Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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@Serif You are absolutely right best to travel in hope.
Europa has realised that investing in the UK is a waste of time which is a very good thing.
Red Tape and hypocrisy in the UK and indeed Europe has killed the local oil and gas industry.
The irony being it seems to make everyone in Europe happy to use imported oil/gas produced in the US and Saudi feel better and that they are saving the world by doing so?
IMHO
Tovoc. Holding your breath here would be a death wish - even if they are on to something it’s such a laborious process. Still it’s the nature of this type of investment that nothing happens, nothing happens until one finally does - and I’d rather travel in hope than despair!.Life is too short - although I agree that at times it can feel like a life sentence here!
@Serif "Could we have found a licence that someone else might be interested in?"
This has been the history of Europa, "could we", "maybe", "if only"....
Europa is the story of great potential with unfulfilled dreams! With Wreslle being the most wonderful exception that keeps the lights on and more.
I wouldn't hold your breath until something tangible actually HITS!
IMHO
Mmm 'politically stable'.
Equatorial Guinea: politically stable in the manner of North Korea.
Ireland: effectively run by dope smoking greens so deluded by net zero that they avoid the issue: gobbling up Methane from the interconnector and at grave risk of being suckered into an LNG terminal with a decades long supply contract.
The UK: on the cusp of a woke crypto communist government who with TAX THE PANTS off the O&G industry to pay for welfare and detached homes for the various tribes that pitch up here.
That said, the first two geographies do have potential.
Nice one, BobbyB. I think that they said the analysis of EQ was half complete at the end of March session, so I suspect further news on what else is on the Licence can’t be far away - maybe this has determined date of next knees up at the pub. Could we actually have found a licence that someone else might be interested in?
Remember when this was 3p and everyone was saying that was a good price to get in
How about a Marathon?
https://x.com/europaoilandgas/status/1787789437650227439?s=46&t=yb4bY8lQ32WiMrlMFx8_yQ
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