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The appeal will be successful because the planning inspector will only take into account planning , any opinion based objection will be dismissed. The government has laid out directives that applications should be approved. There are no planning reasons for rejection the Councils planning officer recommended approval. Councilors will have sought legal advice and yet still rejected. The previous appeal failed due to worries about water contamination but advised that the application should be approved once satisfactory details provided .
Councilors up for re-election next year.
Always going to happen. Planning officer recommended approval. They’re buying their sets with tax payers money, there is no doubt whatsoever that Egdon will win at appeal. Hopefully they will go for costs as this ridiculous decision has delayed drilling long enough.
Top up time .
Until the country has 100% renewables it might come as a shock to some but we need gas! I don’t think importing it is the answer, especially post Brexit. The pound is taking a hammering so imports will only go up in price. We need fracking and home production even if it is a relatively short term fix.
It’s often a problem when aim companies are bought out. Riz has a point, the sp offered isn’t great ( but higher than trading price ). Private investors usually don’t get a vote because they don’t hold enough shares. Also the takeover comes just when private investors are thinking the company is getting on the right track and hoping for a good run on the SP. So unless the board have a huge amount of shares , it never seems in their interest to look after the SP or the Pi’s.
You buying at 7.5p? So you do see an upside
Plastic production accounts for 1.5% of all gas and oil used in the UK . Really worrying?
How long? Actually an irrelevant question and nothing to do with the sell off. There’s hasn’t been a sell off, if you can’t get facts correct how can anyone respect your opinion?
I take a lot of what is said on here as opinion not fact. But this is hardly a sell off? No big trades and volume within recent parameters. We’ve had a nice rise over recent months, agreed it may not last, but using today’s small sells as an indicator is daft .
No local elections on sin north Lincs this year, which might help.
Having looked at the rejection , the main reason is groundwater contamination , not from the drilling but from spills on the surface (Egdon should have got this right!!!) The answer is to simply resubmit with a watertight application which answers the reasons the appeal was rejected. Surely Egdon can’t mess it up again ? I still think Egdon are a buy , but they seriously need to stop messing about at planning stage .
Absolutely flabbergasted Can’t see anything but down unfortunately. Although probably a short blip as the wressle rejection already factored in .
I agree and to hear the Egdon may not claim costs if successful at the appeal seems wrong.
That’s it now the enquiry is closed. The inspector will probably make a decision yearly in the new year.
I guess the only question we need to answer is will the share price go up or down when Egdon win the appeal .
Apparently the council are being annihilated.
http://www.s****horpetelegraph.co.uk/news/local-news/controversial-application-drill-oil-north-157722.amp
Egdon can let the current appeal run its course or alternatively study the new rejection and appeal against that.
Please go for cost Egdon when the appeal is won. The councillors are well aware of planning legislation. Home produced energy is worth literally billions to the UK. The framework is in place for companies to get started and it's being hampered by councils who go against planning officers recommendations. They need to know this will cost them hard earned local tax payers money.
I still own igas shares . But I feel the next year is make or break , with a weak government and all the other parties opposed to fracking , if the gas doesn't start flowing soon and fracking isn't proven as an aid to bridge to low carbon tech then it's goodbye.
Most people have bought in on future fracking possibilities. Labour would still need to pass legislation, I guess they'd do it quickly . The Wressle appeal and planning application isn't for fracking anyway. On the plus side egdon is a viable company without fracking . I'd expect massive sells if labour got in though .