Given the fact that they are breaking a manifesto commitment even considering lifting the ban, and given Truss's clear commitment that local support would still be needed, I would suggest that the one place they WON'T allow fracking again is in Cuadrilla's PEDL area.
Igas are already telling the world that "“we firmly believe that the geo-mechanics of the Gainsborough Trough present a significantly reduced risk of induced seismicity of the type experienced elsewhere in the UK”. In other words they are throwing Cuadrilla under a bus in the hope of getting permission themselves. It may well be that this new ERG/ NZW governemnt is daft enough to allow fracking again. Even if they do it is highly unlikely that it will be allowed in an area where the geology has meant a 100% failure rate over the last decade. That means nobody will be interested in buying out the interest either.
I reckon you guys are unfortunate enough to have stock in a company with the smallest chance of being allowed to frack in the UK.
Stock at 17.5c? Get shot now - it's nearly 8 times what it was at the low and that's where it'll heading again when reality bites.
AJL Price at posting:
17.5¢ Sentiment: Sell Disclosure: Not Held
