Ann: Chairman's Letter to Shareholders re AGM, page-47

re: Ann: Chairman's Letter to Shareholder... The mgtn is quiet may be because that they do not want to give away their positions or simply there is no news. I think if it has any, it would be quite weak news anyway...

This piece just came in 9 minutes ago. It has mentioned Bowland shale basin and the next round of licences in 2014.

2014 could be an interesting year for shale gas in UK.


'Although the 13th onshore licensing round in 2008 failed to generate high levels of interest, with only 55 licences being awarded out of a potential 182, the subsequent “shale boom” in the US and the acquisition of interests in onshore UK licences by a number of major players (in October GDF Suez acquired a 25% interest in 13 licences throughout the Bowland shale basin in Lancashire from Dart Energy, and in June Centrica acquired a 25% interest in a licence within the Bowland basin from Cuadrilla and AJ Lucas) may stimulate increased interest in the next onshore licensing round. This increased deal activity is concurrent with expressions of interest in UK shale from other majors, including Total. Accordingly, the UK’s Energy Minister has stated that the government expects strong demand for the 14th onshore licensing round and to issue up to 150 licences, likely to occur in mid-2014.'

http://www.natlawreview.com/article/unlocking-potential-shale-gas-uk-energy-mix