Latest news with #EuropaOilGas
BBC News
6 days ago
- Business
- BBC News
Scarborough gas rig plans opposed by local council
Plans for a new gas-drilling rig near a seaside town have been unanimously opposed by local decision-makers. The planning application to North Yorkshire Council has proposed using a controversial "proppant squeeze" method to extract the gas in Burniston, near Scarborough, and installing a 98ft (30m) drilling rig on the site. But Reform-run Scarborough Town Council said during consultation that it had concerns about light and noise pollution, lorry traffic and water contamination and gave its "full and unwavering support" to local residents, who also opposed the plan. Europa Oil & Gas said its scheme would be positive for the local economy and "no one is going to notice" its presence. Scarborough and Whitby MP Alison Hume and David Skaith, elected Mayor of York and North Yorkshire, have also objected to the proppant squeeze technique has been described as "small-scale fracking" and has been accused by some of being a loophole in the UK's moratorium on the fossil fuel extraction of the Earth wrote to North Yorkshire Council notifying it of the legal opinion it had obtained that said that proppant squeeze qualifies as fracking under relevant planning policy, and that it must be considered as such when the council considers Europa's application for planning permission. Proppant squeeze procedures have been regularly used in the UK for several years, and industry experts consider the technique low volume, unlike the process formally termed 'hydraulic fracturing', according to the Local Democracy Reporting Service. Friends of the Earth lawyers also wrote to Ed Miliband, Secretary of State for Energy, urging him to close a loophole in the current fracking moratorium "as a matter of urgency".The environmental group said that having different definitions for fracking is creating confusion, and that the moratorium must be widened to cover all types of fracking, regardless of the volume of the injected has maintained that "it is a misconception that there is a loophole" in the fracking application is currently under consideration by North Yorkshire Council, with consultee responses awaited. Listen to highlights from North Yorkshire on BBC Sounds, catch up with the latest episode of Look North.
Yahoo
20-06-2025
- Business
- Yahoo
Pleasing Signs As A Number Of Insiders Buy Europa Oil & Gas (Holdings) Stock
It is usually uneventful when a single insider buys stock. However, When quite a few insiders buy shares, as it happened in Europa Oil & Gas (Holdings) plc's (LON:EOG) case, it's fantastic news for shareholders. While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. While there weren't any large insider transactions in the last twelve months, it's still worth looking at the trading. In the last twelve months Europa Oil & Gas (Holdings) insiders were buying shares, but not selling. The average buy price was around UK£0.0075. This is nice to see since it implies that insiders might see value around current prices (around UK£0.005). You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction! See our latest analysis for Europa Oil & Gas (Holdings) There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying. There was some insider buying at Europa Oil & Gas (Holdings) over the last quarter. Insiders shelled out UK£34k for shares in that time. We like it when there are only buyers, and no sellers. But the amount invested in the last three months isn't enough for us too put much weight on it, as a single factor. Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Our data indicates that Europa Oil & Gas (Holdings) insiders own about UK£635k worth of shares (which is 13% of the company). Overall, this level of ownership isn't that impressive, but it's certainly better than nothing! Our data shows a little insider buying, but no selling, in the last three months. Overall the buying isn't worth writing home about. On a brighter note, the transactions over the last year are encouraging. We'd like to see bigger individual holdings. However, we don't see anything to make us think Europa Oil & Gas (Holdings) insiders are doubting the company. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Our analysis shows 4 warning signs for Europa Oil & Gas (Holdings) (2 don't sit too well with us!) and we strongly recommend you look at these before investing. Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
