Member Info for Phoebus

And another one. £100K in two buys. Someone's loading up.

Nice chunky buy just under 10p.

Try playing the ball.

Agreed, although this probably covers it for fracking until the BGS report is released in June.

Definitely not a green light IMO. Politicians have to be seen to be doing things and listening to various constituencies. Some people want fracking so the government has to at least go through the motions of considering it. They may decide to give it the go ahead, but equally they may not. The public is clamoring for action to help with the immediate energy crisis and today's statement clearly notes the following.

'It remains the case that fracking in England would take years of exploration and development before commercial quantities of gas could be produced for the market, and would certainly have no effect on prices in the near term.'

I expect them to say yes for more UK offshore, more renewables, more house based energy saving, more LNG imports, more nuclear, but a NO for fracking.

I think they will say no. More UK offshore, more renewables, more house based energy saving, more LNG imports, more nuclear, but a NO for fracking.

'However, unless the latest scientific evidence demonstrates that shale gas extraction is safe, sustainable and of minimal disturbance to those living and working nearby, the pause in England will remain in place.'

Not exactly a ringing endorsement and this has moved a long way.

'However, unless the latest scientific evidence demonstrates that shale gas extraction is safe, sustainable and of minimal disturbance to those living and working nearby, the pause in England will remain in place.'

IGAS looking overcooked IMO.

Completely irrelevant Gary. You need to look at the details, not wishy-washy comparisons.

Completely irrelevant Gary. You need to look at the details, not wishy-washy comparisons.

Looks like a great entry point.

Looks like a great entry point.

I completely disagree SCC. At $5/BOE in the success case, $10M implies that Gazania and 3/4B drills are only 2.0 MMBOE net to WTE. Gazania alone is bigger than that net to WTE and a drill on 3B/4B would be several times that net to WTE. Upside is very significant here for the SA drills alone, never mind anything in Guyana. This is bargain basement with plenty of exciting drilling opportunities to look forward to. GLA

That's 3.6 times the current LSE price. Remarkable.

Establish which market the gas is going to, check the sale price in that location and work from there. My guess is Malaysia.
https://www.globalpetrolprices.com/Malaysia/natural_gas_prices/

The only weakness is the lack of your comprehension.

The only weakness is the lack of your comprehension.

On LSE POLY is currently 40% of its MICEX price whilst POG is 31% of its MICEX price. At the same discount as POLY, POG would be 4.75p.

On LSE POLY is currently 40% of its MICEX price whilst POG is 31% of its MICEX price. At the same discount as POLY, POG would be 4.75p.

In either of your comments StrangeBaconBeef. Filtered.