EDE 0.00% 0.2¢ eden innovations ltd

Ineos buys Shale leases, page-2

  1. 87 Posts.
    Hi Rob, positive news again - I did post about a week ago as there was a news story linking the chemical company with the move, I suppose it would have been a little too optimistic to see that they would consider going too far south with them being in Scotland.
    i did note though that in an article last week regarding Uk methane's planning application in South Wales (test drill) it was apparently common knowledge that wales (where most of ede's licenses are now held) has no shale gas and would not be fracking?? (The application was to test for coal bed methane) Anyway the application which was due to be decided by 19th august will be delayed until at least mid-sept after a full site visit by councillors due to all the anti fracking protesters.
    Anyway I'm staying cautiously optimistic as GS seems unwilling to do a CR with the recent loan being preferred (ede are now able to support this with cash flow increasing on optiblend it seems).
    GLTA
 
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