The question of continuing the drill bit at Kiln to explore unconventional plays was put to the company at the last Proactive presentation. HM basically said they would be doing this. I know this company are not the best at singing and dancing about their assets and the PR feed leaves a lot to be desired. That said, their not daft. They avoid jumping on the band wagon with Shale as I imagine we could do without the baggage that can follows this type of play.....at the moment that is
My guess is they will explore exactly what the potential is then sell it or really great farm out terms.
Bo is William Ahlafeldt's brother in law, so a bit of an insider to say the least. I met him briefly last year at ProActive and he didn't seem too happy, but I guess having the opportunity to pick up shares at 6p changed his mind!
I agree 100%, particularly with the sentence on testing the unconventional in PEDL 181. They will run out of time if they are not careful. That licence could be quite valuable but the BOD seem to be afraid of the unconventional. Maybe that is why there are no new ventures.
hi - yes there is a lot in what you say. The BOD has done itself no favours. Company makers are only that when they realise their potential and if Paul is successful he will have to continue the work that has been done or change it in his own way. I remember Paul when he was with us and when he left. I still think that despite personalities EOG have great potential and i think that they will have their day. The funding will bring them a step further and until then we can wait or vote with our feet. I am in for at least the next year.
toilet humour is such fun LOL Seriously though i have been in EOG for yonks and can tell any newcomers that EOG in my opinion have a way of progressing the company money makers. They could focus all effort and funds ( if they have any at the time LOL) iinto one of the' company makers'. Instead they apply a lateral approach of moving the company forward as if lining its ducks into a row. EOG in my view - is a pencil that is being carefully sharpened and went the ducks are lined up - we will be explosive. Until then AIM is a cruel place to trade and if you are not visibly increasing your income, you will be out of the spot light. Yes the BOD could be more informative, yes they finance option taken has diluted the s.p. but the fundamentals remain. GL all EOGers
Some information & background if you search for him on Google - looks to own an investment company (although DYOR), either way promising, that one party is taking up decent positions in the EOG showing potential confidence in our 2014 prospects.
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