hethersett62
09 Apr 2015
The Neighbours I-gas has many of the Weald licences, inc next door.Symbol Name Cur % Chg Change News 1 UKOG UK Oil & Gas 3.43 209.95% 2.32 2 UK Oil & Gas Investments PLC Significant upgrade of the Horse Hill discovery TIDMUKOG RNS Number : 6742J UK Oil & Gas Investments PLC 09 April 2015 9 April 2015 UK Oil & Gas Investments PLC ("UKOG" or the "Company"
Significant upgrade of the Horse Hill discovery, UK Weald Basin... 2 ALBA Alba Min 1.00 177.78% 0.64 1 Alba Mineral Resources PLC Significant upgrade on Horse Hill discovery TIDMALBA RNS Number : 7000J Alba Mineral Resources PLC 09 April 2015 09 April 2015 Alba Mineral Resources PLC ("Alba" or the "Company" Significant upgrade of the Horse Hill discovery, UK Weald Basin... 3 DOR Doriemus 0.14 72.73% 0.06 1 Doriemus PLC Significant upgrade to the Horse Hill discovery TIDMDOR 9 April 2015 Doriemus plc ("Doriemus" or "the Company" Significant upgrade to the Horse Hill discovery, Weald Basin Doriemus plc (AIM: DOR) is pleased... 4 STG Stellar Res. 0.73 70.59% 0.30 1 Stellar Resources PLC Significant upgrade to the Horse Hill discovery TIDMSTG RNS Number : 6766J Stellar Resources PLC 09 April 2015 9 April 2015 Stellar Resources plc ("Stellar Resources" or "the Company" Significant upgrade to the Horse Hill discovery, Weald Basin... What about the neighbours ?
hethersett62
09 Apr 2015
The Weald Licences: no Question ! [link] I-gas Right next door to all the excitement.
hethersett62
09 Apr 2015
The Weald Licences ??? [link]
Iclaude
28 Mar 2015
News: Gas Crisis next Winter The UK's biggest gas storage facility, Rough, will see its capacity cut by a third by Centrica during the summer, whilst it tries to make repairs to the ageing site.(Daily Mail report 28th March City & Finance). The site is located in an old North Sea gas field, 2 miles under the seabed and 20 miles off the nYorkshire coast. It accounts for 3/4 of UK's entire gas storage.Without it Britain will be more reliant on imports from undersea pipelines from Norway, The Netherlands and Belgium, which are subject to sharp price fluctuations.Testing at the site will reduce its maximum capacity to up to 30% for at least 6 months. Centrica refuses to say whether the site will ever return to full capacity. Gas firms usually buy gas in the summer, when it is cheaper and store it until winter, when they sell it and pocket the difference. 2 years ago Britain came within 6 hours of running out of gas supplies due to a harsh winter. The event caused gas prices to triple in a single morning and calls were made for more storage facilities.Currently the UK has enough storage for 3 weeks compared with 100 days in Germany and France and 6 months in the US. After ministers refused subsidies to build gas stores, Centrica ditched 2 projects worth £1.5bn.
mtnlh
27 Mar 2015
Re: Sinking ship? I am 79% down but I will ride the winds to calmer waters in 3 yrs. Hopefully
alpal
27 Mar 2015
Sinking ship? Per RNS, Robert Keith who owned nearly 4% has substantially reduced his holding. And looks to be selling out.Not a vote of confidence in the future by a big shareholder.
techno stock
14 Mar 2015
Shale gas exploration can be environmentally sound [link]
vicarofdibley
13 Mar 2015
UK oil and gas companies expect to create thousands of jobs over the next two years despite the dramatic slide in oil prices.
hethersett62
10 Mar 2015
RNS. [link] time of the Dart potential float, then potential listing, I said that Ineos might have stepped in and bought it out, this deal has meant that they get most of what they would have wanted and IGas are proved right about buying it themselves last summer when valuations were attractive, leaving them with parts of the portfolio that they now keep. As I suggested a few weeks ago, IGas well and truly come off the subs bench…I will tweak all these numbers when the maps and figures come out. - See more at: [link]
Gramacho
10 Mar 2015
Re: RNS Agree with that rtda, it is an opportunistic farm in by Jim Ratcliffe but then that is one of his trademarks. He has built his career on acquiring undervalued assets. If I ever see him again there will be some banter regarding how he has effectively pinched half of my shareholding!On the plus side I believe INEOS will appraise the Bowland acreage to discover whether it will yield commercial rates with more determination and haste than IGAS could ever achieve. One question mark would be whether INEOS prioritises the Scottish acreage since it clearly believes this could support Grangemouth. Regards,Gramacho
rollthediceagain
10 Mar 2015
Re: RNS I almost raised a glass of celebration for IGAS shareholders until I read this paragraph:"NEOS to fund a two phase carried work programme of up to £138 million of which IGas' share of the gross carry is expected to be approximately £65 million. Upon commencement of commercial production from the Bowland Licences, IGas would be obligated to pay back to INEOS its net share of the carry out of 50% of its net, free cashflow;"Basically IGAS have farmed out for £30m and reduced risk/cost of failure but if there's success the carried work programme is repayable. Not a great deal but perhaps best IGAS could hope for given their precarious finances.
tobytoby
10 Mar 2015
RNS 10 March 2015IGas Energy plc("IGas" or the "Company" or the "Group"UK Shale Farm out Agreement with INEOS Upstream Limited ("INEOS"IGas Energy plc (AIM:IGAS) is pleased to announce it has signed a Farm out and Purchase Agreement ("FOPA" with INEOS. On completion of the transaction, INEOS will acquire an interest in certain licences in the North West and East Midlands and the Group's participating interest in the acreage held under PEDL 133 in Scotland. The consideration for IGas' participating interests comprises £30 million cash payable to IGas on completion and a funded forward work programme of up to £138 million gross, of which IGas' share to be funded fully by INEOS, is expected to amount to approximately £65 million.Highlights:· In the North West, INEOS will acquire a 50% interest in IGas' licences: PEDL, 147, 184, 189, and 190, and a 60% interest in IGas' licences: PEDL 145, 193 and EXL 273 (collectively, the "Bowland Licences";· In the East Midlands, INEOS has the option to acquire 20% in PEDL 012 and 200· In Scotland, INEOS will acquire IGas' entire working interest in the acreage held under PEDL 133 in the Midland Basin and assume operatorship;· At completion INEOS will pay IGas a cash sum of £30 million;· INEOS to fund a two phase carried work programme of up to £138 million of which IGas' share of the gross carry is expected to be approximately £65 million. Upon commencement of commercial production from the Bowland Licences, IGas would be obligated to pay back to INEOS its net share of the carry out of 50% of its net, free cashflow;· At completion, INEOS will become the operator of PEDLs 145, 193 and EXL 273 subject to normal partner approvals;· IGas will have up to $285 million of total spend from third parties across its key shale gas acreage from major partners, including Total E&P UK Limited ("Total", GDF SUEZ E&P UK Limited ("GDF" and INEOS; this will give IGas a significant, funded work programme including 15 wells, flow tests and gas handling stations;· On completion, the cash component of the consideration will further strengthen the Group's balance sheet giving IGas additional financial flexibility and ability to further develop its onshore licence interests. Commenting Andrew Austin, CEO of IGas, said:"We are delighted to announce this farm out with INEOS which underpins the quality, scale and significant potential of our licences, whilst retaining material upside in these key assets. Alongside the commitment from our existing partners, INEOS's commitment of upfront cash and considerable capital investment will help fund us through the next steps of our shale appraisal and production programme.This transaction, together with our existing partnerships with Total and GDF, reinforces the potential and materiality of our portfolio to world class counterparties and strongly positions us as we seek to work together to unlock the potential of our untapped natural gas resources in Britain."Gary Haywood, CEO of INEOS Upstream, says"This is a great opportunity to acquire some first class assets that have the potential to yield significant quantities of gas in the future. INEOS believes that an indigenous Shale gas industry will transform UK manufacturing, and that we can extract the gas safely and responsibly. We are pleased to have agreed this deal with IGas. INEOS's scale, asset position across the UK, US shale gas expertise, and our expertise in managing oil and gas facilities will be a great match with IGas's existing onshore asset base, and significant exploration and production capability."Jefferies acted as Financial Advisor to IGas on the transaction.
SirF
06 Mar 2015
Re: Tro// Just in case anyone hasn't sussed it yet....'arold' ( 500 yds. ) ........ is an internet tro//.Best wishes
ndr242
04 Mar 2015
Re: Browne quits Cuadrilla Also see SP headed south today.
ndr242
04 Mar 2015
Browne quits Cuadrilla Surprised no reaction to this news.As CEO of Cuadrilla and Riverstone Lord Browne (LJB to his mates) tried to influence the shale gas industry in terms of governmental support an an attempt to get planning and other issues sorted out. Take a look at his statements via Riverstone website since 2012.Riverstone owns 40+% of Cuadrilla as does AJ Lucas and yes I know this has nothing directly to do with IGas. But..........LJB has obviously given up trying to resolve these issues from a position of power (and he's still close to the govt) then this has got to be a real disaster, if not the end, for the shale gas industry in the UK. If he can't sort it I don't know who can. He's gone to L1, the Russian company attempting to muscle in to the North Sea.It will also be interesting to see which direction Riverstone go now as they could be rueing the day they took on Cuadrilla and other not-good UK offshore investments.
