Yes, and Proactive Investors said on the 9th September that the update on the CPR for Wrestle is expected "imminently". Given that it was reported that the report was nearing completion back in June, I should hope so too.With new oil expected in H2, looks like lots of good news on the near horizon - Egdon, the quiet man of onshore O&G.
This stocks going to pop soon. Just over 2 weeks until Govt overrules council to give Cuadrilla the all clear to frack thus showing it will do the same to any other rejected application. EDR is the 2nd largest player in terms of acreage for fracking after Igas that is not a private equity firm. Unlike igas it has no debt, cash in the bank, prime takeover target once their assets have a value. Sitting at just over £30 million capitalisation the SP is literally peanuts. Long term holders… Read More
This share is sitting waiting patiently on upcoming positive news regarding fracking. Parliament back in fortnight then hopefully the spin will commence in the lead up to Caudrilla' positive planning appeal....then this SP will really start moving up. It's been a long boring wait so long term holders are due a smile.
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