Similar thoughts hmc. The key to any investor making money in IGAS is for the sector to get up and running at scale quickly as it did in QLD. But apart from QLD (and US) this has not been the case elsewhere. The longer the delays the more the anti-groups are able spread wrong information to garner political support and delay. Delay means death or low ball takeover for IGAS as it was for DTE and many others that were not making revenue to cover overheads. Eventually even investors with deep pockets move on rather than continually contributing capital. To the extent that Ineos can more quickly prove reserves and demonstrate to the British that it is as safe as any other resources project it is good.
DTE Price at posting:
13.0¢ Sentiment: None Disclosure: Not Held
