Last news on Wressle was back to the drawing board , so that could be a while.
Im just happy that the company seems at long last to be getting on top of its operations by strategic farmouts combined with production revenue to keep the lights on.
"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.
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