Allegedly, enough people who own 5% of total shares have been gathered. The intention is to call for an EGM to ask for a change in the remuneration of the CEO.
Should this be good or bad for an SP in your view gents (and ladies?)?
Based on all the above findings, taking into account the proposal for the presence of additional equipment for rapid intervention (suitable pump and containers for spill possible liquids), delay of the time of re-hydraulic fracturing in the event of potential abnormal weather phenomena and the appropriate qualifications of the staff who will cooperate in carrying out hydraulic breakage and will be able to timely and to take proper action in the event of an unwanted / unexpected event, I estimate that a low risk level for the occurrence of adverse events and consequences for the restoration of wells Pg-10 and Pg11A with hydraulic fracturing represents an acceptable low the risk to the environment and in this regard to human health.
"an acceptable low the risk to the environment and in this regard to human health"
It's obviously a pity that the pressure compressor and the pg-11 workover had not looked into earlier as an insurance against the absence of permits, but we are where we are and I expect real progress on those fronts now.
It did look amateurish indeed, but at least we now know that this money will be spent in a focused way.
And £330k looks like well enough to cover those costs, assuming that £100k of legal fees to initiate the multiple legal actions (at least 2 in my mind) and £100-150k to get and set-up the compressor (somebody who knows about this technology, please correct me!).