Shale investors should expect a boom as well

Elizabeth Fournier

AFTER years lingering on the sidelines of British energy policy, shale has definitely arrived.

Even before yesterday’s huge upgrade to the area’s reserves it’s been a bumper month for the industry, with energy giant Centrica taking a stake in UK fracking pioneer Cuadrilla and France’s Total saying it has looked at the Bowland Basin.

Investors who got in early can give themselves a slap on the back – and those still on the fence shouldn’t wait too long.

Shares in iGas – the UK’s only listed shale explorer – and in Aussie-listed Dart have both doubled since the end of April, despite the firms having yet to put drill to rock.

The UK’s shale industry may be dominated by minnows at the moment, but they’re about to hit the big leagues.