We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
For the life of me I'm beginning to wonder why WA bought so many more shares recently.
Perhaps Heyco will put us out of our misery before the final credits roll.
thanks copper3.
probably one of those movies where they’re trialling 2 different endings. final frames either - we”re all sitting by the pool with ****tails after a glorious sept where wressle, ireland and serenity all come in - or the bailiffs are shown driving away the car as we join the latest just stop oil protest.
Serif
I could't have written the sript to this epic slow moving story. Just hope someone , maybe a ghost writer, is writng a happy final chapter as I have a lot of dead money tied up here.
"For a number of reasons the CPR writer has failed to meet the original agreed timeline and the report is still being written. We are doing everything we can to expedite the process and I hope that it will be complete within the coming weeks."
Please all consider writeing to W.H. on EOG web page investors comments box to try to glean more
When do investors get the chance to vote on directors appointments again?
Not looking great unless will can tell us differently.
I’ve resigned myself to my losses I’ve been a c***
@Copper3
“if your still awaiting Wressle CPR , old Will H says its held up in writing and hopes will be released in coming weeks”
Hard to believe that’s the full explanation. We had changes re Cloughton last week - more to come perhaps following takeover of Egdon?
Agreed Serif, that would only leave EOG to find someone who will commit to funding the drill. Clock is ticking I hope they find a farm in partner, or partners.
The U.K. is perhaps over generous, in allowing a guaranteed share of its gas to be allocated to the Republic of Ireland, whilst Ryan acts as he does.
Not sure why they can’t do the deal “subject to Irish Gov approving next licence phase” - a bit like a mortgage offer “subject to survey”. That would be no risk for partner and certainly test the word of the Irish Gov. If they did approve then whatever Gov followed would be bang to rights legally if they tried to block it.
To move the license onto the next stage they need a drill commitment, otherwise the license will be lost in January 2024. They only have 5/6 months to pull this off.
I can only think they have not found a single company, or multiple companies ready to take on and commit the 50/70 million dollars to drill.
Mr.Ryan holds balance of power in the coalition government and despite Varadaker warming to extend Corrib I cant see him getting that through in the current government so its only likley in my view if a main stream party even Sinn Fein wins a majority in next election 2025 ? No company surely is going to invest $50 m in drilling without secure future revenue pay back and profit. Of course if Ryan would own up to the amount of gas imported and agree with EOG view that imported gas is much more CO2 intensive than we might get an early breakthrough.
I think it was over 4 years ago EOG applied for permission for a Inniskea sea bed survey to decide exact drill location and nothing has happened on that
P.S. if your still awaiting Wressle CPR , old Will H says its held up in writing and hopes will be released in coming weeks. Oh great ! This is just not good
Could someone very concisely, simply, accurately explain what is preventing inishkea from progressing??
Thanks
Wonder if sunak is visiting Ireland this week part of his oil and gas and energy/security manifesto
Target 1.8tcf of gas on both drills ,Corrib fields nearby to connect too aswell and when those caverns get approved at ismagee for storage owned by Harl atm with a possibility of a j/v with a big conglomerate to get it up and running there may indeed be a j/v with eog on inishkia field aswell
This will rocket on approval of inishkia gas permits imho that news from sunak will boost the chances I hope only needs the nod from Irish government hopefully soon he does mention other sites to be approved in the north west Irish Sea I think
Apparently Sunak making announcements on oil and gas and carbon capture funding tomorrow in Aberdeen worth noting
Thanks, I wonder how many market makers price made up that spread ?
Dai, don’t remember exactly but 4 or 5 times between 9 and 3 and it was 1.40 to buy and 1.35 to sell each time and then 1.45 before it went down. I was only looking out of interest as I’ve got far too many already.
@Gerry, Out of interest how many times, and roughly when did you get those quotes?
I did'nt think the MM here played that game, wish I had checked now..
Gerry,yes buys imho
I asked for a quoted buy price on IG a few times earlier today and was quoted 1.40 and late afternoon was quoted 1.45 so correct me if I’m wrong but the “sales” today were likely buys. The 15196 @ 1.35 is possibly the only sell.
Serif,next week news of production would be good
@Copper. On the grounds that companies don’t usually issue positive RNSs on Fridays, I was hoping that they wanted to get this news out the way to leave next Monday free for Wressle etc! We will see. Btw - wouldn’t put too much trust in the assigning of buys/sells today - I suspect it was seen as a mildly positive/neutral move, much in line with GPS comments.
We can see the market reaction today. mainly sells. It may be another Holmwood project but at least it keeps them busy for a while. I hold EOG for Wressle which initially has been better than expected but we are hoping for better things, so where is the CPR and planning application for new wells. No news on that , I expected something this week, so I see todays RNS as a typical diversion. Hope I'm wrong. Come on EOG play fair with investors.
Thanks GP. Presumably that is why the asset hasn’t been developed to date and the EOG research will be about establishing what needs to be done to get the gas flowing at good commercial rates.