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Egdon Resources Share Discussion Threads
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"Our drilling on the island is intended to cause zero hazards to any groundwater by employing the same drilling fluids and practices used by the water supply industry to drill drinking-water abstraction wells within the UK's limestone aquifers. This drilling technology is intended to include the use of modern biodegradable drilling fluids, manufactured from 100% natural plant starches, which are approved for use under the UK's Water Supply Regulations."|
|You are assuming the donuts have any knowledge of
Science, Engineering and Economics.
No doubt they are happy to fly to distant destinations
and drive motor vehicles.
Live in homes using electricity generated by fossil
fuels, as naturally they are anti nuclear.
You cannot reason with people who have a medieval view
of the world.|
|well, they have had nearly a week now to ponder what went wrong. Time to update the market what they are going to do about it. Surely they will appeal?
You have to wonder, on looking at the photos of the protesters waving their 'no fracking' boards about, that the Company failed to get across the facts about what the development is all about.|
|The year of the unexpected vote result continues!They probably considered it a formality and it went awry. They seemed to put up a pretty lame defence. Very generic and not addressing specific points of opposition.|
|Based on my read of how the meeting went...it looks like a pretty poor job by Egdon in managing the process. How does a positive planning officers recommendation turn into a rejection within 20 mins despite having the support of the party with the majority in the council!|
|Egdon Resources plc (AIM:EDR) announces that the North Lincolnshire County Council's Planning Committee has today refused planning consent for the development of the Wressle Oil Field at Lodge Farm, Wressle, North Lincolnshire.
At the same meeting the application for the installation of groundwater monitoring boreholes was approved.
Mark Abbott Managing Director of Egdon Resources plc, said:
"We are very disappointed by the decision of the Committee that goes against the positive recommendation of their Planning Officer which was determined after an extensive and thorough review of our proposals.
Our business has been operating exploration and production sites in a safe and environmentally sensitive manner across the region for many years, engaging with communities, employing local people and investing in the local supply chain.
We will now take time to consider our options including our right to bring forward an appeal."|
|It'll be overturned. This happens every time.|
|Well guys whatever the "driver" is, let's hope they remain in the driving seat and keep steering in the right direction! :) pardon all the puns!|
Perhaps it is hopes for Wressle that is moving the price. However the planning committee meeting has not yet been held (Jan 11th).|
I think it is Third Energy at Kirby Misperton. EDR has so far stuck to conventional production, although its interests in unconventional are growing!|
|Heard fracking is going on 20 miles from Scarborough. Is it EDR. Oil price is up,maybe why rise in share price today|
|Wonder has a tip appeared on some small site, or is a buy order being filled? Definitely wanting to push ahead at the moment.|
|Thanks whackford. We will have to be patient. It looks like there is going to be a drill at Brockham shortly, if they get any flow from the Kimmeridge limestones that will surely be positive for Holmwood.|
|Roger - no nuggets. Strategy is the same, to sell of unconventional licences if a worthwhile sum can eventually be obtained.
In answer to a question, Andrew Lodge (director) told me there was zero chance of finding another Wytch Farm (the well planned for west Dorset now seems to have disappeared from plan).
"A" Prospect now renamed Resolution because captain Cook came from Whitby. Drilling from offshore now looking more likely than onshore. It is hoped to get a farminee but the group of potential participators different to those who drill onshore.
The resolution not passed, allowing shares to be issued without first issuing to existing shareholders, was blocked by Alkane but reason unclear. This could be a barrier to acquisitions.
A good presentation, which should now be on web.|
|No sadly not whackford. Did you get any nuggets from the agm yourself? What's happened to the planning approval for Wressle?|
|Dealing quiet getting ready for Christmas|
|Related story....and why is our share price not going up with oil in general or our huge prospects??????!!!!
|Thanks Roger. I saw it at the agm yesterday, which was not that well attended and regrettably a certain Mr. M was also absent (he is very well informed and asks the board many good questions when in attendance). Are you Mr. M by any chance? If not, would he like to stand up for identification purposes?|
|I thought we were in the oil business.....should we not have got a wee boost?|
|Daily Telegraph business reports this approval but says "But the council's planning committee said no hydraulic fracturing- known as fracking- is included in the proposals, which are subject to legal agreements. The company will have to apply for a separate permit to carry out fracking work".
Truly we advance at a snail's pace.|
|Now announced with Egdon RNS|