where are we heading?, page-35

Reggie sentiment has changed for the last 2 weeks as the protesters have been painted in a positive light by the press. This effects DTE as it reduces the chances of a farm-in opportunity with a major energy company as they will wait for the negative public opinion to subside. Very unlikely we will get a major announcement in the next few weeks which was previously keeping traders holding the stock in case it was announced.

Potential sentiment changers in the coming months are the general public getting annoyed with the public nuisance caused by serial pest protestors and the excessive cost to keep them obeying the law (currently 750,000 pounds in 2 weeks), also drill results from Cuadrilla from their current work, iGas also drilling in the 4th quarter. Positive results from either company will instantly turn sentiment (just like after the BGS Upgrade of Resource announcement end of June).

October will see the resumption of Falkirk approval process, whilst the decision is some time away it will be good to see things moving again. The fact that they now do not intend to apply for 'fracking' must make the approval process for the Scottish Government MUCH easier.

DTE will only start to realise its potential when investors can be reassured that there is a definite future for Shale/CSG. The US Government are 100% behind it, UK Government 100% behind it, both sides of Australian Government at a Federal level 100% behind it. Both the UK and Australia are not in a position to give up the opportunity of cheap available energy under their feet, the benefits IF DONE CORRECTLY IN A WORLDS BEST PRACTICE ENVIRONMENT are simply too good for any government to overlook.

It is taking longer then I thought, but it will happen. DTE has the very realistic potential of increasing its market cap by 2 to 3 times from current levels in the next 6-12 months. The real money with DTE though is more like 3-5yrs away when Airth is producing income, Bowland starts realising its real value, Australia gets back online.

Personally I will take advantage and pick up more if it is to drop below the 10c mark again. For those patient I believe they can be very well rewarded for the risk. There is still a lot of risk which is why the company is only valued at $90M. Good luck to all those taking the risk.