Saturday, May 24, 2014

Unfortunately residential access still delayed

UK looks to boost fracking with new land access rules

Deafening silence on planning rules for homes again.

Posted by stillthinking @ 02:54 PM (1893 views)
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3 thoughts on “Unfortunately residential access still delayed

  • Notice how it is all in the South Downs National Park. They knew full well this. The National Park was to get people off the land, limit development there and then sell off lots for oil exploration. This is happening all over USA, where Federal Govt is selling off vast tranches of land to Chinese investors for solar, mining and development projects.

    You just wait. See other surprise mineral finds under all the other international, I mean, national parks.

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  • It’s all hype – I doubt whether they will find half the oil they expect. In the US the amount of expected reserves was over stated by as much as 96%.

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  • Libertas , mineral rights are nationalised in the UK . Operators can only hold licenses , they cannot own mineral rights .

    There is a huge potash deposit under the North Yorks national park which it is proposed to solution mine , Nobody knew about it at the time the national park was created .

    Hpwatcher ,

    There is NO hype from the industry concerning the Wealden basin because they are NOT expecting to be able to extract much oil from those tight rock formations . The rock does not compare favourably with currently produced formations in the UK .

    The 88 pages of the BGS report makes this clear . It also points out that Cuadrilla’s Balcombe 2 well is penetrating a reservoir which is constrained by a conventional trap .

    Shale-gas with recovery factors between 10% and 60% is a completely different proposition to tight-oil with recovery factors between 2 and 10% .

    I hold Igas and A.J.Lucas (part owner of Cuadrilla) shares and am sure that investment will be concentrated on the far more promising Bowland shale in the North of England .

    As far as tight oil goes in the Wealden basin under The Downs , it may be technically recoverable and in sweet spots even economically recoverable but I can’t see companies being willing to spend the considerable money on exploration and R&D needed to find out .

    The laws which govern extraction of the subsurface mineral rights are far more moral than the laws which govern exploitation of surface rights .

    LVT could be viewed as extending to the surface the laws , licensing , royalties and taxes which govern sub-surface mineral rights .

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