Member Info for itsawrap

sorry, should have said perhaps it's "uneconomic at the moment", once they drill the *****tone flags it may well become worthwhile but currently it seems to be typical egdon can-kicking

GP, another aspect to consider is at what point does it become uneconomic to build a pipeline? with gas pressure falling away and the price of gas well below the recent peak, it may already be uneconomic in which case Egdon will quietly drop GTG just like it has dropped the gas-engine. Perhaps they are waiting for the CPR and post jet pump data before ruling GTG in or out

Egdon is still the operator but "in charge" is debatable. I suspect Heyco has it's own people working with MA to help and to speed up progress

EUROPA - from msn - "Earnings results expected in 3 days before market open. Consensus revenue £7.10M, EPS estimate £0.004."

if msn is correct and Europa gives an earnings update on Friday, perhaps we will get a detailed update regarding the jet-pump, water-cut and production level ...it's about time

Tony, the C65 micro-turbines at Wressle are for on-site power only. Egdon announced a 600m pipeline for GTG in Q1 2022, since then all they have done to progress it is to submit an EIA screening request in May 2023, there is NO planning application as yet. They also announced a gas-engine for local GTW (not grid), this was quietly dropped. Production at Wressle cannot increase beyond the 10t daily emissions limit until they have the pipeline or a gas-engine in place - fortunately Egdon is no longer in charge, let's see what Heyco can do over the next few months.

Daybreak = dead duck

It all looks very gloomy but I believe there's a good chance Rathlin will secure a farm-out and a good chance LNenergy will secure funding for Colle Santo. Just 2 months until RBD is due millions from Shell...could this be the bottom for the sp?

Bramhill, it's very simple, if a clearly stated deadline is missed, the company has a responsibility to shareholders to issue a timely progress update - good or bad - it's nothing to do with "engineering" news.

Here are your (hollow) words from the Finals "the Board recognises the particular importance of regular, clear and timely communications with shareholders, to ensure that they are kept updated of major developments and potential risks..."

I suspect poo will tick up slightly as the week unfolds, more so if the war spills over into Lebanon or the Golan heights. all bets are off if it somehow escalates into a confrontation between Israel and Iran, if that happens say hello to $150 or even $200

Source is msn, not sure how reliable it is

' Earnings results expected 10/13/23 before market open. Consensus revenue £7.10M, EPS estimate £0.004 '

Next Friday

Bramhill's statement in the Finals...

"the Board recognises the particular importance of regular, clear and timely communications with shareholders, to ensure that they are kept updated of major developments and potential risks..."

LoS regarding further drilling at Wressle, Egdon has yet to submit a planning application, ditto the pipeline that Egdon first mentioned in Q1 2022 - no planning application! yes Wressle is a lovely clean site (yawn!) but Egdon has dropped the ball again and again, thank goodness Heyco now pulls the strings.

Perhaps a merger between UJO & EOG, keep WH in place and drop Bramhill like a hot potato

"The Board is very active in encouraging and participating in direct dialogue with shareholders in order to ensure the Company’s shareholders are kept regularly updated..."

"The Board facilitates direct communication with shareholders through the timely release of regulatory news..."

"the Board recognises the particular importance of regular, clear and timely communications with shareholders, to ensure that they are kept updated of major developments and potential risks..."

"The Board believes that shareholders are seeking a return on their investment primarily through capital appreciation..."

"punt pile"...surely a spelling mistake?

Thx heid. these guys make Egdon time-lines look good!

...from the Egdon 2022 Finals

A planning hearing was held for Biscathorpe on 11 October 2022 and the appeal documentation for North Kelsey was submitted on 8 August 2022. Decisions for both appeals could be expected around the turn of the year.

A) hopelessly optimistic

B) Corporate bullcrap

C) civil service inefficiency

Micky it will be interesting to see if information is released via the website before we hear it from UJO or if they continue to co-ordinate. btw wressle planning applications will appear here https://apps.northlincs.gov.uk/search?status=2

Egdon still exists as a private limited company and wholly owned subsidiary of Heyco, it appears they will continue to issue press releases via their website and they continue to have a statutory reporting obligation via companieshouse