media watch 4, page-47

Striebs I strongly believe an approval "with conditions" will be the outcome. At a time when all UK Governments are looking positively at the potential for Shale, to knock back this decision would send a damming message to any majors looking to get involved. This is not what they will want. Having AMEC heavily involved in this determination will help DTE's cause. It would be a serious setback if it is knocked on the head...on the otherhand it will be the company maker if it gets the go ahead!


Below is an article regarding UK Fund Managers thoughts on UK Shale. Looks very positive and it will not be long until funds from the big end of town flow in to the likes of the limited exposure options of igas, Cuadrilla and ofcourse DTE.




Recent article below from The Telegraph:

Shale set to cut energy bills
A major survey of leading City fund managers reveals widespread confidence in the potential of UK shale gas

A poll of 200 fund managers reveals widespread confidence in the potential of UK shale gas.
British shale gas production will cut energy bills, according to a major survey of leading City fund managers.

In a boost for shale explorers and consumers alike, a poll of 200 fund managers with a collective $10?trillion (£6?trillion) in assets under management reveals widespread confidence in the potential of UK shale gas.

George Osborne, the Chancellor, has introduced generous tax breaks for shale explorers, saying he does not want Britain to be left behind as gas prices tumble from the shale gas boom in the US.

But opinion is divided over whether even major UK shale production could lower prices, with Ed Davey, the Energy Secretary, suggesting it is unlikely to do so given the size of the European gas market.

The research, conducted by Capital Spreads, the spread-betting and FX company, reveals that 59pc of fund

managers believe shale will lower the cost of energy, compared with 36pc who say it is unlikely to make any impact.

Some 48pc say it will lead to a slight cut, while 11pc say it could see energy costs fall “significantly lower”.

Nick Lewis, head of trading and market risk at Capital Spreads, said consumers struggling with the “vexatious issue” of rising bills would welcome the news that “major City investors view shale gas as a possible silver bullet”.

He added: “This is good news for companies such as Cuadrilla Resources, who will be bolstered by the news that fund managers view shale gas exploration as an investment opportunity.”

The poll also found that 68pc of managers believe that worldwide shale gas production will transform global energy markets, although 50pc say that will not happen until 2015 and beyond.