Patience17 May 2019 11:13
Regarding West Newton we all have to have patience.
We know that from the drilling rig arriving on site the maximum time allowable there is 12 weeks. That is part of the agreement with East Yorkshire county council.
We also know that if the drill is successful then many more months of awaiting new planning applications, permits, way leaves over lands from the site of drill to the nearest gas reception holding unit (approximately 5 kilometres away will be required. This will inevitably include public consultations and likely objections, maybe handed over to the Secretary of State. Personally would see the eventual outcome as being positive for RBD. The point I am trying to make is that this will all take many months, and as to what bearing this will have on the s.p meantime is any ones guess. But until these hurdles I have just outlined have been overcome then most prospective buyers will 'hold their fire'. Patience is the watch word with West Newton. We are not dealing with California and Trumps relaxation of drilling laws here in the U.K. This is not a share for the get rich quick merchants to be in.