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0.9¢ aj lucas group limited

Britain has forgotten how to mine and produce. Its sad.

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hightrax

4,012 Posts.

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02/06/24

23:07

Post #: 74128628
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Originally posted by tgn01: ↑

https://www.ft.com/content/57b64b20-b1f4-4803-8793-5e86589480e8As the title of this article said "On markets and geopolitics, it is a mistake to forget about shale"
A message the UK decision makers dont seem to gasp or understand by just simply looking across the pond (the Atlantic) to the US as eloquently pointed out in the below article.
https://www.ft.com/content/030dc3c8-0f25-483e-91aa-9dbd9abc5c4d

But perhaps the UK government do understand but there is no commercially viable gas in uk shale to produce as previously suggested by some uk geologists that most of the gas has escaped millions years ago due to the geological folding and faults of uk shale rock reservoirs. And all uk shale promises and hopes were just hype to attract investment.
AJL and Cuadrilla now have declared a total impairment on UK shale asset as the government does not seem to change their current position on shale gas despite the huge investment spent in good faith based in ministerial statement and regulatory guidance policy.

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Britain has forgotten how to mine and produce. Its sad.

AJL Price at posting: 1.1¢ Sentiment: None Disclosure: Held
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