Dart's restructuring came at a cost - severe damage to their operational capability .
Igas have this .
Igas and Dart are moving in line with the market for UK exposed onshore E&P companies such as AJ Lucas , Europa , Egdon , Alkane .
The correlation is hardly surprising .
I find it hard to believe anyone would sell out of Igas to buy more Dart as Dart is a much riskier proposition until the Scottish independence referendum and Airth decisions are final .
If the Scot's decide to stop Airth or make it unviable , Dart will be in deep heap .
Gotta say I'm surprised the Govt went ahead with the 14th onshore licensing round .
The UK (or former UK if the Scots vote to go their own way) has an election in 2015 . The Labour party is still sitting on the fence with regards to shale and I can't see any credible shale companies from the U.S. getting involved until all doubts about political commitment to UK shale are removed .
DTE Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held
