Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I agree, definitely looks progressive for Europa. It's a job that can be done, given time and has been done by Angus energy with there saltfleetby site. It could well take a couple of years though and about £20M costs (£8M to Europa, hopefully funded from cash & wressle), depending on planning etc and distance to grid. Angus has 2 compressors doing about 10m gas units now where as Eog suggest 6m so definitely 1 compressor with a back up soon after should do it (suppose depends on size of compressor) along with all the other equipment needed.
All in all, its good news, it's not going to be instant success in a few weeks, but indeed its news and progress and looks great along with Inishkea potential and Serenity updates hopefully before 2024. Fingers crossed that this could be a second Wressle value producing asset.
It would be nice to have more than 40% eventually, but let's get it going.
Need to look into Cloughton in more detail, but looks like a very sensible way to increase our active development base without splurging a lot of money on a new farm in. Good to see that they are moving to exploit current assets and targeting gas.
News has arrived !! Great RNS.
Every year is going to be a big year here at EOG. Always much promise, but alas never so. its hard to percieve what these people actually do all day isnt it. But they must be worth it, look what they pay themselves.
True, perhaps he’s privy to news us peasants only get after the event??
Very poor on reporting any news imho ,still here just
Not many companies I've ever invested in where an ex director lumps in another 150k.
Especially a junior O & G company.
I have been investing in AIM oilers for 5 years, I have learn that RNS announcements are little more than company wish-lists, they all play fast & loose with reality, events rarely happen within the first time-line given, CEOs have more spin than a ballerina. 5 years ago I didnt know what people meant by a life-style company, what an education!
They've always been atrocious with investor news, in fact I don’t know what they are good at really??
I sunk my money in for the Irish assets, and then the farm in at the time (so long ago I’ve forgotten their name) fell out of bed. Since then it’s been steadily downhill.
As for Simon don’t get me started.
I still think there’s a chance though, hopefully.
2023 was supposed to be a big year for EOG. 3 news wells to drilled (I have not seen any planning for this yet). WH quoted hopefully news on serenity in early 2023 / WH also said in an interview hopefully a farm out on Inishkea within 6 months / end of the second quarter. BO said hopefully news on Inishkea by September / end of 3rd quarter. We are now end of July, seven months have passed and we have nothing, not even the new CPR which I am sure was quoted as being release before now.
Need to get these drills turning get this gas out and in storage imho we will be relying too much on others to supply our country before long imho
Chance before end of week I think
Suppose it’s always possible it will conclude the same as the previous 2 CPRs and say we ran out of oil a couple of months ago! Whatever it says, it is going to inform planning application for the next drilling steps - which is why they just need to get it out and move on. Oil and gas out the ground is better than any report on hypotheticals.
Is it possible the cpr won’t be in our favour?
Not sure how long they need to mull over the CPR, perhaps one of the key players is or has been on holiday?
Also still quietly waiting,....used to that,....at present, we are still underwater with our EOG shareholdings,....with the right news, that could change quickly, (IMO).
BW
I suspect the CPR has been released to the directors of each company, (this was expected to have happened over two weeks ago).
I was hoping that once the CPR is released to the directors we would see a bounce as news steadily leaks out.
Maybe this is what has happening now!
IMHO
Anyone suspect the CPR is being held back until the EDR takeover is done! Would think, It could put a spanner in the works either way, if it's a big surprise!
Indeed a big buy there
I can’t deny when I see a sensible buy I hope someone knows something?
Rather than these silly £7 trades that you often see.
Someone else clearly like the look of this at the current price with a £25k buy.
1.8 mill there dai....at 1.40
Good read, 11 million tons from the US, I wonder how many ships were used to deliver that lot?
Https://oilprice.com/Energy/Crude-Oil/UK-Energy-Minister-We-Will-Produce-100-Of-North-Sea-Oil-And-Gas.html
Ireland need to follow suit; for exactly the same reasons!
IMHO
Yep still waiting