Since I posted here lst October price has moved up fromm 55p to 88p which is quite good
A small number of buys seem to move price a fair bit.
However I feel that the share price still has long way to go.
They are drilling two wells in the summer,are profitable and have large number of free carried interests in other wells.
The government has just re- stated their commitment to getting the fracking moving and the country more reliant on our own gas instead of imports.
IGAS has lots of interests in this area and will benefit from this situation.
IGAS share price could easily double in a year, and if either of the two wells being drilled soon come in with the goods, it will be a lot more than double.
I think if you look closer at the figures you will find closer to 20% of the gas used in the UK originates from Russia, as Europe supplies 44% of our Usage and they purchase over a third of that from Russia.
Proof that even the government doesn't believe in the fanciful forecasts made by the fracking industry. 2018 will be the year we finally kill this menace to the environment:
Sorry Omaha man this Tory/ paramilitary DUP government is totally behind this insidious fracking agenda.
Share price moving up now to more sensible level after price drop recently s as stale holders exited after big drop at reorganisation.
Company is now a different beast operating at a profit with 2 or 3 very exciting drill propects in new year plus various other share gas drill prospects where drilling is to occur where they have a carried interest. All in all lots on its a way and a couple of winners will really see the share price motor,should be extremely interesting year ahead.
Wow after holding for so long I am finally getting confidence back here. I think this may be a bottom here with good cash flow, board approvals, government support and consumer demand all positive. I also think gas is cheap. Any price rise and these will motor. BUY
This is not an investment it is a lottery ticket. Recent claim that U.K. doesn't have the level of gas/oil as the USA due to our unique geology is a negative as is the generally negative public perception of fracking. However, if they hit a rich reservoir and people start to see some benefit the shares could rocket. Keep your fingers crossed.
Can they find enough net cash from these early stage developments before they run out of cash or have to sell out to the disadvantage of small share holders? Oil price is not helping with their bread and butter revenue. It feels more like a gamble than an investment.
IGas Energy has been given the go-ahead for two shale gas development projects in Nottinghamshire.
It has been given the right to drill exploratory wells off Springs Road, Mission in Bassetlaw a former Cold War missile launch site and between Barnby Moor and Blyth.
No fracking is included as part of the developments.
Nottinghamshire County Council said the first planning project includes 37 separate conditions and the second includes 52 separate conditions, which have been put in place to minimise the impacts on the environment and local communities.
They were added following public consultations and cover areas such as traffic, noise and ecology.
Some of the requirements under the legal agreements for the shale gas wells include the payment of a bond, which would be used to fund restoration of the site in the event IGas is unable to fulfil restoration requirements set out in the planning permission and lorry drivers adhering to a code of conduct.
Earlier this year, French energy company ENGIE sold its UK shale gas interests to Swiss petrochemicals firm INEOS, with eight of the licences operated by IGas.
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