"WTI $63.97 +24c, Brent $69.38 +23c, Diff -$5.41 -1c, NG $3.23 +10cOil rallied a touch yesterday after the previous day's technical drop ahead of the weekend meeting of OPEC and Russia in Muscat. After the close the API stats were very positive ..."
New acquisition of highly prospective and previously proven acreage. When previously drilled they were looking for oil not gas so left it, as so often happened back in the day.
Now gas is more highly valued than it was then and is the preferred discovery type. Cleaner than oil,.safer than oil.
Help make Britain less reliant on imported energy. BUY :-)))
"WTI $55.64 +$1.10, Brent $62.07 +$1.45, Diff -$6.43 +35c, NG $2.98 +5cOil was up over a dollar on Friday making the best part of two on the week. Another 50 cent rise this morning is getting people worked up about new highs and even big ..."
Malcy also says (after Egdon's latest decision to appeal again):-
"Egdon and partners have announced with no great surprise that they are appealing against the recent planning turn down at Wressle, all this huge cost all round is totally unnecessary but the process has to be gone through and it seems that the Councillors in Lincolnshire have money to burn "
Glad I'm not paying council tax in Lincolnshire!!
You couldnt make it up, only in an English County Council could a planning committee go against the recommendation of its own planning department and refuse an application that had addressed all the concerns previously raised. This means that the Wressle field and its important revenue will be delayed yet again whilst the Councillors raise a toast to their own importance
RNS today announcing that, in addition to the previously lodged appeal, a further application has been made which addresses all the concerns of Lincolnshire County Council.
Fingers crossed that this dual approach will result in a speedy resolution.
I was lucky, I got in, years ago at about 7p.
I'm sure many got caught out when the sp went up as far as 30p or so after the total deal.
Not sure we're headed back there any time soon, but you never know. Oil prices are bound to come back over the next few months as the World continues its relentless consumption of fossil fuels.
Eventually oil will become a dirty word but gas has a good future as a cleaner buffer between fossil and renewables.
Lots of talk about solar/wind pours scorn on them as alternatives because the rely on wind and sun to perform well, but, with the advances in battery tech (Tesla powerwall) the ability to store solar and wind generated power, this problem will be odviated.
So, Egdon should only be a short term play (say 2 or 3 years) before renewables really take off.
A, given all the good news around EDR at the moment I've no argument with the offer being just shy of the current sp. backed by the fact that they got a placing away at the same price, which is also good news.
The benefit of taking part in the offer is that the money goes direct to the company instead of going to someone selling their shares. (Double benefit there)
EDR has been jogging along steadily once the sp had settled down after the Total deal. But now they appear to be making good progress in their own right. Increased production will enhance revenue, recovery in oil price, which will come , despite recent setbacks will also be good for the top line.
What's not to like ?
Good luck, TP
Delayed for a LATE legal representation. If such representation is late i.e. out of time, then it should not be considered. However, I see that The Council must look to be fair when dealing with these matters, as the 'anti-brigades will be looking for every loophole possible in delaying tactics.
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