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Rizo, do us a favour mate, try posting some useful constructive objective information like the rest of us instead of continuously regurgitating your same old pathetic mantras which we have all heard a million times before and which have absolutely no influence on our investment decisions.
You are clearly in the wrong forum and motivated by different objectives to the rest of us and are just wasting your breath, we all know your views and your arguments and you never tell us anything new or anything that we aren't already aware of, silly boy!
So, while it's fine to import huge amounts of Shale gas and its by-products from the US, Norway, Qatar and Russia and hence be hostage to other countries in terms of both supply and cost it's not OK to protect ourselves and produce our own supply based on a small increase in traffic on a few minor roads?
So in summary the energy needs of the whole of the United Kingdom plus the prospect of increased job creation and reduced costs are being thwarted and compromised by an argument that there will be a relatively small increase in traffic over an area of a couple of square miles local to the well site, There's your Folly!
Sooner or later politicians and the wider public will become aware that scientific evidence clearly shows that contrary to activist propaganda fracking will NOT contaminate water supplies and will NOT induce significant earth tremors outside of what occurs naturally on a daily basis. Once the arguments put forward by Professor Mackay who was an acclaimed physicist at the University of Cambridge and served as chief scientific adviser to the Department of Energy & Climate Change from 2009 to 2014 as outlined in the links below are understood by a wider population then the tide will turn. All IMHO, GLA
https://www.theguardian.com/environment/2016/may/03/idea-of-renewables-powering-uk-is-an-appalling-delusion-david-mackay
http://www.marklynas.org/2016/04/david-mackay-last-interview-tribute/
Paolo111 thanks for those factual evidence based observations. Those are the arguments that the general public should be made aware of but are rarely promoted in the media which seems to prefer to concentrate on the deluded ramblings of activists.
Professor Mackay clearly demonstrates that renewables haven't got a cat in hells chance of supplying the UK's energy needs and that instead we should be concentrating on Nuclear and Carbon capture storage when burning fossil fuels. His arguments are backed up by evidence, data and a rational approach to the UK's energy requirements relative to its geography and climate.
So the question now is should we believe Professor Mackay who was an acclaimed physicist at the University of Cambridge and served as chief scientific adviser to the Department of Energy & Climate Change from 2009 to 2014 or should we believe Rizo and Auntie Frack? Duuuurrrr! GLA
Rizo, in answer to your question 'Htf does anyone see short mid term profits in Shale that a Government cannot back properly.....'.
The link posted by Hani1 clearly shows that a group of 49 scientists see massive potential for Shale and are urging ministers to urgently review the tremor limit which is described as comparable to bouncing a football.
Furthermore the article goes on to state that the shale gas industry could potentially create 64,000 jobs and a £33 billion supply chain in the UK. Can you not see that is a massive incentive for ANY future Government to support?
As for Jim Ratcliffe, do you not think that if it were a viable option he would prefer to produce Shale gas in the UK (where there clearly is a demand) and save the cost of shipping it across in his 8 bloody big boats? He has pretty much indicated that this is his preferred option in recent statements he has put out! Clearly he sees potential for profits with Shale but then perhaps you are cleverer than him?
The Sun article is going to reach a very large population of readers who might be swayed by arguments backed up by scientific data and industry experts. Sooner or later the scientific data and the needs of the nation will reach the wider population and overcome the hype put out by activists.
Post Brexit whatever the outcome once we are out of the EU anything that makes us less reliant on imports is going to look a whole lot more attractive to any future Government as we are forced to become more self-reliant. Sooner or later the tide is going to turn and we could be fast approaching the tipping point. All IMHO.
As usual you are looking backward over your shoulder and can't disguise your bitterness. Get over it boy!
Rizo, clearly you didn't understand 2 simple questions and didn't answer either of them, so what does this tell us about your powers to forecast the future? (Probably nothing we don't already know)
Rizo, you've been banging on about your 39p for so long now that we've all heard it a million times therefore why keep on about it for any other reason than to massage your own ego?
So, let's call you out and see how clever you really are! Should the SP get down to your 39p and you put your hand in your pocket and really do put your money where your mouth is by finally investing as you have told us countless times that you will. Assuming that at this point you aren't the idiot 'WE' think you are (a concept hard to imagine) and assuming you really are as clever as 'YOU' think you are (another concept hard to imagine) and will be investing in order to make a profit, exactly how much do you forecast the SP to rise after you have finally invested? Please impart your wondrous knowledge that we might all benefit from your wisdom?
Also, while you're at it could you please consult your crystal ball and tell is if their are any other future developments in the offing relating to Igas you can forecast which might benefit investors in the long term. You only need to tell us once as we are bright enough to understand so no need to bang on every day.
I'm sure we are all waiting with baited breath to hear your answers to these 2 questions which I have no doubt you can supply with ease based upon your undoubted self prophesied genius!
Anybody who bases their opinions on biased 2 minute spun 'sound bite' statements delivered by TV news channels clearly can't be trusted. Furthermore, the statement put out by Ineos Jim Ratcliffe on the current rules being unworkable is clearly aimed at forcing a change in the rules and 'forcing' politicians to 'get real' with respect to the nations energy needs.
For those who advocate a complete ban on fracking in the UK are you also going to ban the import of fracked products at the same time and hence destroy all the associated benefits (benefits being something you probably know a lot about) to industries and jobs associated with those products across this country or are you in fact what most of us know you to be, deluded ?
Investors here have a different agenda to activists, investors are here to make money pure and simple and therefore research the bigger picture most of them couldn't give 2 sh*ts either way with respect to the arguments put forward by activists because they are already aware of them. Activists on the other hand are blinkered and they will never acknowledge any positive arguments hence their views are wasted in a forum such as this.
It ain't over until the fat lady sings and I don't hear any singing!
Paolo111
I bow to your superior knowledge on all things painting & decorating, lol
Thank you for identifying the importance to the chemical industry of the huge importance of shale gas by-products, a fact which also applies to numerous other industries across the nation.
It's not used for painting and decorating either but that doesn't alter the main argument that while Scotland is opposed to fracking on its doorstep it is only too happy to import shale gas from the US to bolster its own diminishing North Sea oil supplies. (My guess is that Andy Burnham and his fellow mayors will be doing the same shortly when demand outstrips supply)
Furthermore, it's worth pointing out that Ineos Dragon ships programme imports LPG as well as Ethane and LPG is used for heating homes.
Any more irrelevant bright comments to divert the main thrust of the argument and provide a chuckle?
Blah blah blah, quite ironic and extremely hypocritical that Scotland has been importing fracked shale gas into Grangemouth from America since 2016 to heat its homes and to keep Scottish manufacturing going while reducing the climatic impact of burning oil.
All this based on the argument that its own ban on fracking will reduce the global climatic impact associated with it. But then what do you expect when you've got 'the wee kranky' running the country. Really clever move to ban fracking and its associated benefits in the UK based upon climatic arguments while at the same time importing huge quantities from elsewhere, just how exactly does that help the planet Mr Rizo duuurrrrr. Sooner or later demand and pragmatic common sense will prevail and the penny will drop!
Well that's this mornings chuckle out of the way, GLA
Bijay
Ignore Rizo, other than providing fodder for a morning chuckle his ramblings are irrelevant to us. He only ever looks backwards and couldn't see an opportunity if it was dangled in front of his nose. He never tells us anything we aren't aware of and obviously is totally unaware of the potential moving forward he clearly is not an investor. Both him and Aunty Frack have a different agenda since they are both activists not investors. Why either of them would believe that serious intelligent investors could be swayed by their naïve attempts to present themselves as being more informed and knowledgeable than serious investors is proof of how deluded they are. We know what we are doing and what the potential risks and rewards are. If they think they can sway us with talk of Mayors remits when there are a million other variables to consider that clearly they are unaware of then it just shows how deluded they are. As for Rizo's 39p I would suggest he has got his numbers back to front and now is a good opportunity for anyone considering an investment. All IMHO. Have a nice day, chill out and ignore the idiots, GLA.
Clearly someone doesn't understand the implications of their own terminology. The word 'remit' is basically a powerless wish list.
As already stated, but we can say it again for clarification, a mayor no matter how influential some might think he is does not have the power to enforce his remit only the government can do that if enough MP's support it therefore it's not going to happen and Greater Manchester is currently open for business and will remain so until MP's decide otherwise.
Caudrilla clearly do not consider Lancashire to have been a disaster as evidenced by their statement on their planned activities for 2019 in the link below.
https://cuadrillaresources.com/media-resources/press-releases/merry-christmas-from-cuadrilla-and-see-you-in-2019/
Oh dear, the Mayor Andy Burnham has REQUESTED this ban but the Mayor has NO legal right to grant it, it’s only the government that can do that and they won’t so this is irrelevant news for Igas especially since IGAS ARE NOT FRACKING.
Can we stick to relevant comments please?
For those suggesting it was all over bar the shouting at Preston New Road see the link below.
https://cuadrillaresources.com/media-resources/press-releases/merry-christmas-from-cuadrilla-and-see-you-in-2019/
Game over:- how naïve can you be? If this argument is to be applied across the board then the country will be shut down in 5 minutes while China et al will continue to pollute the planet and render us uncompetitive and obsolete. Once Brexit is over and the Tories are still in power for a further 2 years at least economics and pragmatic business decisions will lift this SP out of the doldrums imo. GLA true investors.
Nottinghamshire Wildlife Trust produced a survey on Energy Minerals and Environment Impact Assessment in which they state Nottinghamshire has one of the largest inland oilfields in the UK. It goes on to say that the whole County is underlain by the Bowland Shales and during WWII, Nottinghamshire oil kept tank regiments going and fuelled factories. The story of this venture, which was kept secret for many years, involved bringing specialist oil drilling experts over from the united states and can be read in the link below entitled Roughnecks Of Sherwood Forest. By the end of the war, more than 3.5 million barrels of crude had been pumped from England’s “unsinkable tanker” oilfields. The technology we have today is far more advanced than used in the past and IMO it's only a matter of time before this valuable resource is tapped once again.
https://aoghs.org/petroleum-in-war/roughnecks-of-sherwood-forest/
Let's not fool ourselves into thinking the current situation is driven by anything Igas is doing or is anything more than a blip. The whole sector is down probably fuelled more by the political ramifications of Brexit and the associated uncertainty alongside the spat between the USA and the middle east. Once the murky waters have been cleared there is no reason to doubt that the whole sector will recover but we might have to hold until after March for that to materialise. All IMHO, good luck all investors.
Paolo makes some great points, it will be interesting to see how the Trolls respond as the points he has made require a level of intellect, knowledge and foresight they have consistently failed to demonstrate. My guess, based upon their previous comments, is the best we can expect will be a one line bland pointless phrase devoid of any facts or substance. (Probably referencing historical BOD members long since gone, lol)
Just read Rizo's latest ramblings where he talks about simple maths. He is so simple he can't see the flaws in his own sums (duurrrr).
He states that Cuadrilla, Total and GDF have invested half a Billion in fracking at Blackpool. He then goes on to inform us that INEOS have invested 2 Billion in ships to import gas from the US.
By my calculations (based on Rizo's potentially dodgy numbers) if Cuadrilla have invested a third of the half Billion for fracking at Blackpool that is about £167 million. So if Cuadrilla bring home the bacon at Blackpool for 167 Million the 2 Billion spent by Ineos will be money down the drain and the British Government will reap the benefits rather than the US Government. Clearly there is a strong case here for both the British Government and the general population to get behind and support Cuadrilla's efforts in this venture.
For any potential investors this looks like a good risk and for Igas it would be an excellent outcome so I think we should offer Rizo a vote of thanks for clarification on this matter.
Clearly the trolls and jailbirds are incapable of reading and understand the data backed evidence from the world renowned experts on seismicity in the UK (The British Geological Society) and continue to bandy about scaremongering phrases like 'quake zones'. The Roller Coaster at Blackpool is more likely to trigger a significant seismic event than fracking imo.
These knobheads clearly are NOT the environmentalists they claim to be since they appear happy to applaud the prospect of shale gas being imported from the US and are therefore happy to support fracking in a different part of the world and happy to support the economies of foreign countries rather than their own. (******s)
If you look at this bulletin board there are only a handful of participants in these debates and lets face it our opinions will have absolutely zero impact on the future of this company. The future of the company will be defined by events and debates at a much higher intellectual level than any deluded ramblings that activists can post in this forum.
For those of us who ARE investors then we really don't give 2 turds what the activists have to say as we are more likely to concentrate on the FACTS rather than emotional clap trap in order to assess the risk potential of our investments. For me personally Igas is currently performing a whole lot better than some of my other acquisitions and I am well placed to bail out with a profit if there should be a significant downturn which I very much doubt at the moment as the TREND is still positive.