Member Info for MarktheSpark

Oil Price News report that the U.S. Senate plan to increase sanctions on Russia after the U.S. election hacking scandal. There would be new restrictions on companies that support Russian “energy export pipelines". German and Austrian governments issued a statement saying there was a “new and very negative quality in European-American relations.” and that “Europe’s energy supply is a matter for Europe, not the United States of America.” If Russian gas exports to Europe are curtailed (or even threatened) then not only will gas prices rise but all of Europe could quite quickly reconsider their opposition to shale gas, More generally it will be interesting to see how the relations between the U.S. and Germany pan out over the next year or so. Trump accuses Germany of using the artificially low value of their currency to get an unfair trade advantage.

If you look in the Investors section of the IGAS website and search under "Barton Moss" you will find the results.

Sorry Vern my post was meant to be a sarcastic response to the "Igas is finished" post just before it. I obviously didn't make that clear- my fault. I don't think Igas is finished, it's probably just at the starting line. Igas is a company of two parts, it has conventional assets which at current oil prices makes it a small producer which is moderately profitable. These assets like all oil facilities are a declining asset as reserves reduce so they need to do work on maintaining and expanding the UK wells. They seem to be a pretty nimble outfit and I can't see any reason why they can't do that and maintain that moderate profitability. But, Yes, the big hope is shale and if you are hoping for a big return then that's the reason for investing here. Your gamble is, What is the probability of shale gas making it big onshore in the UK? After years of waiting that question is likely to be answered within the next 6 months as Cuadrilla and Third complete their wells. My bit of sarcasm was, yes of course there will be a massive read across from Third and Cuadrilla, If they are successful I would expect the IGAS SP to rise 25% or more on the day.

Cuadrilla and Third Energy are just about to drill the first commercial shale gas wells in the UK. So of course IGAS is completely finished, there will be no read across from these developments to the IGAS SP. Whatever you do, do not risk making money on Igas. Do not pass GO. Do not collect £200.

So if the reorganisation of your shares results in an odd 199 old shares being left over then these will be sold and the money (abou to£8) given to the company, very generous of them to award themselves this gift after I've lost close to £25K on Igas over the years. Disgraceful action towards the small shareholders - the very least they could have done was give the money to charity.

So if the reorganisation of your shares results in an odd 199 old shares being left over then these will be sold and the money (abou to£8) given to the company, very generous of them to award themselves this gift after I've lost close to £25K on Igas over the years. Disgraceful action towards the small shareholders - the very least they could have done was give the money to charity.

Dates to look forward to.... December 25th is worth putting in your diary. or April 1st.....National Fracker's Day.

Platts suggest FBI Director Comey's comments about Russia being behind hacks in last year's US presidential election could motivate the Senate to approve new sanctions on Russia's energy sector as early as next week. Seems to me that this possibility combined with concerns about Qatar could cause "risk on" price rises in POO next week especially if we see run downs in API and EIA crude stock figures.

I. think that comes under the category of fake news. The linked document actually says the DUP are climate change sceptics and have supported fracking, in particular the government move to reward local communities where exploration takes place.

It is reported that two LNG carriers Al Mafyar and Zarga set off for the UK about June 5th from Qatar presumably planning to go via the Canal but have mysteriously gone AWOL possibly to avoid Egyptian territory. Let's hope this doesn't flare up, so to speak.

Varying opinions in the media regarding the Qatar crisis...On the one hand some reporters are suggesting the embargo by neighbouring nations will have little effect on LNG or oil exports; on the other hand the German foreign minister, has said "There is a danger that this dispute could lead to war," , he cited what he called a "dramatic" harshness in relations between allied and neighbouring countries in the Arab Gulf. Watch this space.

And my fundamental principles in supporting fracking are..(with apologies to Monty Python).... 1. Make a few bob. 2. Sod the environment, the crematorium is the only global warming I need to worry about. 3. Sod the terrorist supporting Arabs. Your gas bill pays their wages.- I'm old enough to remember their anthem, "Stand 10 yards behind your man" 4. Keep my grandchildren warm in Winter when the wind doesn't blow and the sun doesn't shine. 5. Stop the industrialisation of the landscape with hideous wind turbines and solar panels. 6. Keep the central heating running. 7. Make a few bob. 8. There is no point eight. Cheers all - support your local fracker.

The BBC report that a number of Arab countries including Saudi Arabia and Egypt have cut diplomatic ties with World Cup hosts Qatar, accusing it of backing militant groups including IS. This comes amid heightened tensions between some Gulf countries and Iran. The Saudis accuse Qatar of collaborating with "Iranian-backed terrorist groups". Any escalation of geopolitical tension represents a potential risk to oil supplies as this diplomatic move may embolden Trump who wants a pretext to reimpose sanctions on Iran, which would threaten around 4mbd of worldwide crude supplies.

The BBC report that a number of Arab countries including Saudi Arabia and Egypt have cut diplomatic ties with Qatar, accusing it of backing militant groups including IS. This comes amid heightened tensions between someGulf countries and Iran. The Saudis accuse Qatar of collaborating with "Iranian-backed terrorist groups". The UK currently gets 15% of its gas supply from Qatar in the form of LNG. So any escalation of geopolitical tension represents a potential risk to winter gas supplies and this diplomatic move may also embolden Trump who wants a pretext to reimpose sanctions on Iran, which would threaten around 4mbd of worldwide crude supplies.

The BBC report that a number of Arab countries including Saudi Arabia and Egypt have cut diplomatic ties with Qatar, accusing it of backing militant groups including IS. This comes amid heightened tensions between some Gulf countries and Iran. The Saudis accuse Qatar of collaborating with "Iranian-backed terrorist groups". The UK currently gets 15% of its gas supply from Qatar in the form of LNG. So any escalation of geopolitical tension represents a potential risk to winter gas supplies and this diplomatic move may also embolden Trump who wants a pretext to reimpose sanctions on Iran, which would threaten around 4mbd of worldwide crude supplies.

Drill or Drop report that the first drilling rig is on site at Cuadrilla's operation. It is a preparatory rig which installs the wide diameter protective outer casing of the first stage of the drill. After this work has been completed a larger rig moves in to complete the major part of the drill. Photos of the new rig give an idea of it's insignificant size compared to pylons in the background

Drill or Drop report that the first drilling rig is on site at Cuadrilla's operation. It is a preparatory rig which installs the wide diameter protective outer casing of the first stage of the drill. After this work has been completed a larger rig moves in to complete the major part of the drill. Photos of the new rig give an idea of it's insignificant size compared to pylons in the background.

API stats tonight show a bigger crude draw than expected, 8 million barrels, which should be reinforced tomorrow by the EIA figures. This, together with news that the Saudis announced they will be targetting reduced exports to the U.S. in the next few months, adds up to the potential for a genuine Brent price climb up to $55 at least. Very interesting article on Oil Price News suggesting OPEC members shot themselves in the foot by upping production last year in anticipation of the first OPEC agreement, meaning the world was awash with reserves when the cuts were made so there was little price increase. Now those reserves are at least partially used up the 9 month supply cut extension should have a more genuine effect.

It's worth remembering IGAS's bread and butter so to speak is conventional oil. API stats tonight show a bigger crude draw than expected, 8 million barrels, which should be reinforced tomorrow by the EIA figures. This, together with news that the Saudis announced they will be targetting reduced exports to the U.S. in the next few months, adds up to the potential for a genuine Brent price climb up to $55 at least. Very interesting article on Oil Price News suggesting OPEC members shot themselves in the foot by upping production last year in anticipation of the first OPEC agreement, meaning the world was awash with reserves when the cuts were made so there was little price increase. Now those reserves are at least partially used up the 9 month supply cut extension should have a more genuine effect.

No I haven't, please enlighten, I guess you want to.