Igas Energy Share Discussion Threads

[one_frankel] 07/9/2022 12:47

Seismic activity caused by fracking doesn't just cause issues in the locality but intensifies tremors the world over and there is no safe jurisdiction because its all interconnected.

[svenice7] 07/9/2022 12:29

All I know is you cannot trust the tories, especially Rees Mogg. Fingers crossed.

[svenice7] 07/9/2022 12:23

Main problem with IGAS sites is the aquifers, but carefully setup and cased, it should be fine as they are fracking deep.

[officerdigby] 07/9/2022 12:16

Indeed NBP is determined locally and day ahead rice has massive swings day to day in UK.NBP recently been lower than TTF and swinging around due to no local storage.No storage will bite UK in winter when UK normally takes gas from EU storage. (Hopefully that's agreed).LNG price will be determined intentionally. So expect UK increases to well above Asian LNG (JKM) then bursts lower Anything extra local will help UK gas prices alleviating spikes in price etc.IGAS have drill wells just need to frack. In regions where seismic is not an issue.Says it all really. G

[svenice7] 07/9/2022 12:04

The narrative that more supply does not effect prices is propaganda by the overlords who the poor to suffer and die.

[varies] 07/9/2022 11:16

It is widely asserted and, indeed, asserted by some contributors here that a flow of gas from fracking in England would have no effect on the charges made to consumers since the price of gas is set internationally.
I cannot understand why this should be so.

It would obviously require a massive flow of gas from fracking to have much effect on all our energy bills but, if there is such a flow, then surely the government could devise some arrangement to produce this effect.
A simple solution would be to charge a royalty on production that could be redistributed amongst consumers, especially those living near the fracking sites.
We can be sure that if this gas bonanza should ever come to pass, then the producers will be taxed on it.

[svenice7] 06/9/2022 23:00

Most incompetent- always get promoted

[mattybuoy] 06/9/2022 22:30

Game on chaps!

[one_frankel] 06/9/2022 21:52

Ohh my Kwasi Kwarteng has been appointed as the chancellor of the exchequer but do we look forward to his same incompetence as business secretary!

[svenice7] 06/9/2022 21:40

Rees moggins

[one_frankel] 06/9/2022 19:18

'Very Quickly' hey but interesting!

[mountain man] 06/9/2022 18:59

MattybuoyYou're right - fracking needs to start immediately and with support from government private enterprise can unleash vast quantities very quickly. Not only supplying this country but exporting to the continent too. Our economy would benefit enormously. There is no getting away from it - gas and oil will be needed for decades despite what those with their head in the sand think.

[one_frankel] 06/9/2022 15:26

Firstly, with the immediate start of fracking, we would still have to wait until the late 2020s for more than 5% of UK demand to be met by domestically produced shale gas but do you feel that renewables will take as long when many energy companies have processes already in place and delivering on renewables!

...And secondly if they do compensate providers with additional governmental debt, then at least we'll have increased taxes to look forward to in future hey but it does seem like the goons have really thought about this with the perfect plan hehe!

[mattybuoy] 06/9/2022 11:32

The govt has no choice but to freeze prices otherwise the economy and society will fall apart. It still might if we encounter serious shortages over the winter.

I am just eagerly awaiting the concrete statements on fracking and other local energy production, the "long-term" solution.

[varies] 06/9/2022 10:44

If it is true, as widely suggested, that the government plan to freeze electricity prices for 18 months and compensate the providers with borrowed money, then customers will have little reason to reduce their consumption.
This plan looks daft to me.
To offer tax cuts as well will surely break the bank.

I hold no shares in IGAS, having sold at c78p, but I did buy and still hold a decent holding in A J Lucas. I was planning to buy more but was deterred by the alarming amount of short-term borrowing disclosed in the recently published accounts.
I am still nervous in spite of the rise in AJL's share price in recent days but am minded to hold on.
In my view we need good news soon to justify the present share prices of both IGAS and AJL.

[mountain man] 05/9/2022 20:38

Buffinman and BarrelmanIn addition we cannot afford the time to wait for renewable energy to produce the power we need - we would be cold, starving and bankrupt if we did.

[one_frankel] 05/9/2022 19:37

...But its come to stage where we could possibly heading towards an apocalypse and fracking will only exacerbate climate change even further and faster with a multitude of additional risks so is it really worth the short-term fix, I doubt it but then we have clone in Truss to make those all important decisions...Go_d help us!

[barrelman] 05/9/2022 19:36

Totally agree.

[mountain man] 05/9/2022 18:03

Buffinman - I agree with your post and I see fracking as an essential way out of our energy problems and unlocking the hundreds of billions of pounds under our own feet is fundamental to our economic wellbeing.We are in an economic war which will last a considerable time and I see gas and oil as entirely necessary for decades to come. The time will come when we are able to assist with the supply of gas to Europe.There are a few people in this country who, in the guise of being concerned about climate change, would like nothing more than to do this country great harm.Climate change has as much to do with nature as anything we humans have done. After all it has been going on for many thousands of years. That simple fact seems to be totally ignored by some.

[one_frankel] 05/9/2022 17:32

We already have the threat of ongoing climate change but do you also now want to add the threat of fracking to that list which tends to cause detriment to the earths crust...But thats certainly what sustainabilitys is all about right!

[buffinman] 05/9/2022 17:05

I missed this in yesterday's Telegraph

SIR – Energy prices are soaring while 1,300 trillion cubic feet of shale gas sits idle under our feet. Just 10 per cent of this, deemed to be the most easily accessible, would give the UK self-sufficiency for 50 years.

By not using British shale gas resources, we’re missing out on tens of thousands of well-paid jobs, losing billions from the UK economy while enriching foreign exchequers, depriving councils and residents of millions of pounds of tax revenue, and putting our country at the mercy of a Russia-dominated European gas market as we all scrabble for the same limited resource.

The Climate Change Committee says we will still be using gas by 2050. It is absurd that we import the majority of it from abroad.

The Levelling Up Secretary says the Government will fast-track nuclear projects. If the new Government wants us to start fracking, we must similarly fast-track shale gas sites through the planning system by treating them as nationally significant infrastructure projects.

Craig Mackinlay MP (Con)
Esther McVey MP (Con)
Lord Frost (Con)
Julian Knight MP (Con)
Huw Merriman MP (Con)
Bob Blackman MP (Con)
Sir Robert Syms MP (Con)
Lee Anderson MP (Con)
Andrew Bridgen MP (Con)
Anne-Marie Morris MP (Con)
Adam Holloway MP (Con)
Greg Smith MP (Con)
Andrew Lewer MP (Con)
Philip Davies MP (Con)
David Warburton MP (Con)
Richard Drax MP (Con)
Baroness Foster of Oxton (Con)
Lord Borwick (Con)
Adam Afriyie MP (Con)
Laurence Robertson MP (Con)

[one_frankel] 05/9/2022 13:18

It will be interesting to see her new cabinet in the coming days and with the immense volatility in Natural Gas, price action could be just as aggressive here but in reverse so I wouldn't become too complacent just yet with Truss's favourable attitude towards fracking and remember alot of the momentum in the share price has already been in anticipation of folks!

[cashandcard] 05/9/2022 12:41

Liz Truss just confirmed as new PM.Cash