IGAS Energy
Posted: February 26th, 2019, 9:12 am
Despite the best efforts of the rent-a-mob protesters, shale gas is coming to the UK. Although we certainly need to reduce our carbon dioxide emissions, the first step is to switch from oil and coal to gas, and then from imported gas to locally produced gas. Apart from not having to rely for our energy supplies on Russia and the Middle East, shale gas can bring huge economic and social benefits as we have seen in the US. Igas Energy has been operating in the UK for many years as a conventional producer of on-shore oil and on that basis is a profitable company with a p/e of about 6. However, it also has licences for exploration for shale gas in some of the best areas of the UK and has had some very promising results recently:
https://www.google.es/amp/s/www.express.co.uk/news/uk/1090344/shale-gas-found-UK-nottinghamshire-fracking-Barnby-Moor-Ineos-IGas-Energy/amp
“The findings at the site in Tinker Lane near Barnby Moor are equivalent to a trillion dollars-worth of gas, significantly higher than at one of the biggest fracking locations in the US”. Tom Pickering, chief operating officer of Ineos Shale, said the findings could be "significant" and "transformational for the UK economy" Express.
Igas is backed by Ineos and Total and IMO has a very promising future. It should be a good investment for shareholders and the country. After falling back in the last few months, the present price of 80p is a bargain IMO. I hold shares.
https://www.google.es/amp/s/www.express.co.uk/news/uk/1090344/shale-gas-found-UK-nottinghamshire-fracking-Barnby-Moor-Ineos-IGas-Energy/amp
“The findings at the site in Tinker Lane near Barnby Moor are equivalent to a trillion dollars-worth of gas, significantly higher than at one of the biggest fracking locations in the US”. Tom Pickering, chief operating officer of Ineos Shale, said the findings could be "significant" and "transformational for the UK economy" Express.
Igas is backed by Ineos and Total and IMO has a very promising future. It should be a good investment for shareholders and the country. After falling back in the last few months, the present price of 80p is a bargain IMO. I hold shares.