Member Info for Vernony

Well so far UJO seem to have a lot of percentages of nothing. Dreams yes, but in cold finance - nothing at all

Dont read anything into them at all. The shares in here are so cheap that people dive in and out buying colossal amounts of shares, bed and breakfast shares, for under �1000. Fundamentals tells us that they have 4.333 billion shares on issue. So should a rise on the basis of oil being produced even a swing a few pence would take an awful lot of oil to finance a significant rise in the SP. The price of the company, is vested in its resale value or, in this case, oil production.Its resale value might be a little higher than its production, to overcome resistence. Holmwood is nowhere near production and EDR gives UJO just 50 barrels per day. So where is the income to come from to lift this share ?

The only grounds left for refusal now are if EDR do not address fully the two points raised by the Planning Inspectorate. All the rest of it has been passed by the Inspectorate and therefore now beyond the council to change

I wonder if there is such an animal as 'accelerated planning permission', or abbreviated planning permission. It seems that it has all be debated before and there are just two points which need to be addressed, thus no reason to resubmit a whole procedure once again

In Roman and medieval times, there were no oil wells, no gas wells, no cars, no buses, no aeroplanes, no powered ships, no oil hungry coal hungry electrical power stations, no domestic cookers....Yet, Swedish scientists have discovered that the climate was about 2% warmer then, than it is now....Seems that Greenpeace and Friends of the Earth have got their facts muddled up somehow !

Of course you are right, if on news this share hit even 1pps , which is nearly 10 times its present value. it would be remarkable if it were in a short period of time. 10 times, and world news. Despite the disappointment of those who imagine that tomorrow they could end up with �10,000 or even �100,000 in their pocket . That is not going to happen. Maybe over 5 years of so, if successful it will fight its way up to 3 or 5 pps. but there will be profit taking at every step of the way, so it will be a long battle

Always a bit daft, I think, to issue licences and make companies pay for them, and then say oh you still have to obtain five permissions.It is really about time that somebody in government had the guts to stand up and say that 'We will issue (after consultation) the licence and the approval to drill it and produce from it. Instead they opt for nobody taking full responsibility, but shared responsibility instead.( Re 'Not looking good'. Pessimist ! EDR is climbing a cliff face not falling off of it). :))

Might be back in. Currently I see the bet on EDR and the Inspectorate who is widely expected to sanction the EDR appeal. Ineffec, therefore, I am investing in the short term for UJO's 10 percent of Wressle. So might as well invest direct in EDR for 90% of Wressle. The other bets seem to far off and I can always come back to UJO if it looks promising

New promising acquisition in off-shore gas, per their latest RNS.I am not sure if UJO is just invested in Wressle or in EDR ?

They seem to be stretching out, will it mean a share dilution, I wonder ?

Last I heard from EDR was that the Inspector did not give them a date for the decision, could be that the Inspector has released further on their own website, is your source unimpeachable ?

Can't help but wonder about the phrase used by EDR to me when they said 'unusually' the Inspector would not give a date for their judgement. Unusually also means especially, or put it another way 'special'. My thinking is that the NLCC ruled on some very suspect reasons such as ' we do not trust the Department of Environment. That is not a reason to refuse an application. If they do not trust the DofE then they have to raise a complaint to them laying out why they cannot trust them, if they have done no such thing, then those votes count for nothing. In the event the inspectorate could probably quote a legal precedent and dismiss the findings of the NLCC on legal grounds, in which case they would not have to deliberate at all on the appeal, but approve it

Unless we can get them off of the floor, then a consolidation is almost a certainty. But, they have to have a convincing product or a unimpeachable future, to consolidate , otherwise it would flop. I don't think that they are in that position yet iGas, by the way, were trading (If I recall correctly) at sub 5 pps and consolidated at 75 pps (with very little product) . Logic suggests, however, that everybody who has invested just �1000 is not going to make millions in return. That would go down as a world class return and quoted down through history. Probably not that much money in the country ?

A single document sent simultaneously to all of the departments from which permission is sought, This is how they would have done it when Great Britain was the manufacturing centre of the world. These days, it is a wonder that we manufacture anything at all

I think at the moment that it takes some 5 separate permissions to drill for oil . On top of that, I understand, that you may find oil, but then you need more permissions to bring it to the surface and sell it. Certainly this keeps a lot of people employed which is the probable reason why the agencies do not object . This is absolutely ludicrous the heads, and sub heads, of these departments are paid vast amounts of tax payer's money . Even a 10 year old could devise a better system than they one they have come up with

Thank you for your email. The timing of the decision for the Wressle public inquiry is not yet known. The inspector did not advise the likely timing of his decision at the inquiry as might be normal. As such we are awaiting advice from the Planning Inspectorate. It is likely to be before the end of 2017.

Anybody know, has it been adjourned, when and how are we to get the decision >

Very true, unless they have specific facts about the operations of the Environment Agency then their objection should count for nothing at all. If they have specific cases then these must be addressed to the Government Department in the form of a complaint. Moreover, even if the EA had fouled up somewhere, what proof would the councillors have that the same would happen to Wressle. I blame the Chairman of the appeal Committee, he/she should have bought this to the attention of the councillors concerned and asked that it be struck out !

Just been looking at the idiot banging on about climate change and that this last summer was the hottest on record.. Really how far back has he gone 10 million, 50 million, 10 years, last 5 year, last summer. To advise him, the world is in a cyclical warming up stage since the last ice age, and historically it will continue to warm up until a new ice age sets in.If the burning of fossil fuels is causing the problems, then he should be advised that Swedish research dendrochronology, archeology etc.. etc.. concludes that the world was much warmer in Roman and medievil times than it is today and surprise, surprise, they were not using oil or coal or gas. No motor cars, no ships, no aircraft, no central heating, moreover, there were far less people on the planet to create CO2 emissions, of any kind. In short warming and cooling is just the Earth cycling as it has always done and will always do

https://drillordrop.com/2017/11/14/live-updates-egdons-wressle-planning-inquiry-day-5/