Unfortunately, "the next few weeks" could be longer than "another couple of weeks".
Oh well, the most important is that it be as watertight as possible!
Last night (28 August) the Angus Energy Community Liaison Group met to receive information from the oil company about their future plans for Lower Stumble. In the next few weeks the company are planning to submit a planning application to West Sussex County Council to carry out an extended well test for a period of two/three years.
The Company has been informed that Carlos Fernandes, Finance Director, on 17 July 2019 purchased 1,080,109 Ordinary Shares of 0.002p each ("Ordinary Shares") at a price of 1.829 pence per Ordinary Share. Mr. Fernandes' total shareholding in the Company is now 1,080,109 Ordinary Shares ...
One forgets how quickly this share price can move!
RE: Balcombe application - "No guarantee" by end Aug30 Aug 2019 20:11
... the market and investors have grown wiser over the years... so they didn't buy into the Saltfleetby and Balcombe STORY ... -------------------------------------------------- As others have remarked, it is still relatively early days for both projects. Expect regular updates on both projects so that the market and investors can buy into them, should they wish to do so.
RE: Balcombe application - "No guarantee" by end Aug30 Aug 2019 19:25
Reasons for the Placing and Open Offer
The funds raised are to be applied, after provision for general working capital, approximately equally to support ongoing works at the Company's Brockham asset, forthcoming works at the Company's Balcombe asset, a seismic overview of the Company's Lidsey asset and to fund the exploration of potential acquisition opportunities (30/04/19 RNS).
Presumably, spending on Brockham has been less than originally anticipated during the period since the placing.