It is very hard sitting here watching the weeks roll into months with what seems like zero activity taking place and complete silence from the board, when something along the lines of what Union Jack have just done would gives us a welcome boost of interest.
That said, we can only assume the BOD are completely disinterested in adding value to this share and would rather sit around doing f#ck all but simply taking their pay cheques. Or, and this is my reasoning for what its worth, they are spending every waking hour sifting through the seismic data for Ireland and firming up the prospect inventory ready for announcement over the next 2-4 weeks. As much as shale is the hot topic, and myself included we are all desperate for some kind of reaction with this share, Hugh probably doesn’t give a sh#t what Union Jack, Egdon or whoever are doing or saying. He is staring at data telling him EOG has a 15% in possibly 100’s of millions of barrels of oil and we could be drilling one of these wells in 12 months time. Those who understand the scale of this will appreciate that this is bigger than shale, especially for the next 2-3 years. Once the news on Ireland starts flowing we will be rewarded I am sure. If I am honest, my only concern with EOG is not the company, but AIM as a trading platform. The caliber of investors is so poor. We could announce that we will drill one of our Ireland prospects next year, targeting a 300million barrel well and this SP would probably drop because the word shale wasn’t mentioned!
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