Any thoughts on next weeks SP/POO performance? Looking to take a position here and had it in my mind it would level off next week and rise running into OPEC meeting. Someone airing on the side of caution having caught the falling dagger with a few holdings in the OP crisis years back, and still not broke even.....
Posted on EOG board and thought I’d share here.... http://democracy.northlincs.gov.uk/meetings/planning-committee/planning-committee-201819/planning-committee-28-november-2018/ On the agenda under major applications, attachment 2018_1316. Not read the attachment end to end..... Fingers crossed! GLA
Wressle is recommended for approval with conditions set (listed in the attachment). Not really paid much attention to the planning portal until now, EDR seem to have gone the extra mile as they should have in the first instance, I think this has to go through on this occasion, I can’t see any reason why it won’t. Anyone with any in depth knowledge and experience care to give their thoughts? I’d have thought EDR ought to take legal advice if it doesn’t, it would make a mockery of the planning process if it were to be objected on this one IMO.....
http://democracy.northlincs.gov.uk/meetings/planning-committee/planning-committee-201819/planning-committee-28-november-2018/
On the agenda under major applications, attachment 2018_1316.
Not read the attachment end to end.....
Fingers crossed!
GLA
Nigoil, Ignore them, you have to be deluded to think so low of something yet follow it so much. I’m here at 59p, not desperate to sell or add as I took my position based on the facts and belief in the end plan, happy to wait for first oil having gambled an amount I can afford to lose. I have two opinions of why our negatisers have been hanging around here for such a long time, they’re either in above their heads and have cocked up big time financially, or they’re de-ramping and trading this to death. I’ve just unfiltered ralph2010, nothing’s changed in the past 6 months, still here banging on, must be a right miserable bugger to live with, like his other alias’ or friends.......
Good point of positive result of arbitration reducing sea lion debt going forward. I don’t think it will be a factor that has any bearing on the decision or financing of sea lion development though. Even if arbitration decides in favour of RKH then i suspect it will take years if not decades to fully recover costs from the Italian government, I can’t see them just wiring the money over the next day. No doubt there’ll be a lengthy appeals process possibly resulting some form of negotiation, or is the outcome hard and final? Either way, sea lion will be in or close to production before we see anything in terms of monetary benefit from OM arb. All IMO ofcourse.
This is just a tree shake. Oil price correction, PMO are on track for FID as per predicted timelines. PMO have to make this work or lose all credibility for future farm ins or outs across the industry IMO, they also need it for short term growth and long term production targets and debt reduction. Only thing that can can this for me is the POO reducing below break even for 6 months plus, otherwise it’s too far on to let go......
Dunderhead, Least this one should see Hugh through to retirement. I’m all for towing the line/swinging the lead but I deeply believe these guys should have produced something by now, particularly in the timeline I’ve held these shares. They promise the earth and deliver nothing in terms of value. The Mcap of the company will meet that of the placings they’ve carried out alone under Hugh’s leadership if this nonsense continues. If no farm outs are achieved in Ireland end of Q2 2019 I’d be happy to see half of the board slashed and replaced with people who have the desire and ability to take this company forward. What are our financial people doing for us if all we get is repeated placings? Dead value and merely acting as in house accountants, you can contract that element out, get rid of them and cut costs.....
Kurgan3909 You seem to value to steam off your **** very highly, even more so than your time you seem to be wasting endless amounts of focusing on this, remember time is something that you can’t buy! Seriously, stop bleating and get on with your life if you feel that bad about this share..... you’re turning into a raving lunatic, this share has beaten you by the looks of things!
I bet he was laughing every time the camera was off him, here’s high again cap in hand securing the next couple of years wages..... I actually wouldn’t care if they delivered value however they are yet to bring anything to fruition in the time I’ve held these shares which is long enough to forget. If they know a formal farm out offer is on the table which to me is price sensitive information, then why aren’t we in a closed period?
Apologies Rudey, my bad. It’s a pain of a site to navigate, hence I relied on google to direct me to the north lincs planning meetings and clicked nelincs by accident. Hopefully the 28th then. I honestly didn’t put a letter of support in, although I feel I maybe should have reading through some of the objections now....
Next planning meeting is 05th December (09:30-11:30 on the calendar, nothing in the schedule yet for 28th November. https://www.nelincs.gov.uk/meetings/planning-committee-36/
The link I posted seems to have gone bad. https://maps.northlincs.gov.uk/api/download/PL/?id=2123952&api=northlincs&apikey=dztQv62163CrksqFEsI27SwNRwc%3d And one for the portal: https://apps.northlincs.gov.uk/application/pa-2018-1316 What has struck me too is some of the letters of comment that have been uploaded. A good 20 or so of them have been date stamped and uploaded after the consultation period end date of 7th Sept, some comical letters incoming, I live however many miles away but I don’t like it basically, are these even valid given they’re not local? I’m not sure how they can justify adding letters of objection and even support that were clearly sent after the consultation end date. Look forward to the 28th if it’s heard at the meeting Rudey, having looked at the attachments in the application EDR have certainly gone the extra mile, disappointing though that they didn’t do this in the first instance but maybe a good lesson learnt.....
I’m starting to think some people have either made a bad decision buying here and can’t get over it, or they’re simply in above their heads. I think if this had a real possibility of being a no go the SP would be much lower than it is today. Aren’t we still on expected timelines? I.e no news expected yet on FID? Aren’t financial arrangements still being negotiated? Are PMO at a point to divulge detailed updates on progress? Work is ongoing..... I’d be worrying come March if they’re still staying quiet.....
“Summary In comparison with the previous applications, in the new documentation the main weaknesses identified by the Inspector appear to be have addressed, or can be addressed in planning conditions. Section 1.3 of the letter provides a detailed review of each issue related to the potential for groundwater pollution raised. Below is a summary of that assessment. The first issue regarding hydrogeology conceptualisation has been addressed through a new hydrogeological risk assessment. Our review (Section 1.3 and Technical appendix below) identifies several limitations to this assessment however, these are not sufficient to change the overall conclusions. The new application deals with the second issue (containment design) through a new design based upon geotechnical data and which will be verified through CQA. We recommend that the CQA process is formalised as a planning condition to ensure that the site is built as proposed. The issues regarding monitoring appear to be addressed by new monitoring boreholes to replace the existing ones and an additional borehole to cover a gap in the monitoring coverage. Again, this can be verified through condition. We would be willing to discuss the implications of this review with the Council, its officers and/or councillors.”
Been a long day but just found an independent report uploaded to the planning portal on 9th November. Not read it end to end but it seems to be reviewing the new measures outlined in the latest version of the Wressle planning application currently under review, and seems to suggest that the measures within are acceptable. Some light reading when I get a day off :) https://maps.northlincs.gov.uk/api/download/PL/?id=2123952&api=northlincs&apikey=hgnEbmrEOlkB0%2b5lwR%2fwgmyduDY%3d
Nice one Mogger, hopefully they divulge some material progress updates in the PMO update RE FI. People are getting impatient here, PMO/RKH are now acting on the promises they have made in a timely manner. I’d far rather wait a little longer for them to fit the i’s and cross the t’s before FID/Sanction than for the project to be rushed into sanction and run into the project head first, I’ve seen this done first hand and almost witnessed projects/companies destroyed by oversights that encounter serious delays and the associated costs of such events can be excruciating.
We’re now 12 months on from the planning enquiry into the potential for groundwater contamination. Was it July the latest application was submitted? Plenty of time to review and I don’t think it’s fair to let this ride into 2019 without it coming into the agenda at the councils planning meetings, dragging heels they say....