UK Budget update 2 - Shale gas and IGAS Energy

The UK Government appears committed to spending and offering tax breaks to companies developing sources of alternative energy.

Chancellor George Osborne said in his annual budget announcement he will introduce a new gas field tax allowance for shale gas, an industry that he expects can help kick-start Britain's stagnant economy.

"Shale gas is part of the future and we will make it happen," he said while delivering his 2013 budget in parliament.

Britain, Europe's largest gas consuming nation, lifted a ban on shale gas fracking in December and is counting on huge shale gas reserves to help cut its dependence on expensive gas imports and to contribute to state coffers.

http://www.4-traders.com/IGAS-ENERGY-PLC-4007726/news/IGAS-Energy-PLC-UK-promises-shale-gas-tax-breaks-public-benefits-16562385/

One company to see its share price rise on the back of this today is IGAS Energy. It may well be worth investigating such opportunities further while also recognizing that there will always be a bigger risk attached to them because they are the blue sky type opportunities within their sector.

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