PasajerodelToro
30 Jun 2020
Re: IGAS Stream Log They've ditched the fracking side of the business & are now focusing on conventional, but they have said they are researching alternative methods of producing natural gas and hydrogen which was mentioned in an RNS. [link]
PasajerodelToro
15 May 2020
Re: IGAS Stream Log No hope for fracking in the UK & they are all drowning in debt. [link]
Ripley94
09 Nov 2019
Placing IGAS… XXXX Looks like i did not log this buy … March 21st 2017. Share Prophets liked it then… but on a list of ones to go bust January 2016 i posted that list July 2018 above he was correct on a few …wonder if he comments this week.
Ripley94
08 Nov 2019
Placing Response to Government Statement on Fracking from Regulatory News | 4th November 2019 07
0 RNS Number : 0638S Igas Energy PLC 04 November 2019 4 November 2019 IGas Energy plc (AIM: IGAS) (“IGas†or “the Companyâ€) Response to Government Statement on Fracking IGas notes that the UK Government has announced a moratorium on fracking in Britain, based on analysis by the Oil and Gas Authority (“OGAâ€), until new evidence is provided. The Company’s existing onshore conventional exploration and production business, which has a 2P NPV10 of US$160 million, is not impacted by the Government announcement and production and operating expenditure remains in line with expectations for the full year. Incremental projects recently announced remain on track. The OGA report has now been published. It is an interim report and IGas will now spend time understanding the detail within the report. As an onshore operator, it is vital that we have, and must continue to have, a good understanding of the potential environmental impacts and any mitigating actions. Each site and basin can have substantially different geology. The OGA Report summary found that susceptibility to seismicity depends strongly on a location’s specific geology with the mere presence of faulting or the parameters of the injection possibly of less importance. We will continue to work closely with the relevant regulators to demonstrate that we can operate safely and environmentally responsibly. We have done this to date in our shale business, and across our existing c.100 conventional sites that have been operating safely onshore UK for many decades. Gas plays a significant role in providing energy to the UK, whether through heating over 80% of peoples’ homes or whether contributing c.50% to electricity generation and we currently import c. 50% of that requirement. The UK Committee on Climate Change (“CCCâ€) in its May 2019 report clearly forecast a very significant UK gas demand out to 2050 and beyond - approximately 70 per cent of 2019 gas demand still existing in 2050 in a net zero scenario. Under the CCC’s recommended pathway to net zero CO2, this gas would be used as both a feedstock for making hydrogen and a backup supply for generating electricity, and they have recommended that we use domestically produced gas. Without new supplies of gas it is expected that we will be importing over 80% of our gas requirements by 2050. As announced, following interpretation of the cores at Springs Road in Nottinghamshire, we know that we have a significant recoverable gas resource in the Gainsborough Trough. Following interpretation of the cores taken across the 500m Shale horizon at Springs Road, we estimate that there is 630 Bcf of gas in place per square mile, and if applied to our entire acreage in the East Midlands, this would equate to 270 Tcf of high quality natural gas. At expected recovery rates, this would equate to satisfying up to 19 years of the UK’s gas demand giving this country both energy security for years to come as well as providing billions of pounds of investment into the East Midlands and the creation of thousands of skilled jobs. Commenting, Stephen Bowler, Chief Executive Officer said: "We have confirmed a world-class resource at our site in North Nottinghamshire and remain committed to working with regulators to demonstrate that we can operate safely and environmentally responsibly as we have done for decades.Each site and basin can have substantially different geology and we continue to analyse and understand the data available to us. The Committee on Climate Change has laid out a path to a zero-carbon future, a path that demonstrates a significant requirement for gas in the long term. We, as a country, need to decide whether we are in control of own our carbon footprint or whether we are reliant on imports. Imports from overseas have a higher carbon footprint, and in some cases, this gas comes from countries with significantly lower environmental and human rights standard. Domestically produced gas would generate skilled jobs and investment into the country whilst upholding some of the highest environmental standards in the world. Given the learnings from the wells that have been drilled recently by the Industry, not least the well drilled in our acreage at Springs Road, we know that UK Shale has the opportunity to contribute meaningfully to the UK’s energy requirements. Our existing onshore conventional exploration and production business, which has a 2P NPV10 of US$160 million, is not impacted by the Government announcement and production and operating expenditure remains in line with expectations for the full year." Response to Government Statement on Fracking from Regulatory News | 4th November 2019 070 RNS Number : 0638S Igas Energy PLC 04 November 2019 4 November 2019 IGas Energy plc (AIM: IGAS) (“IGas†or “the Companyâ€) Response to Government Statement on Fracking IGas notes that the UK Government has announced a moratorium on fracking in Britain, based on analysis by the Oil and Gas Authority (“OGAâ€), until new evidence is provided. The Company’s existing onshore conventional exploration and production business, which has a 2P NPV10 of US$160 million, is not impacted by the Government announcement and production and operating expenditure remains in line with expectations for the full year. Incremental projects recently announced remain on track. The OGA report has now been published. It is an interim report and IGas will now spend time understanding the detail within the report. As an onshore operator, it is vital that we have, and must continue to have, a good understanding of the potential environmental impacts and any mitigating actions. Each site and basin can have substantially different geology. The OGA Report summary found that susceptibility to seismicity depends strongly on a location’s specific geology with the mere presence of faulting or the parameters of the injection possibly of less importance. We will continue to work closely with the relevant regulators to demonstrate that we can operate safely and environmentally responsibly. We have done this to date in our shale business, and across our existing c.100 conventional sites that have been operating safely onshore UK for many decades. Gas plays a significant role in providing energy to the UK, whether through heating over 80% of peoples’ homes or whether contributing c.50% to electricity generation and we currently import c. 50% of that requirement. The UK Committee on Climate Change (“CCCâ€) in its May 2019 report clearly forecast a very significant UK gas demand out to 2050 and beyond - approximately 70 per cent of 2019 gas demand still existing in 2050 in a net zero scenario. Under the CCC’s recommended pathway to net zero CO2, this gas would be used as both a feedstock for making hydrogen and a backup supply for generating electricity, and they have recommended that we use domestically produced gas. Without new supplies of gas it is expected that we will be importing over 80% of our gas requirements by 2050. As announced, following interpretation of the cores at Springs Road in Nottinghamshire, we know that we have a significant recoverable gas resource in the Gainsborough Trough. Following interpretation of the cores taken across the 500m Shale horizon at Springs Road, we estimate that there is 630 Bcf of gas in place per square mile, and if applied to our entire acreage in the East Midlands, this would equate to 270 Tcf of high quality natural gas. At expected recovery rates, this would equate to satisfying up to 19 years of the UK’s gas demand giving this country both energy security for years to come as well as providing billions of pounds of investment into the East Midlands and the creation of thousands of skilled jobs. Commenting, Stephen Bowler, Chief Executive Officer said: "We have confirmed a world-class resource at our site in North Nottinghamshire and remain committed to working with regulators to demonstrate that we can operate safely and environmentally responsibly as we have done for decades.Each site and basin can have substantially different geology and we continue to analyse and understand the data available to us. The Committee on Climate Change has laid out a path to a zero-carbon future, a path that demonstrates a significant requirement for gas in the long term. We, as a country, need to decide whether we are in control of own our carbon footprint or whether we are reliant on imports. Imports from overseas have a higher carbon footprint, and in some cases, this gas comes from countries with significantly lower environmental and human rights standard. Domestically produced gas would generate skilled jobs and investment into the country whilst upholding some of the highest environmental standards in the world. Given the learnings from the wells that have been drilled recently by the Industry, not least the well drilled in our acreage at Springs Road, we know that UK Shale has the opportunity to contribute meaningfully to the UK’s energy requirements. Our existing onshore conventional exploration and production business, which has a 2P NPV10 of US$160 million, is not impacted by the Government announcement and production and operating expenditure remains in line with expectations for the full year."
Ripley94
02 Nov 2019
Placing Fracking (Shale and Coal Bed Methane) Dart Energy. … IGas Energy. … Cuadrilla Resources. … Ineos. … Rathlin Energy. … Third Energy. … Celtique Energie. … Magellan Petroleum. More items…
Ripley94
31 Oct 2019
Placing The Oil Man: SDX Energy, IGas, Ophir by Malcolm Graham-Wood from interactive investor | 2nd February 2018 138 WTI $65.80 +$1.07, Brent $69.65 +76c, Diff -$3.85 -31c, NG $2.86 The monthly numbers for crude oil were good, WTI rose 7.1% and Brent was up by 4.3%, a decent performance under the circumstances. If there had been a blog yesterday it would have noted that poor API inventory stats were not continued in the EIA numbers, which showed a draw of just over a million barrels in line with estimates. Today almost all the news remains positive, the Reuters survey says that looking at OPEC production data for January adhesion remains high at 138% and, of course, the Fed upped their growth targets at this weeks meeting. Brent has expired remaining in positive territory but notice the differential back down at $3.85. I said almost because it seems like the Vampire Squids are doing their best to ruin the party for everybody. Having only just raised their oil price targets (Jan 17th) then Mr Currie suggesting prices were a bit ‘too high’ (Jan 18th), I notice that they have upped their targets again to $75 (3 million) and $80 (year end) in an attempt to catch up with the market. We are all doomed. SDX Energy An update from SDX this morning in which they announce that the KSS-2 development well has spudded in the Sebou Permit onshore Morocco. The duration of the well should be 10-15 days and, if successful, will be connected to local infrastructure. The ONZ-7 well is scheduled to complete today and commence test production early next week. IGas Energy An operational and trading update from IGas this morning and two things are different from recent announcements. Firstly, with production of 2,335 barrels per day and guidance of 2,300-2,400 barrels per day IGas’s conventional production is now generating free cash flow and therefore all the shale is effectively upside. Secondly, there are actual signs of activity with the drill bit in North Nottinghamshire, as they are planning to go ahead and drill Springs Road mid year and then Tucker Lane. The company, as with other onshore players, have had trouble with local council planning committees, in their case at Ellesmere Port which I thought was nailed on, but I am sure that another winter of electricity supply uncertainty might prod the most Luddite of councils. Despite these upsets I’m still confident that IGas which still has a huge carried work programme and highly competitive costs is in a strong position in the industry. Ophir Energy When I last wrote about Ophir on 17th January after their trading update, I was, for the first time in a long time, starting to become more positive about the company and its short term prospects, it appears that the market did not share my optimism. With no recent announcement about funding for Fortuna, I can only imagine that it is this what is spooking the market, and that all the good things that I mentioned at that time are peripheral at the moment. Anyway, todays announcement that the company has been awarded a 20% stake in blocks 10 and 12 in the Mexico offshore bid round 2.4 is good news and adds to their existing block 5 in the area. Diversified Gas & Oil Diversified Gas & Oil announced yesterday that they had made two acquisitions totalling $180 million (£126 million) and done an oversubscribed placing raising the same amount, and the same as the market cap, no mean feat in any market. This increases production by 173% and PDP million barrels of oil equivalent by 217%. I have met DGO when they first came to the market, but have failed on recent visit to catch up. By the looks of it the acquisition of US onshore acreage and paying dividends has attracted to UK market, and the 28,000 barrels per day puts them right up there at least in size terms, more when I can meet them. And finally… And what a weekend of sport it is looking like…. The start of the Six Nations rugby is always a magnificent time, and this one should go down to the wire. Tournament favourites appear to be Ireland, but I suspect England will be hard to beat and dark horses must be Scotland after the autumn internationals… Tomorrow its Wales v Scotland and France v Ireland and on Sunday England travel to Rome to play Italy. Football almost becomes irrelevant, but the big game at the weekend is the HubCap Stealers v Spurs, while Burnley host the Noisy Neighbours and the Terriers visit the Theatre of Dreams. The Gooners are all over the shop and host the Toffees, which could be interesting, and Chelski dont play until Monday. If you want some racing at the weekend you have to go to Leopardstown where there is amazing racing and can see Faugheen and Footpad amongst others to give invaluable Cheltenham pointers… The New England Patriots face the Philadelphia Eagles on Sunday night at Super Bowl LII in Minneapolis. These teams have met in a Super Bowl before and the Eagles will be hoping to avenge the loss they suffered in 2005 when Tom Brady led the Patriots to a 24-21 victory. Malcolm Graham-Wood is an independent oil industry expert and freelance contributor, not a direct employee of Interactive Investor. This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. energyoil & gas e and p
Ripley94
15 Oct 2019
Placing IGAS… XXXX low was 49.5p… 6th September pulled up a little after back to 52p today .
Ripley94
05 Oct 2018
Placing IGAS… XXXXX Cuadrilla started first fracking in England i heard on news . I thought it would be positive for this share price and it did gain 3.5 %
Ripley94
28 Sep 2018
Placing IGAS… XXXXX Was reading about the jailed fracking protesters on Wednesday 26 September 2018 and saw that was a Cuadrilla ( private company ) site where they were arrested. igas named by anti fracking site in list of other fracking company’s . Egdon and Angus on same list.
mark1
03 Jul 2018
Placing Are we expecting any news on IGas
Ripley94
01 Jul 2018
Placing IGAS… XXXXX Can not get the Hawk page up on this new look site. Saw IGAS on a list of 11 oil stocks to go bust blogged by Tom Winnifrith January 2016. Thank goodness this one has not. The others . PCI… LGO… XEL… MAGP… IOF… NUOG… NOP… GKP… EVO. as well as HAWK. HAWK the last to join some of the others that proved him right. Although i note Gary Newman claimed they were a buy 29/08/2014.
Ripley94
20 Jun 2018
Placing IGAS… XXXX Thought i had these and i do ( si ) i bought @ 4.48 looks like the equivalent after consolidation was 89.6p
Maverick
22 May 2018
Re: Lots due to happen here Added to this is the cost of oil, gas and electricity all rising dramatically now and forecast to.This is a HOLD and buy less than £1.
coldascheese
18 May 2018
Re: Lots due to happen here Since I posted here lst October price has moved up fromm 55p to 88p which is quite goodA 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.
Marches Dave
22 Apr 2018
Russian influence Here are a couple of interesting links about Russian influence over anti-fracking groups in USA and NATO.[link]
