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I'm half with you there also VernetLes with regards to new Assets- who says that a new team would be any better than the existing Team on selecting and delivering on Assets (new or existing). The history of under performance if you look at the chart has gone back many years and multiple CEO's / BOD's.
On the existing proxy - are you planning to vote down any of the resolutions. I do like the idea of slashing SG&A - it would demonstrate more alignment with Shareholders. Simon Oddie has to go imo - the performance does not justify the expense.
Hi Tony,
I have changed my pov.
I am not happy with new assets being introduced and other unknowns.
Tain Serenity could be transformational to Eog.
Everyone needs to arrive at their own conclusions.
VernetLes,
I'm half with you there on WH - but what if @crushcutfluor says the proposed plan for trimming costs and refocusing the Company includes replacing a certain number of directors including WH?
Fwiw I do not support the removal of WH.
Courtesy tony on i3e board..
"Interesting to see that Serica picked up the licence for block 29/2a which contains the de-commissioned Kyle Field. Serica estimates it to have 9m bbl recoverable and is apparently considering developing via a tie-back to a nearby FSPO.
A unitized Tain / Serenity has closer to double 9m bbl recoverable which supports i3's assertion that there is potentially a commercial project here. Let see what happens"
About time this came back on stream and the fdp accelerated. Egdon were updating Broughton Town Council last night
Disappointing how this is working out atm
Hi Crush,
I have sent a working email to you.
HDT - send your email to Paul detailing your total EOG holding and he will email you all the required information.
Pboilcraft@gmail.com
Send email to Paul at pboilcraft@gmail.com
Ok, I'm a bit fed up myself with this company now. So on this protest how can I add my holding to the issues being discussed. (1.6M holding (not lots but it adds up). Who is the person organising this please?
If we land it then NSTA will surely grant Tain to us out of round.
Appologies - was not aware of this. So the block is called Tain North ?
Trove has Eog/i3e pencilled in for it.
Not Tain tony, the licence North of.
VernetLes,
My understanding is that they did not apply during the 33rd Round - It wasnt up for grabs then. If it happens - It will be outside of the Licencing Round and later.
Out today.
Tain North please i3/eog
The BOD should have listened, SO no doubt got 30,000 tax free and the rest. The problem is the level of salaries all around. The two new executive salaries are disproportionate as shown by GreyPanther's post. They will never vote themselves a pay cut. The remuneration committee took no notice
Silly man should have listened but I get the impression he is self obsessed, which in all fairness has served him very well?
I think what has happened is that SO 'resigned' on the basis of loss of office payout.
After last years AGM written by Daily Mail on Sunday
CITY WHISPERS: Shareholders take aim at oil firm's whole board - AIM-listed Europa Oil & Gas leaves annual meeting with a bloody nose
By FRANCESCA WASHTELL, FINANCIAL MAIL ON SUNDAY
UPDATED: 21:50, 10 December 2022
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Shareholder rebellions have been all too common this year.
Most of the time investors' ire is targeted at bumper pay packets, as in the recent revolts at Ocado, Marks & Spencer and Kier Group.
But AIM-listed Europa Oil & Gas, a £9million UK and North Sea energy group, last week left its annual meeting with a bloody nose after shareholders rebelled against all five members of its board.
All at sea: Europa Oil & Gas left its annual meeting with a bloody nose after shareholders rebelled against all five members of its board +2
All at sea: Europa Oil & Gas left its annual meeting with a bloody nose after shareholders rebelled against all five members of its board
A third of votes cast pushed back against chief executive Simon Oddie.
More than 26 per cent were against chairman Brian O'Cathain. It follows a disappointing result in October from a well drilled in the North Sea.
This halved Europa's share price. It is now trading close to a penny stock – far from the 3.55p it hit in February.
Only a minority of votes were cast – which is hardly an endorsement of the company's engagement with shareholders in itself.
Still, if it was on the main market, that would be enough to get it on the Investment Association's AGM naughty list.
As a bare minimum we need SO and SW out with retail representation on the board.
They only had to be sensible.
I suppose huge salaries that you don't do a lot for are worth defending?