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Chaos at fracking vote – reaction
BY RUTH HAYHURST ON OCTOBER 19, 2022 • ( LEAVE A COMMENT )
An investigation is underway into allegations of bullying and manhandling of Conservative MPs in parliament this evening in a chaotic vote on fracking.

How MPs voted on Labour’s bid to ban fracking
BY RUTH HAYHURST ON OCTOBER 19, 2022 • ( 4 COMMENTS )
You can find out here how your MP voted in Labour’s plans for a law to ban fracking.

MPs vote down Labour’s bid to ban fracking
BY RUTH HAYHURST ON OCTOBER 19, 2022 • ( 4 COMMENTS )
A Labour bid to introduce legislation to ban fracking was defeated this evening.

3 articles from Ruth last night on DoD. Could Ocelot be Ruth? Stranger things have happened on this bb.

https://drillordrop.com/
I would still love to know why it affects UKOG though. Where can the frack? All the sites have resources above the legal fracking level.

I see our political correspondent for Jaywick was busy last night. Not sure it had anything to do with the SP falling on here though. He is probably worried about his pension.

PM announces consultation on gauging fracking consent

Liz Truss announced today a consultation on how local consent for fracking would be measured.

https://drillordrop.com/2022/10/19/pm-announces-consultation-on-gauging-fracking-consent/

Jacob Rees-Mogg faces legal challenge over fracking moratorium

Three campaign organisations have taken the first step in a legal challenge to the government’s lifting of the moratorium on fracking in England.

https://drillordrop.com/2022/10/19/jacob-rees-mogg-faces-legal-challenge-over-fracking-moratorium/

In Mogg we Truss. Take a punt on Hunt.

You are welcome to them. They are keeping Ocelots mate Ruth busy. I wonder if he still thinks highly of her?

Just look at those hands. Real greedy ones. Can only be 1 of 3 people that I know of.

ocelot
If you have to ask that question you don't know much about how markets work do you?
How do you know it will be positive news?
Have you actually done any research on the 12 wells drilled in the licence area? PS. None of those wells are producing.
Ever played pin the tail on the donkey?

One thing I missed from the Loxley appeal Inspectors findings.
The September 2020 accounts were up to the year ended 30 September 2020.
2 years on. Since then it is possible that UKOG have taken the accumulated losses to over £100m.

"8.84 The September 2020 accounts of the Appellant’s parent company, UKOG PLC, recorded a loss of £20.9 million which took its accumulated losses to £80 million, and its assets appear to be based upon the value the company places upon its prospective resources."

52 Week Low 0.069
52 Week Low Date 19-Oct-2022
Drag that through a hedge backwards. Going down faster than usual today.

From the appeal documents.
"6.81 For similar reasons, most of the economic benefits set out by UKOG are irrelevant to this appeal as they are potential future benefits of a future application. Their witness accepted that this proposal will not itself produce any income and will instead be a cost. Further, whilst the proposal represents an investment (in the region of £6M to £7M), he accepted that this would primarily be in specialist equipment and expertise which is only available on a national or international basis. Any ancillary local investment is entirely unquantified and unparticularised."

The climate minister has told MPs the government is reviewing regulations on fracking-induced earthquakes.

Full story here:
https://drillordrop.com/2022/10/18/mps-quiz-climate-minister-on-regulating-fracking-earthquakes/

I did like this one though.

"Question by Jessica Morden, Labour, Newport East
To ask the Secretary of State for Business, Energy and Industrial Strategy, whether the Government’s decision to lift the ban on fracking will also apply to land within National Parks.

Reply by Graham Stuart, climate minister, 18 October 2022
Restrictions set out in the Onshore Hydraulic Fracturing Regulations 2015 and in licence conditions ensure that shale gas extraction will not be permitted in wells drilled from National Parks, Areas of Outstanding Natural Beauty and Sites of Specific Scientific Interest."

ocelot
"If he keeps posting it you may believe him." Actually applies to you more than elle as I'm sure he is just copying you.

Yep. But it will be at a lot cheaper price so hardly worth giving it away after all the money they have spent on it. Planning applications and all those appeals must be well into the millions by now. They never think of that in the bargain basement.

See. If he keeps posting it you may believe him.

Mirasol
Are you forgetting the number of times they changed the old yellow pumps before they put the dark blue one in in 2020. The number of rungs on the ladder was an indication that a new pump had been put on.

elle
So when it says "The prior pump is being refurbished as an additional spare." doesn't that mean they already had at least one spare?

Will they go for 0.07 today?

52 Week Low 0.0705
52 Week Low Date 17-Oct-2022
52 Week Low 0.0710
52 Week Low Date 17-Oct-2022
52 Week Low 0.0715
52 Week Low Date 17-Oct-2022

BREAKING: Chancellor Jeremy Hunt says he is reversing "almost all" of the tax cuts announced in his predecessor's mini-budget, and is scaling back support on energy bills.

Listen to his statement in full ??

https://trib.al/nhWl3lc

Bet you all love him now.

6 weeks since Truss became PM and so far I can't see anything to benefit this company.

In Mogg we Truss.
In Hunt we punt.

Go back to when Hunt was at Pratts corner and read what punters on here were saying about him then. Short memories or swing traders?

The shadow climate secretary, Ed Miliband, on a visit to the shale gas village of Misson in Nottinghamshire today, promised that a Labour government would ban fracking.

Full story;
https://drillordrop.com/2022/10/14/miliband-promises-misson-a-labour-government-will-ban-fracking/

and many more here;

https://drillordrop.com/

I keep forgetting this bb is about UKOG. The expert is obviously distracted .

https://www.google.com/finance/quote/UKOG:LON?hl=en&hl=en&window=5D

https://www.lse.co.uk/ShareChart.asp?sharechart=UKOG&share=Uk-Oil-and-Gas&chart=historical

I would visit an optician elle.

TH2
Pumps don't flow and it is a small flare. You'll be telling us next you have topped up.