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A Permit has been issued by the EA, authorising the near wellbore treatments and on
page 17 of the Decision Document in respect of the Environmental Permit (CDG2), the
Environment Agency states that “the proposed “proppant squeeze” is a small scale
hydraulic fracturing process which has historically taken place in conventional oilfields
in Lincolnshire, where oil is extracted from tight formations of sandstone reservoirs, or
where the geological formations are prone to damage during the drilling process,
resulting in impeded oil flows.”
Read the effin link I posted below for goodness sake. You could also read the inspectors decision from the last planning enquiry which clearly stated and acknowledged that what was proposed was NOT what is commonly referred to as fracking. Fracking is 'massive' this is not. You could also read, if you are bothered, the existing report from the environment agency that will be presented to the inquiry which approves the process being put forward by Egdon.
To put your mind at rest .. if they banned acidisation then there would be no more water bore holes drilled on the planet
https://consult.environment-agency.gov.uk/onshore-oil-and-gas/onshore-oil-and-gas-regulation-information-page/supporting_documents/Acidisation%20FAQs%20January%202018.pdf
I disagree - the update on Inishkea is particularly interesting because he needn't have mentioned it if it wasn't getting close. Pay particular attention to the words "when finalised". Looks very good to me.
You should have a look at this to see Government attitude towards the Planning INspectorate making decisions based on Climate Change https://www.bbc.co.uk/news/business-49960817
Drillor Drop will be reporting https://drillordrop.com/2019/10/09/second-wressle-inquiry-scheduled-for-six-days/ You can also view the comments from the public associated with the Inquiry via the link. You should note that ALL of them are to do with Climate Change.
Last night Ruth from DrillorDrop was most upset that the petrol driven bus brought in to replace the diesel electric train that had broken down on her way home was late.
Anthony - the inspector can only make a final decision on the length of the Inquiry after the 15th which is the last date to submit witnesses and evidence duration. It will be less than 6 days if NE Linc confirm their decision
I asked the inspector if there would be reduction in the time the process took given the withdrawal by the council and they told me that it would proceed as normal. In a couple of weeks though they will update the timetable for the hearing and I suspect it will be shorter than 6 days (third party objectors have a limited amount of time allocated to them) As you say a positive decision will have an impact and open up another long awaited avenue of news flow. This being Aim though I suspect that once the hearing gets going a few more punters will jump on board hoping to sell into a positive decision in January which of course will mean that the SP will drop on good news .. very predictable and one that I usually trade on.
Tovoc - the planning inspector will be confirming the conditions approved by the council and Egdon. One of these is the complete replacement of the watertight membrane to ensure that if an operator at Wressle accidentally drops his can of 3to1 Oil and a couple of drops spill out he doesn't end up causing British Steel to close down (again). Point is that Egdon this week confirmed that once the decision is known it will take 6 months at least to get the site ready for production.
Nephin Energy is Ireland’s largest domestic producer of natural gas. We are a Dublin based company, led by a team of experienced Irish executives. We hold a 43.5% interest in the Corrib Gas Field, located 83 kilometres off the northwest coast of Ireland. The gas we produce from Corrib is used to power Ireland’s homes and businesses.
We are focused on growing in Ireland and Europe through the acquisition of material interests in assets across the energy spectrum.
As I may have mentioned before the conundrum for DCCAE is that Vermilion are required by law to do a subsea infrastructure survey on Corrib yet DCCAE are preventing them from doing so by delaying the consent process. Still I suppose Environment agencies are hardly infested with O&G enthusiasts ...
http://www.mobic.com/oldnews/2000/04/aether_systems_to_acquire_ifx.htm
It would be interesting if speculators posting on this page did a wee bit of their own research instead of asking for information that is readily available by reading a couple of RNS's.
If they did they would find that EOG are fully funded through to the end of 2020 as a result of a placing in late 2018 that attracted interest from several institutional investors. By the end of 2020 I would imagine that Wressle will be on line and generating £3m a year additional revenue to our existing revenue stream and that at the very least Inishkea will have been farmed out and substantial back costs recovered.