Shale oil in the UK is more difficult as fractures in the layers makes it much more difficult to produce economically in large quantities . Never mind the greens and the red tape...
Shale in the UK might be up against it but over in the states its looking good
I am in it for the long haul. The more I read about the shale gas in Utah the more potential I see here. This really is an exceptional opportunity . No spike here , its a serious rerate . What we need is a farm in partner with deep pockets as funding will be required. If however we hit 10p and self fund then dilution of shares here would have a lot smaller impact. Loads of experience on the BOD as well brings confidence. This will go bananas next week ...
The Company has producing gold and silver assets; namely a floatation mill, and a cyanide leach plant in Mexico which generates free cash flow to assist in financing the company's oil and gas exploration programme. The mill has the potential for additional capacity for feed from other projects and enables the Company to seek further sources of cash flow in the region. Copper and Uranium – North America Active projects comprise several porphyry copper targets in the southwest US porphyry copper belt, a major copper producing province and include a non-cost bearing joint venture with Lowell Copper LTD The Company holds Uranium assets in Arizona and Utah in the southwestern U.S. The company is actively seeking divestiture of these assets to maximize shareholder value and generate additional capital for its U.S. oil and gas exploration and production programme.
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