I'm a holder of AJL for about 3 years (since the day (night for me) it was reinstated to trading after the 6 month suspension) .
Not sure whether it was wise to for the U.K. Govt to proceed with the 14th onshore licensing round in light of less than convincing political will and a general election less than a year away .
Then again perhaps better to get the licenses issued now .
They wanted to attract some big players but why would big players choose to invest in the U.K. with nonsense like this going on in the Fylde ?
The U.S. has made itself the #1 destination for Oil and Gas investment and with demand increasing domestically and opening up of export LNG terminals the prospects for drillers look good .
The sort of company which the U.K. needs to attract , e.g. U.S. big shale such as E.O.G. Resources , Continental doesn't need to entertain all the hassle associated with U.K. onshore in a country in which "profit" is a dirty word .
My betting is that the 14th licensing round will flop and that the remaining cherry acreage will largely be snapped up by existing UK players including Cuadrilla .
Cuadrilla's can't walk away from this acreage .
Once they prove this flows it's going to be impossible to keep it in the ground .
That is why the greentards want to prevent drilling at all costs - because it's game over for them when the proof comes through .
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