RE: push for fraccing also signed, lets hope it helps getting things moving
Gauging Risk On – Renold (LSE: RNO) – Gulf Keystone Petroleum (LSE: GKP) And IGAS Energy (LSE: IGAS) 24th July 2015 [link]
Sunday times Fracking pioneers win early go-aheadJames Lyons Published: 19 July 2015Andrea Leadsom, energy minister: We want to get shale movingAndrea Leadsom, energy minister: We want to get shale moving (Ben Gurr /The Times )A NEW round of onshore oil and gas exploration licences will be granted within weeks after energy secretary Amber Rudd decided to award them in two stages to speed up the development of fracking.The fledgling industry has suffered a series of setbacks, including Lancashire county councils rejection last month of a fracking application by Cuadrilla Resources.The government wants to give renewed impetus to the technology, which it says could generate billions in tax revenues, create thousands of jobs and stoke a new era of cheap domestic energy.It will now grant some licences from the 14th onshore round, which was launched last year, and delay others that require additional environmental checks. The process attracted 95 applications for 295 blocks.ch
From proactive investor For info of all investors. Please see the attached statement from UK Goverment task force.15:47 15 Jul 2015Fracking can be 'safe' in the UK, says govt taskforceAn independent task force, commissioned by the government, has concludedthat fracking can be carried out safely in the United Kingdom."Our conclusion from all the evidence we've seen is clear," said Lord ChrisSmith, who chaired the task force."Only if the drilling is done properly and to the highest standard, and withrigorous regulation and monitoring, can shale gas fracking be done safely forlocal communities and the environment."This apparent endorsement provides scant consolation to shale gas firms stillreeling from contentious planning decisions in Lancashire last month.Lancashire County Council declined applications for two separate frackingprojects near Blackpool, even though its own senior planning officialrecommended one project for approval.Today's report from the Task Force on Shale Gas concluded that there werefour 'essential ingredients' for safe fracking; the full disclosure of chemicalsused in the process, baseline monitoring, strong well integrity, and 'greencompletions'.Crucially, Lord Smith concluded: "The evidence shows that many of theconcerns associated with fracking are the result of poor practice elsewhere inthe world, such as poorly constructed wells.""It is therefore crucial that stringent regulations are established in the UK, asset out in our recommendations, in order to meet these legitimate concerns."UKOOG, the industry group for the onshore UK oil and gas industry, welcomedthe report's findings."The tone of the report is geared towards creating a better understanding ofhazard and risk which I think will be invaluable for those coming to this subjectfor the first time," said Ken Cronin, UKOOG's chief executive."I was particularly pleased to note that the Task Force is satisfied that the risklevels associated with public health hazards are acceptable provided that
Nil Cost options? Reuters Nil cost options which vest in one year ie free shares millions of them unable to sell for 12 months after vesting??? wtk!
Re: Ex Dart holders. Rollthediceagain Rollthediceagain, could you please contact me at [email protected]?
Re: application turned down A very good leader in the Spectator this week indicating that matters of national imperative should not just be decided by the locals. The very narrow margin of the victory for Sirius at Whitby last week showed how a small minority could have done great damage to the regional economy. Massive amounts of public and investor cash are being wasted while the government fiddles. There is a democratic balance to be struck but political fear can let things get out of hand.
Re: application turned down May be they'll target the East Midlands hoping for a nod there, leaving the North East (Bowlands) until after the appeal? INEOS will no doubt be biting their nails too having bought a 50-60% WI of 7 IGAS licenses over there.I was thinking the same re SXX and the North. I bought SXX at 7.8p and sold them Friday gone at 17.11p. If the decision is a NO then I'll be looking to buy back in around 5p-7p and try to catch sub 25p if a YES goes through.I wonder if IGAS will say something to reassure investors such as 'road access's' are not a problem with our license's?
application turned down Ah well - another victory for the blinkered and foolish. Continued high priced imported gas for the less well off to keep warm. Another blow to our economic recovery. More public money wasted when the appeal starts. Tomorrow it is the Sirius Yorks Potash planning decision. Let us hope common sense prevails to prevent the 'Northern Workhouse'.
Re: Ex Dart Energy holders. Help please! I wish I also had sold my Dart shares prior the acquisition. But at that time the money I could get when I waited for the conversion and then sold the IGAS shares, was around 25% higher! Plus I would not have to convert the AUD into Pounds. It all seemed perfectly sensible at the time I had a sollicitor write them some letters and they are offering me a paltry 5 pence per share and that is just not acceptable to me. Adding insult to injury. If they don't better their offer, I'll take things up with the financial ombudsman and transfer my complete portfolio to a different financial provider. I'll make it a personal hobby
Re: Ex Dart Energy holders. Help please! I sold them on the day I wanted to Yeast_is_rising, at the price I was quoted, it was the settlement which took a while. If I had been smarter I would have sold my Dart shares prior to the acquisition going through as that was the peak price period!!I can't see why your bank took so long to convert your Dart shares and expect you to take the market loss for their incompetence. If they didn't allow their customers to hold iGAS they should have informed you of that prior to completion of the acquisition so you could change share services or make arrangements to sell the shares.Hopefully you can get this sorted out with the bank but if they fail to compensate I'd be asking for the complaints and ombudsman procedures to force a compensation settlement.
Re: Ex Dart Energy holders. Help please! Thank you Rollthediceagain, I really appreciate this. Good to hear you were able to sell them (although much later than you would have wanted to). I had to watch them fall from over a pound to the low twenties. And then was forced to sell them for 30, so I was able to prove my damage!Then I couldn't buy them back anymore because my bank didn't allow their clients to buy IGAS. I guess that's their way of saying "thank you" to their clients for bailing them out Thanks again for the info!
Re: Ex Dart Energy holders. Help please! Email from TD Investing at the time... it's a bit gibberish but hopefully it gives you something to work on:-----Dear Mr S...... Thank you for your recent email regarding the sale of shares placed on your account. As you are aware there was a recent scheme of arrangement between Dart Energy and IGAS shares. When the stock was merged you were to receive new shares in Igas and give the shares in Dart Energy to the custodian. when the shares came to us they were placed into the wrong holding depo. When the shares have been sold The stock exchange are requesting the shares that are held in incorrectly, Unfortunately the market would reject the current deposit. When the stock was delivered to us we were giving the stock listed in an incorrect depot therefore we have to be able to deposit the correct stock. For this reason we are awaiting the custodian to settle the trade. I do sincerely apologise for the delay regarding this matter but I unfortunately do not have a definitive completion date. I do sincerely apologise for the delay in the above however I have spoken to our credit team who have authorised for the funds to be invested if you wish to do so. This will need to be done over the phone because until this resolves then the system will continue to show you the wrong personal trading level (PTL) Please just ask the rep that you are speaking to to refer to the notepad on your account. A note has been left here to explain that you can reinvest the shares and that the trades even though done over the telephone will be the same commission rate as the internet dealing price. I will also include a commission free trade with that as a gesture of goodwill. Again the commission will be removed but a telephone trade will be required. I hope that you find this information helpful. If you have any further questions why not visit our online Frequently Asked Questions? If you cannot find the answer to your question there please contact our Customer Service Representatives on 0845 607 6001 between the hours 07:30-210, Monday to Friday or 090 to 150 on Saturday. Yours sincerely Adam DawidCustomer Service Representative ________ Original Message ________From:xxxx@xxxxxSent: 17/11/2014 07:39:28To: [email protected]: Re[2]: Web-based Enquiry <@EC301AFE1-EM3047AD2@> <@EC301AFE1-EM3047FD7@> Please advise what progress has been made on my query.On 10th November you processed sale of my 20k IGAS shares as online system would not allow me to trade.The sale proceeds (£13990.05) correctly show on my account history but shares still show on my portfolio, show as -20000 if I try to trade iGAS, show as pending settlement on Account Summary and is restricting trading balance to less than what should be cleared cash balance.I want to make some share purchases but this administration issue on your side is restricting same.Please resolve this morning. Thanks.Jason S....
Re: Ex Dart Energy holders. Help please! Sorry forgot to quote a couple of relevant dates ~ TD showed conversion of DART>IGAS shares on the 9th October 2014. I sold them on the 10th November.
Re: Ex Dart Energy holders. Help please! Hi Yeast_is_rising I was an ex-Dart holder and on acquisition these were converted by TD Direct Investing but when I tried to trade them online I couldn't do so because of the way they were held. I can't remember the exact reason given but when I rang TD they were able to complete trade immediately but it took longer than usual (a couple of weeks f memory serves me correctly) for settlement monies to actually be available on my account. Price traded was 70p, sp fell off cliff not long after when news of Austin's dodgy share/loan deal gained traction.I will try and post up a copy of the email I got from TD at the time ~ it's on an old computer so bear with me.