Member Info for BaysilHope

Last point - said before ALK is a definite plodder correct but has EBITDA That can support & attract new debt & equity for (maybe) acquisitions - EDR has short term committed cash but clipped wings limited to farm I/Equity dilution (pre drill success) - in a TRACY Island Thunderbird World (Viewed as an operating Merger) Thunderbird 3 my favourite - these guys are SG Int Rescue ( ALK & EDR - 3rd UK Shale Play) are about to jointly kick ass IMHO definitely 14th Round etc & Hopefully later JV project pipeline IMD could be 6 months away to be announced - let ALK help monetise EDR Natural Gas & new DECC leg free up ALk gas Planning & permitting - I'm glad I'm in here - Virgil FAB TAG - ATB GL DYOR - Parker ' SP Flat lining - me Lady!

Michael Fallon DECC 24th June 14 - Quote –( this helps EDR & ALK) - ‘Recent events in the Ukraine and Iraq have brought into focus the importance of energy security. Now more than ever we need here in Britain more home-grown energy of all kinds which will also deliver economic benefits. • We will introduce standard rules environmental permits later this year cutting permitting times from 13 weeks to 2- 4 weeks for lower risk activities. • Industry has committed to a community benefit package that will pay £100,000 to communities per hydraulically fractured well site at exploration and 1% of revenue if the site proceeds to production. • Local councils will also benefit by retaining 100% of the business rates they collect from productive shale gas and shale oil developments - doubling the 50% rate retention previously given. That could be worth up to £1.7m a year for a typical 12 well site. In the Autumn Statement 2013, we introduced the most competitive tax regime in Europe for shale gas and shale oil. • Similar issues affect the nascent geothermal sector. • Our new proposals, aim to address this problem by simplifying procedures which are costly, time-consuming and disproportionate for new methods of underground drilling. • There are three elements to the proposal: a right of underground access below 300m for shale and deep geothermal companies, a community payment in return for access and a notification system for the community, • There is cross party consensus on this issue – I welcome confirmation that the Labour Party will not oppose our plans in Parliament. • New licence terms • Unlike conventional oil and gas, shale gas is not concentrated in small high value fields but is likely to be dispersed across large areas with ‘sweet spots’ • Make licences fit for purpose whilst increasing public transparency about fracking. I am removing unnecessary barriers and introducing a new flexibility to licences that allow the retention of greater areas than before.. • These changes will reduce costs to the licensee but they won’t lead to land-banking as plans for meaningful activity will have to be approved. • We will also improve the transparency of information about the fracturing of shale and the flow rates achieved- confidentiality period for this information should be reduced from four years to just six months. • We should be talking about how this is a national and local opportunity to grasp new technology and build energy sources for the future. And we should be talking about how communities will benefit from secure supply, jobs and investment. Amen I am now in EDR also.

Totally agree with earlier posts ALK must drive the change in perception and not be phased like a deer in the headlights waiting for change. Yes analysts pouring all over it with far greater x 100 more insight than me. I just think that no news = in negotiations could IMHO be related to a deal of some kind, probably wishful, but they have the Resources, they have the Opportunities & Desire so not just fairy dust. DECC will reward explorers ALK & EDR are up here 14th Round - land banking now history & forfeiture a reality for 2008 scammers. July trading statement soon & Interim Sept with at least £5-6m profit albeit exceptional - the BOD have the tools to impress please use them. Point of interest EDR board average age 61.5 years Mark Abbott 53 & ALK average 60 years ish NO'B 51 - show your youthfulness boys. Impress us patient shareholders - we need Shock & Awe growth that is. Keep the lights on - mine are slowly going out.

Michael Fallon DECC 24th June 14 - Quote - Alkane & EDR Recent events in the Ukraine and Iraq have brought into focus the importance of energy security. Now more than ever we need here in Britain more home-grown energy of all kinds which will also deliver economic benefits. • We will introduce standard rules environmental permits later this year cutting permitting times from 13 weeks to 2- 4 weeks for lower risk activities. • Industry has committed to a community benefit package that will pay £100,000 to communities per hydraulically fractured well site at exploration and 1% of revenue if the site proceeds to production. • Local councils will also benefit by retaining 100% of the business rates they collect from productive shale gas and shale oil developments - doubling the 50% rate retention previously given. That could be worth up to £1.7m a year for a typical 12 well site. In the Autumn Statement 2013, we introduced the most competitive tax regime in Europe for shale gas and shale oil. • Similar issues affect the nascent geothermal sector. • Our new proposals, aim to address this problem by simplifying procedures which are costly, time-consuming and disproportionate for new methods of underground drilling. • There are three elements to the proposal: a right of underground access below 300m for shale and deep geothermal companies, a community payment in return for access and a notification system for the community, • There is cross party consensus on this issue – I welcome confirmation that the Labour Party will not oppose our plans in Parliament. • New licence terms • Unlike conventional oil and gas, shale gas is not concentrated in small high value fields but is likely to be dispersed across large areas with ‘sweet spots’ • Make licences fit for purpose whilst increasing public transparency about fracking. I am removing unnecessary barriers and introducing a new flexibility to licences that allow the retention of greater areas than before.. • These changes will reduce costs to the licensee but they won’t lead to land-banking as plans for meaningful activity will have to be approved. • We will also improve the transparency of information about the fracturing of shale and the flow rates achieved- confidentiality period for this information should be reduced from four years to just six months. • We should be talking about how this is a national and local opportunity to grasp new technology and build energy sources for the future. And we should be talking about how communities will benefit from secure supply, jobs and investment. Amen The Alkane breaks are off!!! Massive for EDR & ALK Planning & permitting Applies to CBM & Geotherm. Part of the ALK transition - hopefully.

Other BB post copied but info very relevant - warming up keep moral positive - FYI Text - Wed 21:39 Diver169 U.K. to Allow Shale-License Holders 127.50 No Opinion U.K. to Allow Shale-License Holders to Retain Bigger Areas http://oilpro.com/links/7503/uk-to-allow-shale-license-holders-to-retain-bigger-areas Does assist massively concessions like this encourage investment ATB Bode well

Learning from my earlier lessons - ALK definitely have been institutional in their investment approach last 15 months - cheap is mega & non coms, Frustrated ambition , perhaps Mark Abbotts growth ambitions with EDR might influence the ALK board thru contact - they are dynamic and we are the largest shareholder so it could be the biggest kick in the ALK Gluts required - if we had their PR machine & go forward approach + 90p's anyone - the potential is undoubtedly there next 2-3 years, not the tortoise PR culture we are now experiencing. ATB GN

Must be soon - EDR DECC consent 10th June - start real business development now - must be early July before ALK trading Update around 9-14th July. Hopefully more news awaits - for the patient. But as the MM's demand monetise - cash - ALK has EBITDA & capacity for the 14thnew acreage plus mop up the 13th round failures with uncon big reserves - & STOR weaklings - still no news. Where's the PR? come - on sell the potential.

Read it again - superb advice Vera - wise Owl Thx I'm just learning. Appreciate the help will take that all in.

Hi Ken saw your post - good news Holmwood court over-ruling the council - must help situations like Calow for ALK & future exp - where initial planning refused for exploratory wells. Good news for EDR with 38.4% interest in it. I'm going to get some EDR to balance a lacklustre ALK. Ta for the info on EDR BB.

You're correct gents - totally agree - its frustrating can't argue any different thanks.

Last Post - Prem Oil have relinquished a Major % of future Shale Profit in all this (from EDR) to see the ALK/EDR JV grow create capacity not an ogre investor - MM smashed ALK for lack of go forward. If a Multi billion majority shareholder is opening the door for growth (JPM%) & ALK then the MMs are just greedy and don't portray the MEGA JOINT opportunities that exist - I love Premier OIL & I know they are on both boards & what faith XXXX is this a message - are we a TEAM YES ! does the stock market think so - NO who will be proved right! . Time will tell ATB GL

Quick word - the Prem Oil dilution this thing is a mega significant issue - has anyone dealt with Succession management isues of a business or Acquisition? - dealing with the MAJOR - shareholder - pacifying rights/ Blockage for gain Greed ego stubbornness translates into lost years lost progression & a failure to grasp opportunities . IN contrast Premier Oil allowed dilution, allowed JPM in Allowed ALK a minnow become largest shareholder WHY BOREDOM OR BELIEF ? PO understand the potential of this alliance so that the only way it works 17% of £300m is better than 26.9% of £20m - this faith can only be expressed through trust of brilliant management stewardship of the assets ALK/EDR have it - why would they allow the capacity - Growth good things will unfold patience is the key GL ATB. Good night - These are very interesting time & I don't want to miss out.

What I don’t understand - the market’s (-ve) response to the EDR deal – there is undoubtedly an energy crunch looming next 2 years 100% verified so MW generating pricing one way up – so why should ALK spend £7m drilling for a product that is not commercially viable for 2 years and lose money get nuked for no profit growth no cash flow no results and a couple of empty wells TRP to note & Protestors news every-day. Instead ALK is the major shareholder in the No. 3 shale operation in the UK and that vehicle can attract investment – note JPM 6.8% in EDR. Makes sense to throw the kitchen sink at capacity & forward sale generating contracts and new acreage 14th Round. The Shale assets sale (Neil O Brien webcast last off - any windfall gain is ring fenced, can’t lose) – so there’s a double bubble for ALK in event of a take-over or strike it lucky. Thirdly DECC want SCALE – next round of 14th Onshore will be prioritised to the big & bold – EDR with ALK together is a stronger package for acreage than separate - will jump up a league. Project pipeline – what ALK lose at Calow, this was low% 2014 project – Three Nooks, Markham Main, Maltby excluding STOR were preferred timeline – Calow failed see Sept 2013 local objections (as Cuadrilla etc Minutes of locals) - Tied with EDR - ALK could treble pipeline projects with access to EDR gas assets and advanced Project Planning (NOB Webcast) as I said in earlier posts. Finally Premier Oil being diluted in EDR is huge – it takes the brakes of EDR growth/ future equity options through JPM – EDR grows so do we!. I understand peoples frustration with the SP and lack of PR by ALK but IHMO slower delivery can lead to far greater potential – division of tasks (Downstream ALK exploration Upstream EDR) makes common sense & beats averaging where we all have a go badly. Taking my point from the EDR LSE page Fri 13:13 BIGAL75 Reply – Whoopee Hello MarktheSpark, RE: RNS the overall holding of Premier Oil PLC has been diluted by the new open offer from 26% to 17.75%. In essence Premier have not brought or sold any shares, more have been issued and therefore their overall holding has been reduced. To finish – What have ALK done wrong - ?? Nothing, they’ve been punished for being patient considered and very methodical, IMO with the correct strategy & having a 2-4 yr clear vision &joint business plan/not rushing in for a fast buck. So I’ll put up will the SP doldrums, grinding my teeth watching DOR going through the roof but sleeping in the knowledge we have a dam good BOD (both companies) running the show & time. IMO DYOR GL – no a day traders share more a pension fund option.

Premier Oil holding as per EDR website - pre Alkane deal was – 26.92% of 220.8m shares = 59.5m – restrictive & dominant for a purpose, well managed. Post ALK - PO holdings have disinvested now per last RNS – 39m shares - sold or allowed (Dilution) 15m shares to JPMorgan + 5m elsewhere (% future gains) and allowing ALK to be major shareholder of future gains and a voice?? (PO doesn’t need the profit on share disposal or cashflow – a notable IMO unselfish strategic development with still a substantial position in UK Shale going forward) ALK/EDR Massively growing acreage on behalf of a IMHO potential US/UK suitor - 14th Round bidding in progress now – both will bid aggressively (VSA brokers) 6-10 licences (+200k acres doubling land oppo) ) plus PEDL acquisitions maybe long shot Eden etc Well try that deal at Man U reducing majors/holding for growth . Are we seeing the first real patient incursion of the MIGHTY US shale Industry toe dipping (EX Cuadrilla with Private Equity Riverstone) - & interested in UK SHALE developments. Maybe some time ahead – long way to go but ALK well in the mix (with existing growing profitable business ) and this EDR UPSIDE NOT reflected in the SP to quote - ALK now a major S/h in 3rd Shale play in the UK & on the board. BODS & NOB deserves more acknowledgement - the MM will know more - so Hello ALK Hello JPM - Top Exposure for an AIM Minnow mega future upside BOD – do you need cash/Eqty! . I need to find long term cash now and patience!. ATB GL HTH

The 43.75p SP seems forever stuck low vol (No ack of the £8m EDR sale & no down -ve for other reasons - Doldrums) but a great benchmark for testing long term shareholders patience and gauging maybe an imaginary acquisition STRIKE PRICE for STOR mega Acquisition IMO Only - Check out UK Power reserve gas fired CHP+ 100MW possible target other Power response - NO diesel back up in the target mix - conflicts with Corporate Green!! - Carron Energy small scale - Leven & Rhymney power 26 & 10mw Gas fired STOR to name a few - bottom line targets out there . Hope for good news before mid July Trading update - so much going on elsewhere - driving me nuts - forget the -ve impact of SME's getting paid to shut the plant off in Power response Nat Grid Civil Service answer (No energy output) - reminds me of Cuba and truck sharing works in a crisis can't deliver in an expanding economy will you attract multi national investment sweat pea!! - turn the power on in a growing economy or we'll fail - Miners strike 1970's. Positive solutions we need - this is the 21st Century of limitless energy/physics & engineering get paid NOT TO USE Electricity Jesus!! Shocking - NO jobs/No engineering paying for policy failure - those SME's should use less energy anyway under good management protocol- double whammy for a thrifty abuser. - just plain embarrassing. ALT HTH GL I'm in long term.

Thanks for the posts - to confirm EDR RNS Friday great news ALK now major shareholder in EDR (with Premier Oil's voluntary dilution - what a coup - there's IMO a triad strategy at work here) in UK top 2 Shale Company - I hope IMO to see a transformation of this new hybrid coalition in future cross boarder dealings. ATB I'm excited & genuinely interested about ALK & EDR progressions from here on in - so is JPM with 15m shares - some mega news hopefully must be due soon - EDR have a bag full of drills to announce next 3 months. Fingers crossed some win wins -GL.

Check RNS New investment JP Morgan invested + 6% into EDR (Egdon - of which we own 40m shares) - only a question of time!! We all need to be patient waiting for acquisition news before the trading update mid July ATB GL. IMHO So much potential proven by deals & future business opportunities yet to unfold & great management all round EDR included. Happy days soon.

Shale Gas FYI for EDR what cheap deal - JV two levels Shale & upper - there to grow with ALK support only a guess again another 2008 straggler not drilling not compliant - opportunity !! FYI only not a recommendation but interesting - RPS, an independent expert, reported the unrisked P90 Resource Volumes of Shale Gas in the Numurian Measures on 7 Petroleum Exploration and Development Licences (PEDLs) in South Wales in which Eden holds a 50% interest (covering a prospective area of 806 square kilometres) are: • Volume of Gas Initially in Place (GIIP) – 34.198 TCF (Eden's share -17.099 TCF) • Recoverable Volume – 12.799 TCF of gas (Eden's share – 6.349 TCF) RISC, an independent expert, reported that the estimated Gross unrisked Prospective Resource of Coal Bed Methane contained in the 17 PEDLs in South Wales, Kent and Bristol Somerset (covering a prospective area of 1068 square kilometres) in which Eden holds an interest are: • A low to high estimate of 1,903-4,990 BCF with a best estimate of 3,088 BCF UK Gas Market • The UK total demand for natural gas in 2009 was equivalent to approximately 3.6 TCF. • The UK is now a net importer of natural gas and the industrial price of natural gas in 2009 was 58% higher in the UK than in US. UK gas assets, which comprise in total joint venture interests in 17 PEDLs and 100% interest in a further 3 PEDLs in South Wales, Kent and Bristol/Somerset covering a total area of more than 2,100 square kilometres (approximately 510,000 acres). In risk of losing their PEDL status – straggler?

Shale Gas FYI Only Post - IMO Only a guess but would suit EDR Mega time RPS, an independent expert, reported the unrisked P90 Resource Volumes of Shale Gas in the Numurian Measures on 7 Petroleum Exploration and Development Licences (PEDLs) in South Wales in which Eden holds a 50% interest (covering a prospective area of 806 square kilometres) are: • Volume of Gas Initially in Place (GIIP) – 34.198 TCF (Eden's share -17.099 TCF) • Recoverable Volume – 12.799 TCF of gas (Eden's share – 6.349 TCF) RISC, an independent expert, reported that the estimated Gross unrisked Prospective Resource of Coal Bed Methane contained in the 17 PEDLs in South Wales, Kent and Bristol Somerset (covering a prospective area of 1068 square kilometres) in which Eden holds an interest are: • A low to high estimate of 1,903-4,990 BCF with a best estimate of 3,088 BCF UK Gas Market • The UK total demand for natural gas in 2009 was equivalent to approximately 3.6 TCF. • The UK is now a net importer of natural gas and the industrial price of natural gas in 2009 was 58% higher in the UK than in US. UK gas assets, which comprise in total joint venture interests in 17 PEDLs and 100% interest in a further 3 PEDLs in South Wales, Kent and Bristol/Somerset covering a total area of more than 2,100 square kilometres (approximately 510,000 acres). In risk of losing their PEDL status – straggler?

Maybe Old News 5/6/14 NY Times BERLIN — In a potential shift in German energy policy, the government of Chancellor Angela Merkel is preparing a framework that would let energy companies extract oil and natural gas by the controversial practice of hydraulic fracturing, or fracking. BASF’s oil and gas subsidiary, Wintershall, used hydraulic fracturing for many years to extract conventional gas but has been prevented from doing so recently because of rules against fracking. BASF and other companies also want the government to authorize shale gas production as a possible tool for lowering energy costs. “It is necessary to find out more about the potential that shale gas actually has in Germany. Today, nobody knows whether shale gas development makes sense,” the company said - BASF has been investing in plants in North America to take advantage of the low gas prices there. – My thoughts USA decades of cheap gas – would BASF relocate to the US !!! Largest Chemical manufacturer in the World?