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To: Dennis Roth who wrote (174907)	1/27/2013 7:47:33 AM
From: Dennis Roth	1 Recommendation Read Replies (1) \| Respond to of 206184

Who’s betting on UK shale gas? Cuadrilla, and maybe somebody big By John Roberts \| January 26, 2013 05:06 PM blogs.platts.com Shell, BG and Statoil have all been sniffing around.

To: Dennis Roth who wrote (174907)	6/3/2013 12:14:42 PM
From: Dennis Roth	2 Recommendations Read Replies (2) \| Respond to of 206184

U.K. Gas Reserves May Quadruple From IGas Shale Licenses By Brian Swint - Jun 3, 2013 11:13 AM ET bloomberg.com The U.K. may more than quadruple its natural gas reserves, based on IGas Energy Plc (IGAS)’s estimate of the fuel held within the 300 square miles of shale formations the company is licensed to drill in the northwest of England. IGas Energy, which plans to start drilling this year, surged as much as 16 percent in London trading after saying today its licenses probably hold about 102 trillion cubic feet of gas. Should 30 percent be extractable, U.K. reserves would jump about 30 tcf compared with BP Plc (BP/)’s estimate now of 7 tcf. “Gas in place of about 100 tcf is highly significant, both relative to IGas’s existing resource base and the U.K.’s existing gas reserves,” said Laura Loppacher, an analyst at Jefferies Group LLC in London. “U.S. shale recovery factors are generally estimated to be 10 percent to 30 percent with current technology.” The IGas estimate of gas in place on its licenses comes on top of rival Cuadrilla Resources Ltd. saying its fields may hold as much as 200 tcf in the same region. The announcement may add to pressure to provide tax breaks and other incentives to spur drilling as reserves in the U.K. North Sea dwindle. IGas rose 13 percent to 105 pence by 3:45 p.m. in London. U.K. Prime Minister David Cameron said today that rules on energy drilling should be changed to make shale production easier. “Old rules” designed for offshore drilling must not “hold us back today,” he told lawmakers in a statement. The government lifted an 18-month moratorium on hydraulic fracturing, or fracking, used to exploit shale deposits in December after the completion of an investigation into two small earthquakes near Blackpool caused by Cuadrilla’s drilling. The company has delayed exploratory testing until next year to carry out environmental assessments. IGas’s study of its resources “supports our view that these licenses have a very significant shale gas resource with the potential to transform the company and materially benefit the communities in which we operate,” IGas Chief Executive Officer Andrew Austin said in a statement. To contact the reporter on this story: Brian Swint in London at bswint@bloomberg.net To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net

To: Dennis Roth who wrote (174907)	1/15/2014 1:29:35 PM
From: Dennis Roth	1 Recommendation Recommended By evestor Read Replies (2) \| Respond to of 206184

UK’s Bowland shale is ‘far superior’ to Barnett shale in US Tom Hoskyns 15 January 2014 \| 13:40 GMT interfaxenergy.com ...Christopher Wright, chief executive of Denver-based fracking company Liberty Resources, told the House of Lords Economic Affairs Committee he had been impressed by the geological data he had seen relating to the Bowland, and predicted that recoverable gas from the formation would likely be “immense”. “The actual geological data we have of the Bowland shale looks very promising – it certainly looks to be a far superior shale and have far more gas in place than the Barnett shale under Fort Worth, Texas,” said Wright... --- Britain Gets Closer to Fracking online.wsj.com David Cameron seems finally to be waking up to the economic benefits of shale gas.