Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I have flirted with my overdraft limit many times and went into the red at some stages, with high penalties, but now some good news for me and many other bank customers
"Thousands of HSBC and Santander customers to be paid back overdraft fees. The Competition and Markets Authority (CMA) found the banks failed to text customers when they went into unarranged overdrafts."
GreyPanther have a look at this
P2304 Offshore Licence Acquisition:
4 December 2017
Egdon Resources plc (AIM:EDR) is pleased to announce the acquisition of 100% interest in Promote Licence P2304 (UKCS Block 41/24) from Arenite Petroleum Limited (“Arenite”) and Europa Oil & Gas Limited (“Europa”). P2304 is located to the immediate south of Egdon’s 100% owned licence P1929 (UKCS Blocks 41/18 and 41/19) offshore North Yorkshire, which contains the 1966 Resolution gas discovery.
The Resolution discovery structural closure is mapped by Egdon as extending southwards from P1929 into P2304 and the licence also contains a second gas discovery confirmed by wells, 41/24A-1 (1969, Total), 41/24A-2 (1981, Total), and 41/24-3 (1993, Conoco) which tested at rates of up to 34 million cubic feet of gas per day and 1280 barrels per day of condensate from the Plattendolomit, a Zechstein carbonate unit slightly younger than the Hauptdolomit reservoir tested in the Resolution discovery well. As with P1929, P2304 contains additional prospectivity in deeper gas bearing Carboniferous sandstones underlying the proven Zechstein reservoir sequences.
4 December 2017:- Egdon Resources plc (AIM:EDR) is pleased to announce the acquisition of 100% interest in Promote Licence P2304 (UKCS Block 41/24) from Arenite Petroleum Limited (“Arenite”) and Europa Oil & Gas Limited (“Europa”). P2304 is located to the immediate south of Egdon’s 100% owned licence P1929 (UKCS Blocks 41/18 and 41/19) offshore North Yorkshire, which contains the 1966 Resolution gas discovery.
http://www.egdon-resources.com/p2304-offshore-licence-acquisition/
I recall DB discussing offshore oil resources in his last talk
Egdon Resources plc (AIM:EDR) is pleased to provide an update on the farm-out process in relation to the Resolution and Endeavour gas discoveries in UK offshore licences P1929 and P2304 (41/24) respectively. Egdon subsidiary, Egdon Resources U.K. Limited (‘ERUK’), is the operator and currently holds a 100% interest in both licences. Commenting, Mark Abbott, Managing Director of Egdon Resources plc, said: “We are delighted to have agreed exclusivity with a large internationally recognised exploration and production company as our preferred partner for Resolution and Endeavour. In our view, the calibre of the proposed partner reflects the upside potential associated with these assets and validates our strategy to add them to our portfolio.
Licence P2304 (41/24)
Status Extant
Licence Start Date 01/12/2015 (Executed 28/01/2016)
Initial Term End Date 30/11/2019
Second Term End Date 30/11/2023
Licence End Date 30/11/2041 (Anticipated)
Licence Administrator Name EGDON RESOURCES U.K. LIMITED
What Does The Institutional Ownership Tell Us About Union Jack Oil?
Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it’s included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. We can see that Union Jack Oil does have institutional investors; and they hold 57% of the stock.
General Public Ownership: The general public holds a 28% stake in UJO. While this group can’t necessarily call the shots, it can certainly have a real influence on how the company is run.
Private Company Ownership: Data indicates that Private Companies hold 12%, of the company’s shares.
https://simplywall.st/stocks/gb/energy/aim-ujo/union-jack-oil-shares/news/how-much-of-union-jack-oil-plc-lonujo-do-institutions-own/
According to [https://www.shortdata.co.uk/company.php?isin=GB00B814XC94] There are no current short positions above 0.5% in UNION JACK OIL PLC
http://www.egdon-resources.com/p1929-and-p2304-farm-out-exclusivity-agreement/
Egdon Resources plc (AIM:EDR) is pleased to provide an update on the farm-out process in relation to the Resolution and Endeavour gas discoveries in UK offshore licences P1929 and P2304 (41/24) respectively. Egdon subsidiary, Egdon Resources U.K. Limited (‘ERUK’), is the operator and currently holds a 100% interest in both licences. Given the exclusivity arrangement, discussions and negotiations with other parties have been suspended and the data room closed while the Agreement is in place.Commenting, Mark Abbott, Managing Director of Egdon Resources plc, said: “We are delighted to have agreed exclusivity with a large internationally recognised exploration and production company as our preferred partner for Resolution and Endeavour. In our view, the calibre of the proposed partner reflects the upside potential associated with these assets and validates our strategy to add them to our portfolio.
Egdon has previously submitted a request to the Oil and Gas Authority (“OGA”) for an extension to P1929 and P2304 both of which otherwise expire at the end of November 2019 and are hopeful of receiving confirmation from the OGA in respect of these extensions in the near future.
In the United Kingdom, the carbonates of the Southern Permian Basin have targeted and produced onshore and OFFSHORE in the Southern North Sea Gas Basin. These carbonates have been extensively explored and produced onshore in the Netherlands, Germany and Poland, which provide several direct analogues for PEDL183 and West Newton.
David Bramhill, Executive Chairman of Union Jack, commented: "We are looking at an onshore project with potential OFFSHORE resources, and to date, West Newton is demonstrating the elements required to become a significant conventional hydrocarbon development project in the future."
I have placed a "kill or fillm"order with my broker for monday at .25 because I believe the SP will drop or languish as we await the news after the 12th. I will buy all my share back plus some extra closer to the date. I last top sliced at .3202 and then bought back the next week, gaining extra shares. IMHO the MMs are going to be playing games with the SP in the coming weeks to the detriment of PIs.
Earthquakes around the British Isles in the last 50 days
Last updated: Wed, 06 Nov 2019 10:40:02 (UTC)
This list contains information about background, tectonic earthquake activity (TEA) in and around the British Isles of 24 TEAs. Seismic events for which there is evidence that they have been induced by human activities are listed seperately and number 2.
https://earthquakes.bgs.ac.uk/earthquakes/recent_uk_events.html
Sachin Oza, Co-Chief Executive Officer of Reabold Resources #RBD discusses their £24m fundraise and explains what it will be used for, he talks for about 8 minutes right at the beginning of the podcast. In the interest of honesty I took this link from ADVFN share chat BB
https://audioboom.com/posts/7415104-reabold-resources-rose-petroleum-and-alan-green-on-3-stocks
shareaction re your post: Energy prices in Germany $0.33496 per Kwh compared to the USA of $0.1331 per Kwh so you are quite correct not 4 TIMES but 2.5 TIMES. US energy prices had shrunk to less than 25% of German energy costs.
Here is an example of how governments could reduce the gas bill for their citizens but ignore. In February 2013, the government of Chancellor Angela Merkel announced draft regulations that would allow for the exploitation of shale gas deposits using the same fracking techniques common in the U.S. The draft legislation had come from the Federal Department of Economics, then headed by the party head of Merkel's coalition partner, the pro-business free Democrats. This policy was said to be motivated by fears that consistently high energy costs were harming German industry, facing competitors for example from the U.S. where energy prices had SHRUNK to less than 25% of German energy costs.
However this was changed immediately due to complaints by green lobbies. So here we have a country of 83 million as opposed to the US with 329 million paying 75% more for their fuel than the US.
Led by Farrell, the team received the consolation prize from World Rugby chairman Bill Beaumont with a handshake.
As they were handed the medals, lock Itoje did not put the silverware around his neck. Prop Sinckler - replaced after two minutes with a head injury - ripped his off straight away.
Fans watching the final branded England as 'sore losers' and 'unsportsmanlike' for taking their medals off so quickly.
One said: 'England having a temper tantrum refusing to wear their medals. Pathetic.
https://www.dailymail.co.uk/sport/rugbyunion/article-7642181/England-players-medals-Rugby-World-Cup-final-defeat-South-Africa.html