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I think this refers to igas, 93tcf
"Right below our feet is the largest energy bonanza this country has ever discovered, bigger than coal and bigger than the North Sea.'
Fracking involves injecting a mixture of water, sand and chemicals at high pressure into boreholes a mile underground to fracture the rock and release gas or oil.
Order book looking very nice, should breakout
Government desperate for gas solutions no doubt they will do whatever it takes to assist igas
o Potential to deliver 5 production well pads, with each pad having up to 16 wells, which would supply 3 million homes with initial production within 12-18 months with the right Government support to rapidly accelerate the development of this strategic national resource.
Very nice
https://www.barchart.com/stocks/quotes/IGAS.LN/overview
Thanks to subsea
https://www.dailymail.co.uk/news/article-11147407/Liz-Truss-pledges-overturn-ban-fracking-bid-end-UK-reliance-foreign-energy-imports.html
If JPMorgan buying it can't be a idea!
I just added few more, they do have over 15billion mmboe!
https://www.reuters.com/business/energy/oil-prices-rise-possible-opec-supply-cuts-2022-08-25/
The more I read its like a dream share!
"There is massive upside in the “long-life field”. Slide 8 (above) shows that every 1% improvement in recovery from Oil initially in place of 3 billion barrels results in 30 million barrels gross of reserves.
Does anyone know if these shares can be bought on cfd accounts?
"production Block 3/05, to put it mildly a monster producer with a lot more to produce! It had 3 billion barrels of oil initially in place with only 43% of that produced thus far.