Looking back, last year’s shareholder newsletter was released on the 2nd March so hopefully in the next few weeks we will get a detailed update on all our fronts.
SP has held on to the gains we had the other week really well, but that won’t last if we don’t get some kind of communication. Surely the ‘second part’ of the CPR covering UK and France is due soon!
Throw us a bone EOG, there is keeping your head down in troubled times then there is taking it a bit too far with shareholders seriously questioning whether the management have returned from their Christmas hols:-)
Hopefully that's the case, looking forward to our next batch of news, maybe a shareholder newsletter being released into a slightly improved oil price would spark a bit of interest.
Hopefully they tell us what's happening with Ireland, France, any plans with that offshore licence we've recently acquired, Holmwood and not to mention Wressle which I hope will be progressing nicely in the background....
No - I would say it is very positive that the Data Room is going ahead. I wouldn't say it is critical - again the Irish Giv have to be very careful how they treat EOG as they are thir greatest proponents of finding oil there.
a) The Irish Government would shoot themselves in the foot if they reneged on EOGs claim to the Licence. Who would trust a farm in/out after that? b) There has to be some discussion going on about an extension on the next pahse of the FEL due in July (actually plans for the next phase have to be in next month and must include a drill)
Top that off with the decision to split the awards of the licencising round then I guess there could be every reason for a delay.
All sounds great. But did anyone see the agreement that the 85% has been handed back to EOG yet? Given the time that it has taken, you have to wonder if it is a given or if there are reasons it isn't automatic.
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