Member Info for VerbierDave

I have now surmounted £94k worth of EDR at an average of 2.41p........ am I mad or a genius only time will tell but if the long awaited CPR for Wressle comes good, Bisc planning gets approved on appeal and the UK energy security bill either helps in onshore planning for conventional or god forbid helps fracking then it will be party time. Also the chances that if things are made easier for offshore it may speed things up with our Shell asset.

Fingers crossed

Things are looking good at Wressle where the money keeps coming in - an operational update on wressle due in April according to the UJO RNS, so hopefully that will be the extra income from the gas that we have been waiting for.

Looks like Brent has tested the $100 and the existing trend line and I would now expect it to go on the rise again.

I'm wondering if releasing of the Wressel CPR has been held back just incase of a negative planning result at WN to then support the share price.

It seems as though some may have been waiting for the potential bad news before letting this go, down to 2.6p and then straight back up 3.3p on the bid. It would have been nice to get it past and really makes you wonder if the planning of such things should be taken away from the local council going against the needs of the country. Hopefully they will be going around with blankets and inviting the old into their homes this winter to keep warm. Shocking behavior!!

Ah wrong board sorry although IGAS and EDR do share a lot of prospects together.

Hard to guess, I hope with tomorrow planning Committee meeting if North Kelsey is approved that could take us to 4p and then if we get a positive outcome on North Sea and uk land permissions becoming easier along with fracking too then it's anyones goes but I would think at least 8p. Then there is also the CPR due from UJO about Wressel which could be worth 2p. All in all if everything goes well in the next few weeks we could be sat at 10 - 15p but it's all a big IF.

I would think we might see people getting in prior to the Lincoln county council planning meeting for North Kelsey extension on Monday which is 5.1 on the agenda. It has already been given the green light from the planners so it would be madness in light of the governments recent U turn on UK O&G to turn down the planning. The backlash from the media would be harsh in light of the energy crisis and domestic energy hikes for their constituents.

GreyPanther - If and I say if they have set up the gas to power (reports of a lot of equipment going on site in the past couple of weeks) and are using that at a restricted choke still but open more than it was to produce electric for the site could this not be the answer to this as they would be producing less flaring. Just putting out there as a possibility for the slight uptick in lorries.

Looks like the seller is gone 3.3p on the buy now. Up we go

Pboo - I think you will find that that is incorrect. Brent fell yesterday and was flat from around 1800hrs, If you want to be precise it is actually up 1.7% as of now since market opening at 0100hrs GMT,

If the UK government cannot figure out already that there is actually some business to be done here then Kwarteng isn't exactly much of a Business Minister. It's all pretty simple stuff - lift the ban on fracking under the condition that UK shale gas is sold back to the UK energy sector at a set price below the global market benchmark, but at a price the O&G companies are still making a good market profit which incentivises them to invest into the licenses already issued. Therefore helping the UK household energy bill.
It's that simple - yes you can frack but this is the cost and the UK households will benefit. Then like it or not BoJo will keep the OAP and low income vote for coming to the energy crisis rescue.

A cheeky tree shake today and the bid now back at 3.20p. Also on the technicals (I don't really use them on low volume shares) for those that follow - an inverse H&S has formed with a target price of 3.9p

Apparently there is going to be an announcement by BoJo at around 4pm today about this. Hold on to your hats if there is an easing on the fracking ban.

*Goodbye to single digit share price.

VernetLes - the current Market Cap isn't cheap on our present production (including Wressel) it's down right ridiculous with oil at $125 a barrel and Gas at $4.87. Our income from oil & gas sales per year must be around $8m at these levels which is around 70% of our MC which is laughable.

BoJo is saying he is going to come out with an energy plan in the coming days to get the UK out of the energy crisis which will include more exploration, if this includes a re-introduction of fracking then say godly to single digit SP.

Looks like BoJo might be changing his opinion on UK gas production and potentially shale gas production as he has called for a pass on gas production by the west to help fight against Russian influences and try to get out of the energy crisis. If shale gas and fracking ban is lifted watch EDR share prices go vertically x400% overnight if the ban is lifted. I bought into EDR for this exact opportunity.

Looks like the councillors are going to back the extension and change to a lateral well design for North Kelsey. Fingers crossed as it will give another drilling option.

“the applicant has justified the delay to carrying out the operations in 2021 and demonstrated a reasonable expectation to be able to complete the proposed developments within a 12-month period without increased impacts on amenity on the local community, transport network and other landusers already addressed both separately and cumulatively. Consequently, it is recommended that the applications be granted permission.”

I can only imagine the outcry across all the press if this gets turned down again especially with household energy bill hikes only days away. Mainstream press will go to town on it and I can only imagine the councillors will have this in the back of their minds when they vote on it.

950k shares sold and it takes 17.5% off the value of the company??? does that mean they are looking for shares ready for the CPR being released?? as it doesn't make any sense at all