Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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Someone give that man a snickers ffs.
Cheer up mate, the sun's out
Another can kicking meeting to give the same old, same old. What a waste of time and money. Obviously nothing at all positive or reals news to announce just a 5th time re-run of WH and wowee a new director!! To waste more money in salaries and unearned bonuses. What a joke this BOD are turning out to be. We need to sack the lot of them and sell the company ASAP.
Comforting to see were pinning our hopes on Sinn Fein - FFS!
M cap 8.5m gbp
Strip out 2.5m cash
Wressle plus , Ireland, Eq Guinea valued at 6.0m
One positive public comment from SF and it's game on for Inishkea West.
Free bar?
Let's hope Will has something to discuss at the upcoming investors meeting and not just the usual waffle
Ireland in 2022 imported 4 BCM of Natural-Gas via the Moffat pipeline courtesy of the UK.
The Corrib Natural-Gas field output is in decline mode.
The most recent reported information which I have read stated the percentage of production to national demand is 19 % percent.
Not to long ago this percentage was quoted by many sources as 25 % percent.
Quite possibly Irelands demand for imported Natural-Gas via the UK has increased.
Serif, agreed totally .
Also Greens got over 1/2 their seats the last time because SF pulled so many candidates at the last moment. That’s won’t happen this time . Also Interesting that the article appearing now as these things don’t happen by chance . Let’s hope common sense prevails for once .
Thanks for the summary Flombo. It’s always seemed a bit odd that Sinn Fein would be happy ideologically to be so dependent on British gas. But sure they won’t say much in public before an election as they will want to attract as many votes from the Green supporters as they can.
Correction. The last line should say “ oil and gas executives “ and Not “ oil and gas experts” . Bloody auto text!!
Most of it usual stuff , esp Ireland will be at the mercy of British Gas supply very soon.
Holland says we need €50m to start drilling , and hopes to be drilling by next summer. He says 1/3 chance of success
Other industry experts say 1/5 chance .
Nephin and Vermilion are obviously candidates.
Probably the most interesting in the end of the article . Sinn Fein have been meeting oil and gas experts throughout the last year ,according to industry sources . “ behind closed door soundings have been receptive”
Running on Empty
The Article is very informative.
UK subscribers £0.99 each month for 3 months.
Https://www.thetimes.co.uk/article/are-irelands-gas-resources-running-on-empty-s9kmrl83b
From Tommy241 on the other board:-
Anyone have a subscription?
Https://www.thetimes.co.uk/article/are-irelands-gas-resources-running-on-empty-s9kmrl83b
Irish times reporting that the vermilion case has been admitted to the fast-track commercial division of the High Court.
The court heard that in particular there was a development in the last couple of weeks whereby a challenge to the tax in Belgium has been referred to the Court of Justice of the European Union (CJEU).
Vermilion is seeking a declaration that the regulation bringing in the windfall tax is invalid and also seeking the return of some €98 million it has paid in the tax despite recording losses since 2016, the first full year of production from Corrib.
If successful, maybe use some of it to fund eog and use their existing infrastructure.
Serif, your one of the best posters on this board keep up the good work my friend
Gerry - Looks to me that WH is buying roughly every 2 months - so next purchase probably June on this pattern. Would be nice to see one of the new NEDs buy some as it would indicate they liked what they saw (as well as the NED remuneration!)
Not too sure of the rules Hydras but I would have thought that if the Directors received a bid, even a hostile bid, then they would have to inform the Shareholders even if they might lose their lucrative jobs.
One wonders why any of them are not buying shares at the current level.
Is it because:-
A:they are not allowed to at the moment, or is it
B:that they haven't any confidence in their ability to achieve anything positive?
Itsawrap, if UJO do bid for or merge with EOG, then the whole of the EOG management team would have to go. I also believe that, for UJO to be involved at all with EOG, then EG project would be sold off and Serenity and Ireland hived off to the highest bidder , to build up capital for the expansion of the USA venture if Andrew 1-17 is a successful. Doubt that EOG Directors will want to leave their fat salaries so IMHO it is very unlikely to happen.
I wonder if Europa will "do a Bramhill" and follow UJO into the US market, anything to create some interest in this company and to find another income stream. UJOs finals are out later this month so we should have some transparency on how successful the foray into the US market is / has been. If the US proves to be a great success, perhaps UJO could make a bid for Europa, cash & the 6.3m Treasury shares.
EOG Directors starting to see some sense at last. Today's decision shows the Directors are starting to move away from the UK's ultra expensive, over regulated and very risky oil and gas development projects which are only for the extremely rich, big oil companies. Directors will hopefully now look at more tangible, near term return developments with little risk involved to ensure the companies Wressle revenue stream, when it degrades in the next couple of years , can be easily maintained or improved. Earn your big fat salaries Directors and invest the revenue from the Wressle cash cow very wisely. Investors obviously need to see some return with a growth in the sp or dividends or BB. otherwise the company will sink. Change direction and strategy and cut the management costs and the sp will start to grow . Try it !!
@Aimshame. I thought your summary last week of situation was well measured and to the point - pretty much agreed with all that you said then - if perhaps a little more hopeful on Ireland.