Egdon Resources Share Discussion Threads

[fox you] 30/7/2015 20:06

SURE MATE

BUT HAS ANYONE TOLD THE share price ABOUT THAT?

[jackall] 30/7/2015 19:51

its the government they will get what they want and they want fracking so ????????????/

[fox you] 30/7/2015 17:48

BRAKING



LOL

I MAY JOIN IN FOR A QUICK KILL AT MUCH LOWER PRICES

DYOR LOL

[fox you] 30/7/2015 10:12

FROM THE BBC.CO.UK

======================

The company which wants to use coal seams beneath the Forth to produce gas has defended writing to ministers about possible threats to its plans.
Cluff Natural Resources was concerned a ban on onshore unconventional oil and gas exploration, or fracking, could be extended to its undersea plans.
Newly-released letters show Cluff warned ministers that plans to invest more than £250m were at risk.
Environmentalists accused Cluff of "holding Scotland to ransom".
WWF Scotland said plans to burn coal under the sea should be a non-starter.
The Scottish government announced a block on planned fracking operations in January.
They said ministers would carry out new work on the environmental and health implications of the controversial gas drilling technique.
The day after the moratorium was announced, Algy Cluff, the company's founder, said he wanted assurances from ministers that the ban on unconventional oil and gas would not apply to underground coal gasification (UCG).
He said the moratorium would have a "potentially devastating" impact on his company's "ability to operate and invest further in Scotland".
The UCG process attempts to reach reserves of coal which are inaccessible to mine, in this case under the waters of the Forth estuary.
It involves chemically converting the coal from a solid state into gas by pumping oxygen and steam through a small borehole into the coal seam.
Environmental campaigners have said UCG should be included in the fracking moratorium.
Mr Cluff's letter has been released following a freedom of information request from anti-fracking campaigners.
It has been published by The Ferret, an investigative journalism website, along with the reply sent by Alex Neil MSP, the Cabinet secretary responsible for planning.
In his response, Mr Neil gave Mr Cluff an assurance the moratorium was "specifically about the onshore exploration, appraisal, and production of coal bed methane and shale oil and gas."
Anti-fracking demonstration
In January, the Scottish government announced a temporary block on planned fracking operations
He added: "The moratorium does not apply to the offshore underground gasification of coal."
Powers to licence onshore unconventional oil and gas developments are being devolved to the Scottish government. But UCG licences will continue to be issued by the Coal Authority.
A Scottish government spokeswoman said: "The development of new energy technologies, such as underground coal gasification, must be consistent with our environmental objectives and we will continue to take a careful, evidence-based approach to such developments."
'More problematic'
The potential environmental impact of UCG is disputed.
Prof Stuart Haszeldine of Edinburgh University is a member of the Scottish Government's independent expert scientific panel on unconventional oil and gas.
He said: "Underground coal gasification is environmentally a more sensible way to access the energy from the coal than opencast or deep mining.
"The best use of this gas is as feedstock for Grangemouth and it's a way of keeping high value jobs in central Scotland for the next 50 years.
"But finding a way to capture and store the CO2 produced will be essential."
A spokesman for Cluff said its Forth project was not fracking.
He said there would be "no scientific or public interest in including deep offshore UCG in any moratorium".
The Cluff spokesman said there were "no inherent risks associated with the process or the technologies employed in deep offshore UCG so long as site selection and process-management procedures are in place".
He added: "We have a duty to put our case to ministers in the same way anyone else would."
However, environmentalists insist the time has come for the Scottish government to rule out UCG.
They argue it already has the power to do so under the existing planning laws governing related developments onshore.
Lang Banks, director of WWF Scotland, said: "No company should ever be allowed to hold Scottish ministers or Scotland's environment to ransom like this.
"This latest revelation again highlights why plans to burn coal under the sea should be a non-starter, and why the Scottish government must extend its moratorium on unconventional gas extraction to include underground coal gasification.
"The science is clear, to protect our climate the vast majority of fossil fuel reserves must remain unburned. In a worst case scenario, proposals such as these could even extend our use of fossil fuels, locking us into a high-carbon world."
Big debate
Meanwhile, the SNP MP for Edinburgh East, Tommy Sheppard, has described UCG as "more problematic" than fracking because of the "threat of underground explosions and geological trauma".
Mr Sheppard also suggested the Scottish government's moratorium could be applied to UCG.
He told BBC Scotland: "If you are going to drill shafts onshore, before going offshore, you are going to need planning permission for that and, in my mind, that would most definitely be unconventional gas extraction and it would be covered by the moratorium.
"There's a big debate going on within the SNP, as there is within wider Scottish society, about whether or not these new technologies have a role to play, whether the benefits outweigh the risks, and that debate is going on in great detail within my local community and within my party.
"I have pretty much made up my mind on this and I am on one side of that debate and that's purely because of the evidence I have been shown over the last 18 months."
S

[19bells] 29/7/2015 07:51

Whackford - thanks

[whackford] 29/7/2015 07:37

19 Bells - Regarding sinking share price, the share price was at about 8p in April when the good news on Wressle had been out for some months. Nothing has since changed on Wressle - just news confirming all is as expected, with still no certainty on commerciality (Edison puts Wressle at only about 4p per share unrisked - so not very material). Therefore the rise to 15p recently is difficult to explain. With the recent fall in oil price it looks as though we may soon be down to the 8-9p level again.

[joshuam] 29/7/2015 07:19

Some selling to come

[19bells] 28/7/2015 16:34

Why is this sinking?

[rogerlin] 27/7/2015 17:09

Some further details on Wressle from Hugh Mackay.

[dan de lion] 27/7/2015 13:16

The 387,400 sell didn`t help!

[rollthedice] 27/7/2015 12:09

Any reason for 13% fall today ~ Brent is down but few oilers down this much?

[paleje] 24/7/2015 14:53

Confirmed today Cuadrilla are appealing. They'll win it too, the council decision deliberations and outcome were farcical. Weasels.

[bionicdog] 21/7/2015 17:33

Another edit to save face , get a life.

[fox you] 21/7/2015 17:28

I READ TODAY THE LICENCING NEWS WILL BE OUT IN A FEW WEEKS.
IF share price IS LOWER, MAY PUNT A FEW K FOR THE DEAD CAT BOUNCE

hxxp://blogs.platts.com/2015/07/21/ineos-europe-fracking-message-gas-upstream/

[bionicdog] 20/7/2015 17:34

The link doesn't , just like all the others you post. This might help.

[dan de lion] 20/7/2015 11:11

Fracking pioneers win early go-ahead

James Lyons Published: 19 July 2015
Comment (0) Print
Andrea Leadsom, energy minister: “We want to get shale movingAndrea Leadsom, energy minister: “We want to get shale moving (Ben Gurr /The Times )
A NEW round of onshore oil and gas exploration licences will be granted within weeks after energy secretary Amber Rudd decided to award them in two stages to speed up the development of fracking.

The fledgling industry has suffered a series of setbacks, including Lancashire county council’s rejection last month of a fracking application by Cuadrilla Resources.

The government wants to give renewed impetus to the technology, which it says could generate billions in tax revenues, create thousands of jobs and stoke a new era of cheap domestic energy.

It will now grant some licences from the 14th onshore round, which was launched last year, and delay others that require additional environmental checks. The process attracted 95 applications for 295 blocks.

[gerhart] 20/7/2015 10:32

Must have first Wressle test results in next few days....all previous info suggests we should expect something very positive.

[rogerlin] 20/7/2015 09:04

UJO on Keddington, some comment on EDR/Wressle.

[ben144] 19/7/2015 10:44

For those interested in mining companies check this Interview with Charles Gibson: Head of Mining at Edison Research