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As I said this was over ramped.
I have no doubt it will climb again though with the faithful here
Bijadung,
This is following the same pattern as other Uk E&P.
Imo Igas will scrape a new bottom before any potential post Chrimbo recovery.
17p my gamble price here
Bj now 29p to sell
10p below and £35 Million mcap
Seems theres no bottom at present.
Hows yours
The money atm is on Boris....
A Mogg monent could spoil it anytime
Igas board historically have never produced for shareholders.
The further backward you look, the further forward you can see 17p imo
This has dropped due to usual leaky forthcoming cash raise imo
Interesting Paolo,
Can you imagine having calmed the hornets nest with this moratorium smoke, should the fog lift the new breed of climate protestors will be angry..
Corbyn is a 100% no frac..
Its a dark day here....
It is a pause. We have in the North West 2x City Metro Mayors whom oppose fracking. They have significant powers include spatial planning, housing, transport, policing, waste management and planning.
Corbyn opposes it. Cuadrilla have demobilised the fracking equipment at Pnr.
The acid test is the reinstatement of existing sites at Barton Moss etc.
M.o.s. says Igas and Egdon to tank after this weekend.
Its surely worth a punt at 17p to 20p now. Nothing more though imo
The acid test is the cost of maintaining sites such as Barton Moss, Keeping the interest of the major investors in Camerons area of Dashforgas.
How much dismantling will Cuadrilla do? My guess is Ineos will pick up the ashes in the end. That could be a long wait.
For now its how low will this go? Market cap certain to halve current price to around £25 million at best
Well thats blown a hole in the side.
Bailing out at 33.6p
Tanking as we speak, whats going down
Hi Tegsy
Rizzo said 39p
& I agree
£50 Mill mcap. Holds a legacy star energy portfolio thats all? Total Gdf wont hang around forever
He hears, drumming of fingers???
Not Camerons vision of dash for gas. Must read his memoirs.
Momentum lost here atm.
Will bounce at .25 or fall to a more realistic sub .20p??
Tbf been well supported on here by guys with deep pockets, however short sellers will need to peg back on this one, cant make a market at .30 so whose gonna pump more dosh into this one !
Interesting read re Faults
Fault reactivation has been observed at several locations in almost every British coalfield. The movement of faults during mining subsidence has been known for at least 150 years, but the affects and consequences are not widely appreciated by other geologists, engineers, insurers, builders, lawyers and planners. This has lead to widespread damage to land, houses, roads, railways, engineered structures (bridges, tunnels, dams), utilities (sewers, pipelines, cables).
Yes Prawn
But the facts remain. A bit like climate change deniers.
Kkr wants the control of the conventional assets. The company has a horrendous track record of delivery. Shale bonanza didnt happen.
My theory is a break up here. Thats what I say
Oklahoma ( Nov 2016 ) has overtiok California as the earthquake capital of America (laying aside Alaska’s claim). The U.S. Geological Survey registered 130 quakes over 3.0 magnitude (about where people can feel them) in California last year. Oklahoma logged 888, and Alaska had 1,575. Compare that with 2010, when Oklahoma saw just 41.
The Oklahoma town of Cushing — one of the world’s key oil-storage hubs — was hit by a magnitude-5.0 earthquake, the third quake of 5.0 of higher to hit Oklahoma in 2016 (and coming just a few months after a record 5.8 quake in September).
This would be 1000 more times shaking than the recent 2.9 in Lancs according to data 10x10x10.
Its a concern
Richter Scale
Each level indicates 10x the amount of shaking a f 33x the amount of energy.
Getting on for 15 years of activity in the Uk and this is the first frack. 2.9 tremor at Blackpool not good news
39p anyday
Pretty much agree with ratty myself.
Probably together invested more than you earned this year !
Parked at cluff atm
Edr eog on watch
Ujo just poking the bear. Its gonna tank??
Plenty of scope here to drop to £40 million mcap
Imo
Looks like some churn and potential pattern trading today at close
#MarketManipulation