Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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We are close to commencing the farm-out process for licence EG-08 in Equatorial Guinea as we look to bring in a partner for drilling.
We secured a stake in EG-08 in Dec 23 and believe it has enormous near-term, infrastructure-led, exploration potential. #EOG
From Upstream:
Privately-owned Antler Global is set to fire-up a farm-out process this quarter to secure a partner to drill a key exploration well in Block E-08 offshore Equatorial Guinea that could host resources of about 1.4 trillion cubic feet of gas equivalent.
EOG own 42.9% interest in Antler.
Bobby thx for link does read well
Tovic , yes it does let’s see what happens
On reflection it could be a good thing? She might keep the girls in order??
@Bubble That's mouth watering!
Wouldn't it be wonderful if we finally got a farm in partner. That's approx. $600 M for Europa assuming 25% stake plus a few million in initial costs for work already done!
If only!
IMHO
Hydras: sell up then, that's assuming you hold.
I can't see EG, Ireland or Serenity going anywhere anytime soon. Waste of time and money. WH needs to rethink EOG strategy big time to save his job.
1.5TCF Of Gas potential $2.5 billion plus $0.6 billion valuation for inishkia west with medium/low risk it’s stacking up to be a potential J/vV with a big operator imho with Corib and Morecambe bay gas fields close to link too as options
Les good link thanks for posting
Https://www.europaoil.com/wp-content/uploads/2024/03/27th-March-Main-Stage-9.30-9.45-Jamie-White-Infrastructure-Led-Exploration.pdf
Interesting the 30hz interpretation already done on Inishkea West
Interesting appointment.
I suspect we are on the cusp of expanding our asset portfolio geological reach further. Again with an ILX focus. Time to deliver on a farm out Will.
They must be laughing all the way to the bank here while share price collapses
Very true - our only card to play is to vote directors out at each AGM as they come up for re election - my finger is hovering
Hope they achieve something, anything rather then relying on growth chart related to the cost of the board
A decade of failure
Europa must be raking it in?
Do we know how many barrels of oil are being produced now?
Lets have either:
1) share buy back
2) Tiny dividend.
3) both 1) and 2)!! My preferred.
IMHO
Knowing what she brings to the party; the issue will be what benefits she achieves. Another case of jam tomorrow. Enough sentiment to confirm the current BOD have not achieved benefit for a very long time.
Spot on, Tony. I hope they get good results from the tests - that Board could do with a break from all their resident derampers (and rampers for that matter!).
Europa are adding Directors & Union Jack Oil are adding wells - check out the chart to see which Investors prefer !
An explanation from Corporate Governance Rules as WH said (whether we like it or not)
“The board should be of an appropriate size. At least half the members of the board, excluding the chairman, should be independent non-executive directors. To ensure that power and information are not concentrated in one or two individuals, there should also be a strong executive representation on the board.”
What I find frustrating is we seem to be talking more about internal admin arrangements than progress made on assets - which should be the main focus at this time.
LOS it doesn’t make sense just makes share holders look like gullible fools, god help us.
Thanks, FD, I hadn’t realised that Capricorn used to be Cairn Energy - a better known name.
I’ve been invested in EOG since May 2006 in which time I have seen multiple Directors come and go. More than 800 million shares added. All this has resulted in the heavy share price decline all the way from 30p down to just under 1p. There have been multiple new licences obtained, many of which have been lost or left to expire. £7 million spent on Serenity which put a bloody big hole in the boat with such a high risk. Delay after delay at Wressle, time frames not met and the Irish sea feels like it’s been around for a decade. My question to EOG is why another appointment when our wage and running costs have no benefit to the shareholder. EOG directors have spent 18 years trying to get a return for investors and so far that’s 18 years of failure. When I say failure, I refer to the share price going from 30p down to 1p
Capricorn(Cairn) had a deal with Deltic Energy to E&P wells in the Southern NS. Capricorn pulled out last July on the basis the company was concentrating on Eygpt and other African Territories. They ( Capricorn) were abandoning the NS and have sold virtually all assets in UK waters.
Anyone here know anything about the new NED or Capricorn?