Another tick for Shale Gas in UK. Ineos 1 of the biggest Fertiliser Manufacturers in the world have purchases 51% of PED 133 which is 127 miles surrounding their operation in Grangemouth Scotland.
This is a huge tick for Shale Gas as UK has become uncompetitive with USA in all forms of manufacturing, UK energy prices are up to 6 times higher than US and have to get find alternate suppliers ( Russia, Middle East).
IMHO our leases in UK will be sold or JV with major sooner rather than later and as stated by someone b4 our leases will be increasing in value. Rob
Link: Shale Gas News in UK.
Ineos buys Shale leases
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