Think that EDR would have to be a lot bigger to be taken over ... most majors haven't been interested in UK shale at all up to this point... I don't think one should be in EDR for its takeover prospects at all. Really not sure about next licensing round as think that the most attractive blocks have already been licensed. What EDR has going for it, is the possibility of hydrocarbons leading to SP upside in the following areas: Wressle & Burton (conventional, 2014) and then in 2015/16 in the following areas: Biscathorpe, P1929 (conventional) and Gainsboro Trough (shale). See Edison Research for full analysis.
Hi Taud do you believe the next license round will see more majors involved? And as to any takeovers I dont see that on the horizon quite yet IMO
I've a tiny about invested in Egdon Resources at the moment (although I'm considering increasing significantly if my Roxi punt comes through) but my main questions about Egdon is why there appears to be so little interest in buying out this company? As far as I can tell, they are the no. 2 market traded shale play, and yet everyone seems to buzz around iGas and almost nobody knows anything about Egdon. At what point in the extraction process do folks think we are likely to start seeing people wanting to buyout this business???
Hi Kash.. EDR does have both conventionals and unconventionals. Nothing the good lady said affects the conventionals (includes Wressle, Burton, P1929 etc). Agree that EDR's unconventionals are encouraged by her ... and also EDR is in the fortunate position that its unconventionals are not in National Parks (the main area, Gainsborough Trough, is in an old coal mining region), therefore the National Park safeguards don't apply to EDR.
RE: National Parks
Hi Taud,pretty sure after reading baroness verma statement government still pro exploration of unconventionals with safeguards in place ,but as you say and i agree we (EDR) are concentrating on conventional extraction ,hope i have read that right.GL
Good news... the new rules published today apply only to unconventional assets... so they will not affect P1929 (although it will continue to have to respect the existing requirements for national parks)... here is the ministerial statement on the Dept of Energy website (right click then select search with Google then select first result)..... https://www.gov.uk/government/speeches/outcome-of-the-strategic-environmental-assessment
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