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Si's probably still looking??
An impressive presentation for Inegane, let’s hope that those that matter are impressed also, thanks mrbobbybee. GLA.
General conception on here is that they've probably missed the boat with the rising oil price as its gone very quiet lately on that subject.
Not a follower of twitter but this was posted yesterday so perhaps news not too far away.
https://twitter.com/davethedrill1/status/1466052565020327939
Also Morocco presentation now available.
Https://www.europaoil.com/wp-content/uploads/2021/12/Inezgane-Morocco-Prospex-2021-Nov-25th-EOG-Website.pdf
Anyone any idea what this might be?
“ As previously stated, we are looking to add a third leg to the business which may include late stage appraisal and development ventures. To this end, we are currently evaluating a number of potential opportunities and I look forward to updating the market on developments.”
Whilst Wressle delivers cash they only had £600k at 31/7 so the coffers are perhaps not quite overflowing yet, after costs of the PS and overheads can’t be more than £1mm in cash I suspect, and presume any opportunity probably won’t involve much cash.
It just feels hopeless here. Where are the final production results from wressle? These directors ARE NOT EARNING THEIR MONEY. Don’t care about excuses just improve the share price!
Has Simon gone away for Christmas already or has he sold it and is keeping us in suspense??
All this news, could you imagine if a company had assets adjacent to Corrib??
Irish Government policy statement below. Let’s hope it’s just the start of some refreshing realism in the debate.
https://www.gov.ie/en/press-release/def33-minister-ryan-publishes-new-government-policy-statement-to-ensure-security-of-electricity-supply-to-24-million-homes-and-businesses-throughout-ireland/
"their aim is to destroy everything that we have spent generations building "
Why?
Surely that's bad for business.
This insanity ends as soon as the people of Ireland and the UK (because the same is happening here) stand up and say enough is enough and get VERY vocal about it. The Globalist elites have their fingers in every pie and are stuffing themselves with OUR money. I presume you have noticed this, their aim is to destroy everything that we have spent generations building - you will have nothing and be happy. All of Parliament / Councillors have their fingers in the same pies to ensure that fuel prices are so high that no small or medium sized business can survive. Time to stand up and make our voices heard above the minority that want to run our lives.
UK Oil & Gas Authority seems to be a lot more sane than the Irish equivalent. Transition to renewables is not going to happen overnight, it will take a fair number of years.
Posted by Swizz on the PVR board this morning.
FURTHER NORTH SEA EXPLORATION VITAL: OGA
Exploration and production of oil and gas in the UK North Sea must continue if the country continues to meet its energy needs and ensure a successful transition to net zero, the chairman of upstream regulator Oil and Gas Authority (OGA), Tim Eggar, said on November 24.
Oil and gas today accounts for UK energy consumption, and the independent Climate Change Committee forecasts that they will continue to be needed for the country's heat, power and transport needs for the foreseeable future.
"If we need to be reminded of their importance to daily life, we only have to look back a matter of weeks, when we saw long queues at petrol stations and a gas crisis which brought the prospect of higher gas bills for millions of consumers," Eggar said at a conference in London.
Excellent find, thanks Porkpies.
Sanity will in the end prevail IMO … it is insane to be bringing gas from the other side of the planet when you have gas in your own back yard. Strange that this policy comes from a person that claims to be an environmentalist!
Not exploiting their own gas reserves Ireland is doing more harm to the environment whilst people are paying a lot more for the gas. How long can this insane situation last?
Excellent news. For me this puts Inishkea and edge back in play..
Great to have Irish Gov finally accepting the need for more gas for decades in the transition and once the power stations are built they are going to need the gas to run them. So now it’s just a question of how long can they pretend that sourcing it outside Ireland is better for the environment. It may not be this minister who faces up to the issue but someone will eventually do the sums about how to reduce the global impact.
Good find porkpies..
https://www.breakingnews.ie/ireland/ireland-set-to-build-new-gas-fired-power-plants-to-bridge-gap-towards-renewables-1221187.html
news. energy security policy
Ireland/Eamon Ryan set to give go ahead to build 7 new gas power stations over the next 10 years