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I wouldn't gauge the results from the recent elections as a marker of things to come. Both Cons and Labour are not worth voting for in current form. Clearly they're trying to get any rubbish deal through before the European elections but you'll see a better picture when they have a right of centre party to vote for next time.
Due to the ongoing saga with this weak a** government not standing up to a large environmental lobby. They think energy grows on trees and don't like to admit getting our energy from overseas is even more detrimental to the planet. I'm sure we'll see a shift to the right shortly which is more pro shale. I always knew May was going to cause a problem. Anyway we have the Wressle site at the end of the year and I'm pretty confident on that one. Hang in there.
There isn't the same level of appetite for shale speculation due to handling of industry by current government. I think things will change when a more right of centre government emerges. May has been one of the worst PMs in history and has surrounded herself with incompetent cabinet ministers. At the end of the day money talks so hang in there. A positive Wressle outcome next time will bolster this company's SP.
The current SP definitely doesn't factor in the sheer scale of Egdons assets in E.Midlands where IGas are having some early success. Hopefully we'll get rid of May and get a pro biz PM that actually delivers on their grand speeches and actually get behind shale. If that happens then Egdon is definitely going places. In meantime the clock is ticking down on Wressle so fingers crossed.
EDR has a big proven PEDL, you'll need to look up their assets on website. It used to be called 'A Prospect'. To access the oil they were contemplating drilling from the sea and across so as to avoid a lot of the nonsense experienced with onshore applications. To fund the drill etc they'll need to go in with a large partner on a 50/50 basis but it would be transformational for Egdon. Egdon reached over 30p when shale was first touted about 5yrs ago as being the big deal in the UK. Under the coalition government rules were brought in which allowed the greens to stifle development through the courts as the fees were capped for environmental cases. The whole small local government ideology is a disaster for all types of businesses all across the country. Companies want to invest but are being held back by public sector workers with basic college qualifications within councils. We desperately need a better quality of MP to clear parliament of the numpties currently taking our cash and doing nothing to boost the country.
Egdon have got better assets than Biscathorpe so I'd be happy if they just parked it instead of wasting more money when our balance isn't increasing. They need to get Wressle appeal through first so we can relax knowing there is a decent income stream. I'm pretty confident that Wressle will get through this time. If it doesn't I'd suggest the government aren't really behind onshore O&G at all. The current Tory government is the worst we've seen in a lifetime, they are so scared to upset anyone but that's simply weak leadership. It's a big bad competitive world out there and we seemed to have thrown in the towel. As Mark rightly says let's see what IGas throws up, I'm hoping JR told May when they met the other week to get a grip with energy.
Why do you always show a degree of hostility in your posts?
Riz... You can't keep changing your rating on a daily basis according to news flow. Why would it be a weak sell in your eyes? Do you know much about the assets Egdon holds? Do you know much about the O&G industry as a whole? Do you understand how the AIM works and how SPs are raised higher or lowered down? I would suggest you don't hold any stocks that you post about, and therefore I have to ask what are you doing on these pages. I can only assume you are a green campaigner that is anti fossil fuel. Why not step up to the plate by telling us what you're all about instead of wasting your time posting across various ticker symbols. Individual PIs posting across these AIM boards don't affect SPs so the terms ramping and deramping are pointless.
Wasn't big fan of putting resources and more importantly time behind Biscathorpe. Anyway it's a dead duck. The IGas site does look promising but it's a bit sad having to rely on other company's assets to see any good points. I think Wressle has a very strong chance of getting passed this time but management really do need to up their game, that's been years now of errors.
I have an inclination that we'll see light at the end of what has been a very unnecessarily long tunnel this time around. A big milestone winning that appeal!
What the heck happened to the rise from Friday? Good RNS though.
To be fair Egdon got caught with their pants down at last appeal. Reasons for refusal at council level were different to the final position. Since then Egdon have addressed these fundamental issues and even the third party adopted by council found no reason for refusal. The reasons provided by councilors were of course of their usual pathetic standard and won't be taken into account at the appeal stage. Whilst nothing is a given I do think we have a very strong chance this time at getting it passed. Lessons will hopefully have been learned because for the sake of about 100k worth of additional costs we would have probably avoided getting rejected last time resulting in the loss of millions off of the SP. A lesson for management but or course we ultimately pick up the tab for their mistakes. Last time.
Fracking commenced this afternoon at PNR site deposit the protest.
Not sure why hadn't worked it out sooner... That numpty Rizalino = possibly our Cypriot friend enjoying the hospitality of HMP, Rich Loizou? If however you're not Rich then I'm looking fwd to hearing from you xx
This share went to 35p before. Ok it has been diluted slightly since then I think about 10% so approx 32p in todays money. So your question about 100 mill being possible, well yes it is. Speculation is what drives the vast majority of AIM stocks and Egdon just received a big boost today. Peak Corbyn has come and gone, oil price is healthy, fossil fuel will be with us for a long time yet despite what the greenie gangsters tell us and the UK definitely needs to shore up its energy dependence on other countries. Once Cuadrilla prove fracking doesn't cause serious earthquakes or turn rivers rainbow colours we'll see the political appetite change. At the end of the day jobs and money are all the majority care about and the weak minded politicians that have sided with a vocal minority are backing the wrong horse.
This was inevitable. Hold on to your shares as there is now a huge opportunity for us lth once again for a great profit.
It's a bit of a game of cat and mouse at the moment. The request for extension of time has been refused however they can appeal this decision. In the meantime there is a new application in for pp. The issue we have is that N. Lincs councilors are swayed pretty easily by left wing politics ie a load of babble. But the new application is a very strong one indeed and it won't be easily refused as all points raised by the planning inspector have been addressed. I think the government should definitely put more weight behind council planners and less behind old aged councilors.
Lol you're a certified plonker. Do you understand anything about the AIM market?