Member Info for Redirons

Beware the Doomsters (General George / Easybrent) - are they really so concerned about us p.i.'s or are they self serving trying to get the sp down? Do your own reasearch folks - don't be scared into selling out by those who don't care a jot about anyone but themselves. They'll move onto another site in time and do the same all over again.

Great post BB12 - yes we're still alive and kicking - viva the believers!!

We live to fight another day - maybe the BoD Accountants are up there to fight it large and aware of what an opportunity they have here. Come on IGas!!

Great insight Rogue - thanks and agree wholeheartedly - I back fracking with my finances because I hope it creates a brand new industry in this great country and a whole host of jobs for people here. Of course I also hope to see a return on my investment but that seems fair reward?

Thanks for your always considered thoughts Rogue (and Macca) - I'm not going anywhere unless I hear any fat singing!! Just hope the UK get back to the days when we were proud to be British and support all things British - as you say, other countries do!!

Wasn't involved on the Xcite debacle but there's part of me that is just hoping that post-Brexit the UK Gov't get into the habit of "Buy British first" - we have to start with this thinking as otherwise this country really will struggle.

Hi EasyB - you can't blame me for trying to find out what the Gov't know, or care about. I don't disagree your comments but would prefer to hear it from the horses mouth.

I further attach the latest email I have sent back, asking more questions to see if there is any chance of a response or at least it ensures SJ's Office are aware of what is going on (as you'd hope they would be): - Hi Simon, Thank you very much for your quick and informative response. Could I trouble you to comment on your views on the current situation at IGas where an aggressive (American) secured Bondholder is squeezing IGas by insisting they do not breach on the bond repayment, giving IGas just a 10 day period of grace to resolve the matter? Are the Government prepared to allow one of the foremost pioneers in fracking in this country to simply fall into the hands of an American Corporate who are purely seeking to advance their own interests? Will the Government step in to assist IGas? Many thanks,

Hi all - as promised I attach the response I got from SJ's Office following my request to him as to the Govt's support for fracking: - Dear Sir/Madam Thank you for your email of 23 October to the Rt Hon Sajid Javid, regarding shale gas development. I am replying on his behalf. I appreciate the very strong interest in this issue and am grateful for the opportunity to provide some clarification. The Written Ministerial Statement made on 16 September 2015, which can be viewed at http://tinyurl.com/pb7f3yj, set out the Government’s view that there is a need to explore and develop our shale gas resources in a safe, sustainable and timely way, and the steps it is taking to support this. The steps we are taking will make the planning system faster and fairer for those affected by new development, recognising that no one benefits from uncertainty caused by delay. There is a clear expectation that local authorities should ensure planning decisions are made within statutory timeframes and we have provided funding to support them in ensuring adequate resource locally to enable timely determination of planning applications for shale gas. We have also made clear that any appeals against refusal of planning permission will be treated as a priority, that the Secretary of State will actively consider calling in shale applications for his own determination, and that Government will identify underperforming local planning authorities that repeatedly fail to determine oil and gas applications within the statutory timeframes. Permitted development rights play an important role in the planning system, providing flexibility and reducing bureaucracy and cost where the development proposed would not give rise to impacts which require an application. The permitted development rights under the 2016 Order, which we consulted on in March and August last year, will allow the drilling of boreholes for the purposes of groundwater monitoring, seismic monitoring, and locating and appraising mines, and connected assembly of structures, to take place as permitted development. These rights will enable relatively limited works and monitoring activities to be done much earlier in the planning process. Most importantly, the baseline monitoring and investigative information obtained will help inform the environmental considerations of any future planning application for petroleum exploration. I hope you will appreciate that I cannot comment on the Department’s ongoing work regarding shale gas development. However I can assure you that Government remains committed to supporting the development of the country’s shale gas resources in a safe and sustainable way. Yours sincerely Simon Heydecker-Dent DCLG Shale team – Planning Infrastructure division Department for Communities and Local Government 2 Quite standard unfortunately but at least you get a response if you send the Form off on the Gov't site. As an aside there are still mo

Thanks JCW - I'm no economist but have been banging the drum that the UK Gov't must surely have to push fracking for future resources rather than the cost of importing it. When the previous Head of Greenpeace says the same to the BBC news then maybe it will sink in!! See our sp is already up (as a result?) The hard part now is what the BoD do - they have to improve their financial liquidity position to "stay in the game" and have the capacity to sell their conventional stock to fund the unconventional fracking. Or will they capitulate to the Yanks? Not many days left to find out what the BoD are made of. I'm going to trust that they've come this far that they will see it through and current buys and sp are giving me some peace of mind - but everyone make up your minds and good luck!!

Lots of "buys" going on today - perhaps someone knows something we don't ? Good luck everyone - all will become clear very soon.

No point carrying on a ****ging match - we are poles apart on opinions and attitude. I am positive and delighted the sp is holding up reasonably well and that this is a sign of better things to come. arsenal58 and Richard have presumably dis-invested and therefore have no need to be on this site - good luck to all in their decisions. I'm not a ramper but just prefer not to tolerate negative posts or anyone telling fellow investors what to do - that is all and I hope all IGas investors make their own decisions after doing their own research and I wish them all well.

Game on - I don't care if Aim isn't regulated as part of the Financial Services - I don't like trolls and I don't like being told what to do, particularly by loser trolls. Not sure where you sit in all this and don't care but nobody should be telling IGas investors what to do - especially if it is self-serving to de-ramp the price! Let's move on as its boring me now.

Thanks Richard but we're better off without your doom mongering (down ramping tactics)? Jog on!

So now we have Richard01132 joining forces with Arsenal58 to tell us all the end is nigh and to sell out. Hmmm......why should we listen to anyone whose opinion comes completely "out of the blue"? Is it because they have our best interests at heart? No Arsenal58 I have not been "burnt" before but mainly because I do my research as well as I can before I invest (as everyone should do). To think I would (or any of us should) take your advice when you clearly have a poor track record is ridiculous. You're both welcome to post your opinions of IGas, but you have no right and indeed it is breaking financial services laws to advise anyone to do anything when you do not know their specific financial circumstances. So jog on to another site the pair of you as I (and I hope others) take our own advice after conducting research. You're not needed here!

Nice post BB - thanks. At least it clarifies that IGas have choices and we'll find out whether they make the right one very shortly. Testing times!!

Who the hell is Arsenal58 to come on this board to tell everyone (including long termers) to sell? For all we know he may be part of the sinister Bondholders team. Frankly, I am certain that the long termers here knew all the risks attached with investing IGas and last week was part of the downside, whilst this morning's announcement to the press (see the RNS) at least shows the BoD are far from capitulating. Yes it may go t..s up but I don't need someone like Arsenal58 trying to make my decisions for me!! I'm in till we either win or lose!!

Yes thanks Rogue - great post for us all. Vernony - I agree your comments about the IGas BoD but the same might be said about this Government if they cannot see what the Americans see as the potential of fracking in the UK and allow the Yanks to slip in and take control (on the cheap) of a Company like IGas - come on Sajid Javid, wake up and support an industry that has every right to blossom as it did in the States - why should the Yanks benefit from this country as well as from its own!!!

Not sure this is bad news - it may be just what is needed to spur the Govt into providing much needed additional support to the Cuadrilla and IGas's in this country. How otherwise can we achieve the resources needed in the UK unless we want to pay through the nose to import it? We know November is a crucial month for IGas but it is now at least out in the open that Cuadrilla are similarly struggling financially. Watch this space!!!

Hahahaha - good on you Macca - Yolo and all that!! Now come on IGas........do us all proud!!