applies to new acreage - DECC will like the approach - I think IMO DYOR GL.

Cuadzilla - biggest problem is introducing USA Execs to UK postcodes, acreage?? & PEDL references?? Where's Wales - min req't 1m acres - No.2 IGAS/ Dart - Acq must finish before 28th Oct to finalise their bid 14TH , No 3 ALK & EDR IF they are to acquire someone substantial with PEDL acreage & resources - must do it NOW to get the Acreage adjustment factored in and timeline for DECC acceptance - before close of play to be added to their FRESH Bid for new & consolidated land. Seems to me - IMHO DYOR - ALK/EDR Deal NO. 3 for ALK will possibly move - next 10 -14 days, allows Oct end deadline to re-configure & forfeiture issues to be resolved. HYH ATB Only a guess - could be wildly off course - see next post first - The Coincidence Principle.

Quote Ineos Shale Drive - Ratcliffe is a game changer - either do it or we will Quote on historical PEDL exploration progress - I've blabbed on about - Quote Ineos Director Tom Crotty criticised the efforts of existing drilling companies hoping to exploit shale gas in the UK. He said that those companies “have not done a good job selling it. You have a situation here which has developed accidentally. The companies that hold licences tend to be small and under-capitalised. They think ‘we need big guys to come and buy us out’.” End quote IMHO there will be no repeat of Land banking but huge directive to explore supported by the immediate requirement for appropriate funding from the outset and Plan & Permit assistance from DECC guidance - for 'Exploration first. HTH - Creates interesting times.

This share is for the patient - I think ALK/EDR will max the opportunity of this one off PEDL bonanza 14th RD (New Land & Expired Dead leases) this will never happen again no land left - we are very lucky to be in the Re- Birth of British Energy and in the next 4-5 months will have huge acreage & resources being negotiated as we speak. To quote some SP inspiration in these dark days of MM abuse - William Blake - I will not cease from Mental Fight, Nor shall my Sword sleep in my hand: Till we have built Jerusalem, In England's green & pleasant Land Or Coal Mine Methane. GN Keep up the fight Ken I don't understand twitter. HTH GL DYOR

Eden energy struggling holding back UK exploration Quote ''' Eden energy quote results The UK Gas Project Sale Assets The sale assets comprise Eden’s 50% joint venture interests in 13 Petroleum and Development Licences (PEDLs) in England and South Wales (“Eden’s UK Licence Interests”). Previously the estimated in ground gas resources for 17 PEDLs were reported to the ASX on 30 May 2011. During the quarter four of these PEDLs (one in South Wales and the other three in Bristol/Somerset and Kent) have been surrendered due to both environmental and social reasons and the likelihood that the terms of these four licences would not be extended buy DECC at 30 June 2014, the expiry date of the first term of each of these licences Adamo Energy (UK) Ltd Relinquishment Report PEDL 221 and PEDL 223 October Relinquishment Report PEDL 221 and PEDL 223 1 Licences PEDL 221 – Block ST09 PEDL 223 – Block ST19b PEDL 221 and PEDL 223 were both awarded to Centrica Resources Ltd (“Centrica”) on 29 September 2008, effective from 1 July 2008. The initial terms of each expires on 30 June 2014. PEDL 221 and PEDL 223 were both acquired by Adamo Energy (UK) Ltd (“Adamo”) on 2 September 2011. Work Commitments PEDL 221 The licensee was required to obtain 37km of 2D seismic data and drill two wells to a depth of 800m.This work has not been undertaken. PEDL 223 The licensee was required to obtain 37km of 2D seismic data and drill one well to a depth of 800m.This work has not been undertaken. Synopsis Adamo conducted a review of the prospective blab la bala Not drilled Ideal fro ALK/EDR DYOR HTH GL GN

Quick point Inv Chronicle - But Rec Alkane states forecast £4.2m 2014 & £5.9m forecast 2015 Net Assets etc etc - They have not taken the exceptional profits of +£8m for shale sale (No Tax so NAV uplift)- this half year profits plus the pacing issue +£8m so ALK Net assets are nearly £50m - gearing reduced . 2015 profit forecast way undercooked +£7.5m, with full year Maltby, Whedale STOR & Carron Acq'n easy plus EDR offerings HTH GL DYOR

THk, great video many things not seen before I understand what you were saying now - I'm registered on the tweet don't know what I'm doing will send you my research on PDF may help, especially after all the hard work you've done - Congrats Baz - I think this is ALK time. Enjoy your hols try some Welsh real Ales My Mate owns Rhymney Brewery next to a heritage site Near Big Pit - This post will keep me in beer for a week - semi promotional he is in our investment club - promotional back!! GL ATB

Just read it very up beat explains trading yesterday, Bear - Full page article very impressed it does mention EDR quote the article ' Sure, the dividend is only nominal, but Alkane is growing fast and its shares offer a cheap, low-risk way to play the likely rise in UK wholesale power prices over the coming years. There's also free long-term upside in UK shale gas exploration through an 18 per cent shareholding in Egdon Resources (EDR), one of the leading UK onshore shale gas players. Buy. MA - end quote - Project Skylark maybe underway - fingers crossed. It is a big BUY rec so happy days. HTH GL ATB