Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video 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.
this should be a place for polite conversation and exchange of ideas and not for silly ****** comments.
Vermillion should stop or reduce production until the tax situation is sorted with the Ireland government. What an odd shower of s*** the Irish government are. The Irish people who use energy in their homes will end up paying dearly for this tax, tax, tax on the producers. And the imported dirty gas from the UK will increase so the greens will go backwards just like the Irish like it. Living in the past all the time? Never learn!
That explains Vermillion's reluctance to farm in then
Maybe some Vermillion pushback on huge windfall taxes & lack of licence progress will focus minds. Vermillion could even stop production for a year or two to avoid the worst taxes.
https://www.independent.ie/business/corrib-gas-field-operator-challenges-states-windfall-tax/a1628932224.html
Seems UJO was run by con men and crooks with an American side show thrown in up until a few weeks ago. Now hydras is saying it's the next best thing since sliced bread... Random to say the least... Next....
You should just invest in shell or BP, if you want a steady income .
Hydras - yes, despite being investors in eog we are not complete fools, and I think those of us who also read the ujo board get where you are coming from.
UJO changed strategy from investing in UK oil and gas development to USA with a partner that is producing oil and gas and has extensive experience and knowledge of the producing oil from similar types of Wells being developed in the area. Also they have invested the shareholders cash into already producing oil fields with Royalties which gives regular assured income to the company with extra benefits if other wells are successful. Extremely important and WISE tactics employed by UJO. THEY CHANGED STRATEGY FROM BEING A UK ONLY OIL AND GAS DEVELOPER to spread their wings and EOG must do something similar to survive and thrive otherwise demise!! Get it?
You’re right, if none of their ventures come off they will eventually run out of money. But that applies to any business. None of us can see round the corner - you were predicting disaster outs things for ujo just before the SP turned around unexpectedly.
My prediction is that if they continue with their current strategy of high risk and very costly adventures they will eventually run out of cash and fall into liquidation so sp will disappear. Is that what the shareholders want. Kamikaze directors?
Yes G. More lots of high risk and not a sniff of reward yet in my case!
This makes me smile even with such a personal loss.
High risk and yet to reward is probably more accurate?
I guess there are companies around that do something like that. But if eog changed to this, you would then need to hunt around for another high risk/high reward type company to replace it to keep the portfolio range.
Outlandish idea!
We could turn Europa into a cash shell company and just give out divi's and do share buy backs!
Have minimal staff who require small paypackets and pension contributions;simply live of the earning of Wressle and its continued development!!!
IMHO
Exactly, Brezhnef. And if you are a high risk/high reward exploration company why would you change strategy to become something else when there are already other business with experience occupying that space. It makes no logical business sense.
Surely Europa have learned hence the move to EG with a much more favourable environment to do business in a prolific oil and gas discovery region with a asset that has a 90% chance of finding a commercial discovery.
Serif, think about it logically. My investments are spread over many different companies and if I see any that I consider are underperformed then I will obviously say so on the BB. It is obvious that these directors are making extremely poor and ill thought through decisions with the shareholders money. Not just once but 3 times, with Serenity, EG and Ireland. All the same mistakes made on extremely high risk ventures, that are several years away from possible payback, if ever at all. The directors need to learn lessons instead of making the same costly mistakes again and again. You must be fully aware of the insanity of persons who attempt to do exactly the same thing over and over and over again and expect a different result? CHANGE STRATEGY - LEARN !!
Https://www.lse.co.uk/rns/I3E/2024-capital-budget-and-production-guidance-t3csrql5dqf7lb4.html
"UK Operations
The Company continues to evaluate development options for the Serenity discovery in consultation with its partner and the North Sea Transition Authority. There is no capital budget associated with this work in 2024."
Nearly nine o'clock and one trade, i think things could be moving?
DYOR
Still don’t get why you demand that eog changes it strategy rather than you just invest in a different company more in line with what you want?
After seeing all the work that has been done in the UJO team over the last 6 months to bring the company and the dismal SP back from the dead, I can't help but think that the EOG directors are NOT earning their crust and are looking for the easy "pie in the sky blockbuster" play which takes the least effort, on their part, to falsely pretend to be improving the companies fortunes by splashing the shareholders hard earned money on far out projects never likely to get a very rich backer. What a waste of time and good money on elusive far away projects, which haven't a hope in hell of obtaining the massive funding needed because of the sky High risks involved. Directors must change their strategy and see reality and not live in a dream world. Come back to reality!!Please!!
Was that million trade a sell or a buy? Looks too high for one and too low for the other.
Two trades, pathetic.
I really can’t help thinking they aren’t earning their money?
0.9p share price!
Heartbreakingly low :-(
Share buy back is the need of the hour; at this price even one months of Europa's earnings put towards a share buy back would have a meaningful impact on the number of shares in circulation.
IMHO
Deviousness - That could happen if one of the companies was controlled by the directors concerned but that isn’t the case here.