Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
No need for any share dilution at present, even with last couple of purchases there is still a couple of million in the pot. Lets hope Wressle gets approval, has taken up way too much time and expense already.
I'm not entirely sure why Greg's taking so long to sign it off. This current govt really is making a mess of everything and they're getting away with it as opposition is even worse! I'm sure plenty of conversations are going on behind the scenes...... Well I hope they are.
This is a great bit of news for shale... https://drillordrop.com/2017/11/23/breaking-ineos-fracking-injunction-continues/
We are ultimately paying for May losing her majority and a swing to the loony left in politics. The Conservatives are absolutely pathetic at the moment and are only concentrating on the bloated financial sector in London & Brexit. Until this changes then it's going to be a slog. Clark signing off on TE site will breathe some much needed relief. The Directors do need to be held to account for lengthy delays in getting their plan of actions together. I've already been in contact with MA and he understands the landscape for planning applications has fundamentally changed. We should see stronger applications going fwd, no more pandering to councils in the hope of by being nice they will return the favor.
I'll be gobsmacked if the appeal is not successful having heard all arguments from both sides. I think there will be conditions attached but that's not going to be a problem. I always say take the good from the bad and Egdon and other applicants will know to dot all the i's and cross all the t's going fwd. Tbh there would have been no hope in hell that Cuadrilla or TE would have got permission if it had been N. Lincs Council making the decision and that suggests to me that these decisions need to be taken out of the hands of local councillors ASAP. As you can see the MMs are sitting on their hands and the SP is not moving. Last time it reached 15p when we thought would be successful. We also need TE to get the final go ahead ASAP. I have a sneaky suspicion this is being held back until the CoA announce their decision on PNR site which will be imminent. Oil is at a nice price at moment and doesn't look to buckle so that's going to help us claw back some of our lost revenue from this year. Think we would all rather forget 2017.
Council is taking a pounding from all angles. Don't be fooled by Mr Evans in thinking they have anything of material substance to refuse this appeal. If this was a courtroom whereby the council could be cross referenced it would be a whitewash. Egdon have done their homework and I'm pleased with the way things are going.
We make $68k from that transaction with UJO announced today. Nothing major but still something.
Check the RNS.....who has constantly been saying Ineos will buy out Egdons shale assets?? One step closer!
I'm afraid I don't agree with that. If what you said was the standard par for the AIM we wouldn't have the MCaps we do for the vast majority of shares in this index. The AIM is based more on speculation hence UKOG and ANGS share prices. Egdons current SP is a product of stagnation across shale, Morgan Stanley dumping a hefty stake several months ago and planning refusals. Egdons plan has never been to explore shale on its own but instead present its assets to a suitable buyer. Edison have factored in their A Prospect site being halved in order to entice a larger partner to do the heavy lifting and now we are finally seeing a rise in the price of oil this is all the more likely. There is zero need for any cash call at present and in fact we are carried on many upcoming sites already. The MMs kill SP' before news starts feeding a stock. This is why it plummeted for no reason today. It plummeted when news is imminent after months of everyone knowing it would be stagnant so why now? I've traded the AIM for 20yrs and you start to understand there are reasons why certain things happen. So whilst I understand what you are saying it doesn't hold any weight with me. I can guarantee the MCap will be vastly different if TE site proves viable and Wressle and Holmwood are given the go ahead. The SP may not hold but that's all part of the fun of the AIM.
Hopefully that's the end of a really boring period for investors. We can now look fwd to Wressle, Holmwood, Biscathorpe, Ineos injunction, Preston New Road, Third Energy site over the next couple of months. Plus oil price is heading in right direction. Hallelujah.
Hmm not a bad transaction. If able to get the bopd up to where they want we should be in profit on that site in about 2yrs.
A well written letter, unfortunately I've tried sent similar in the past to no avail. But that's not to say don't keep trying. Ineos are the only company that has any real political clout and even they're struggling to get traction. Clark needs to hurry up and sign off PNR as it's sending all the wrong signals.
Stop filling up this board with drivel. If you want to do that then go to Angs or UKOG. If you really have to ask when the SP is going to move then don't buy or you'll get burnt. If you want approx timescales then spend 10 mins reading through old posts especially mine and also research what Edison said as their research is always invaluable. There is news just around the corner that will affect this SP. If you are in at these prices you'll double your money in short term I guarantee that. But short term isn't days it's months.
Although Wressle will be heard next month don't expect decision till start of 2018. Wressle will eventually get the go ahead when it comes to legalities and when it does it'll set another form of precedent to future planning applications. In this instance I actually think we should turn our attention to Third Energy' results which will be known sooner. We are just waiting on Greg Clark signing off the plans and then it's full steam ahead. If Third cab prove there is gas then that will be a huge Milestone. We need the CoA to rule against the last chance for the antis in the form of Mr Frackman for the PNR site. If we win we can be sure of less hassle through courts going fwd in terms of fracking. This should be imminent. We've got the iGas sites to look fwd to where we have a decent % and they are now pushing fwd. Keep your eyes on Biscathorpe, Egdon have to drill this soon due to planning time frames. If strike it lucky this could be huge. All in all 2017 has been a shocking year for onshore asides from the speculation with UKOG and ANGS. I still think Egdon is a brilliant play but we need a few more things in our favour before we see good returns. Remember we have several million in bank, no debt and are carried on several sites. Our shale acreage is right next door to Ineos' so that can only be a good thing.
If anyone though Holmwood would get passed today you are pretty naive and probably shouldn't trade in O&G shares. Luckily for Egdon it's not a biggie and although would obviously have been a complete bonus they have their fingers in plenty of other pies for short term speculative growth.
It used to be the case that councilors would do everything they could to avoid costs against them but that is no longer the case. We need the Tories to bring back the plan to wipe out local councilors having any say on onshore O&G planning. UKOOG need to press the government harder for changes but tbh I simply don't believe May is pro onshore so it's just being put into the back burner. Once the economy starts going south faster the government will come back out with their begging bowl to business.
This is never getting passed today. You've got a bunch of councilors adamant that they will make any excuse not to pass it. Just think if May wasn't so pathetic we would have had a majority and wouldn't be at the mercy of a bunch of muppets protecting only a handful of local residents. No one wants development on their doorstep but it's up to strong leaders to look at the bigger picture in terms of the greater good. You need new consultants and should sue your current ones for doing such a poor job.
Hopefully this will be the last month where no action is preventing the SP from moving northward. It's been a long slog but nearly a speculative stock once again.
Nope will have zero effect on us.