2 principal projects: 1/ Balcombe remains on course, despite all of the negative comments prompted by the EA's objection to their application; 2/ we await to hear further news of Saltfleetby. GL estimated the Net Present Value of Saltfleetby at about 4p and suggested a figure of 4-7p for ANGS as a whole. With the present share price at 0.80p, ANGS is not an obvious sell.
This has been echoed by the Environment Agency (EA) who have requested that we provide an update to our original Hydrogeological Risk Assessment (HRA) report to enable them to support our application to West Sussex County Council (WSCC) for our planning application for an extended well test (the "Planning Application"). We are pleased to be given the opportunity to provide additional comfort to residents, WSCC and the EA and aim to submit this revised HRA to WSCC before the end of November.
Angus does not anticipate any overall delay to the Planning Application because, as previously advised, determination of the Planning Application is not expected until January 2020. Full environmental permitting is a precondition to Angus proceeding with any works at Balcombe and we are scheduled to submit our Variation of Permit application, which also details more specific measures on site drainage and emissions management, to the EA over the forthcoming weeks and, as in previous instances, concurrently with the Planning Application.