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I agree, Aimshame. We seem to be waiting an eternity for news - but then waiting always seems to take forever. In the meantime I think we should remain alert to those seeking to take advantage of current sentiment by trying to take the SP down further. A 2 million broken up "sell" this morning within less than 4 minutes, could be a lth selling out or it could be shorting supported by some helpful deramping. Only good thing about shorting is that if we do get some positive news it might lead to a larger rebound if people are forced to cover their shorts. But that rests with WH to deliver progress.
I think the posts today show frustration all around. The BOD really need to understand that people wont support £360,000+ salaries/benefits if the share price doesn't start to show a significant improvement.
As serif said, consultation ends 21st May - so far (I hope I dont jinx it), not a single objection from households, just archaeology and wildlife concerns.
This is what Egdon said to the community group "Following the conclusion of the statutory consultation period (10th May), Egdon hopes to receive planning consent by 17th June. The next phase of drilling could start in Q1 of 2025" - not sure why they said 10/05 when the application says 21/05 ?
Yes Tony, there are some pretty dopy posters here:
For example:- your last paragraph on the post at 19.01 on the 13th May takes the biscuit!
“The fact was that Paul Barret did not have the correct paperwork to call the meeting (despite what a few here claimed ) and i3e might well have been perfectly justified in rejecting the request. These shareholder meetings cost money and if Will Holland already had a majority of shareholders on board - why would he agree to a meeting which was not legally requested and was only supported by a few left wing, tree hugging Greta Thunberg fans !”
What i3e have to do with it I have no idea; it always pays to re-read your post before sending it Tony.
Good to see that you have stopped insulting Paul and at least you have tried to remember his surname even though you have spelt it incorrectly; it is Barrett.
But come on Tony, do you honestly think that a “few left wing, tree hugging Greta Thunberg fans “ would invest their hard earned money in an Oil & Gas Company?
I’m one of the shareholders who supported Paul, so I suppose you are referring to me as well as others who post on here. For your information Tony, my politics are as diametrically opposite to Greta Thunberg and all that she stands for as could possibly be and which now apparently includes her taking sides with Hamas. What a stupid unfounded thing to say, I thought that you were better than that Tony, just goes to show how wrong one can be.
Would be nice to see some sort of dividend or share buy back imho
Yes, we do have good cashflow, that's true, but we don't see any benefit. Not like over the road at UJO, where they have just dividended out £250,000 to shareholders (my maths may not be correct). We could do with some reward for loyalty here as well.
Just to remind everyone, amongst all the negativity, that our main asset of current value was still producing over 500 BOPD gross as of end of March, based on the latest data we have - so should have plenty of life in it still. Wressle consultation ends this month and despite serious, but easily resolved objections (Historic England) and irrelevant objections (Bird Trust) is more than likely to proceed with local support, hopefully with drilling H1 next year.
Unfortunately this committee is dominated by by those with a green agenda . The green Leddin is the chairperson,but it also has whitmore and Boylan ,all climate extremists .
Lol. You insult people and then use a different account to say your own post “ was quiet reasonable “
Do the honourable thing now ,” dopey” and disappear for a while .
From Private Tesla over on PRD:
"The Joint Committee on Environment and Climate Action will meet tomorrow, Tuesday, 14 May, to discuss the finalisation of the draft National Energy and Climate Plan (NECP) and national Long term Strategy (nLTS)."
This should also finalise their approach on energy security and the role natural gas will play in that.
https://www.oireachtas.ie/en/press-centre/press-releases/20240513-joint-committee-on-environment-and-climate-action-to-discuss-draft-national-energy-and-climate-plan-and-national-long-term-strategy/
However frustrated - don't believe that any holder recommends strong sell - that just plays into the hands of anyone hoping to short the share further. Someone is still making those large round figure sells - and as others have said there are not many holders here who are willing to sell at this price.
Share price has dropped 20% in the last month and it is on an accelerating decline. It is now May, so in reality I don't see anything positive on these projects coming out until September, when we may be closer to 0.5p. Nothing in the portfolio is in the gift of management to generate news. The whole portfolio relies on outside parties performing. When they went after a project to drill themselves it was a total flop. Track record is lamentable, hence the share price. Tony can feel persecuted because he thinks we should be able to call an EGM ,but honestly, for what purpose? Everything is stacked up against shareholders and the management are sitting pretty at the top end of the pay scale. Maybe 'proven oil finder' Eleanor can turn the ship around, but as a independent non-exec, she will just be there to make sure the management get their pay rises and bonuses approved on the AIM gravy train.
Thats correct Flombo10 - no agenda's just facts and i've back it up. It wasnt even negative against Europa but you seem to be the kind of poster who objects to any post that is not a downright ramp and resort to calling out others for "ranting".
Anyway - you had said you had blocked me - why are you responding - do yourself a favour and go back onto ignore !
I was asked by someone here to post the response from HL when I recieved (for Dopeys information
So you asked yourself whether you should post it ?
It is my twin Serif - its an account I set up when I was temporarily blocked out on my phone - not sure how I posted from it as i've not used it for some time. Anyway - facts are the facts - ive posted the links !
Twin brother here, Tony?
"Can't see that the EGM argument is going anywhere, as its widely agreed to be a grey area in the law"
Personally i'm not sure it is a grey area - Europa rejected the requisition because it was not signed by the legal entity owning the shares. The fact that some other companies accepted the beneficial ownership certificates does not mean Europa's legal opinion was incorrect. See copy of Europas letter below confirming reason for rejection - Aimshame still owes me an apology for spreading this apparent "untruth"
See copy of the requistion format below from HL along with their email message below in inverted commas:
"Re: Europa Oil & Gas AGM voting instructions - 01 Nov 2023 - 04 Dec 2023 - 02 Apr 2024
Dear Mr Norstrom
Thank you for your enquiry and please accept my apologies for the delayed response.
I hope this message finds you well, please also accept our delay in this.
Please find attached our requisition form please could you to complete the table attached and send this back to us in order for us to get this form signed.
Please open the document on a computer/laptop as this will not work on the App.
If you have any other questions, please let us know.
Kind regards
Christine Keay
Corporate Actions"
https://1drv.ms/b/c/0c8247dcfb29aa84/EbGU9UIAf4pNt_vax7lx0-QBD0jhIYzhOQ1GmJ_iKk13bA?e=dev8WK
https://1drv.ms/b/c/0c8247dcfb29aa84/ETZX_3NGaXhLl8aWvYBPlCoBpds8bYs-T5_wgn6fiMaufA?e=Znk70D
So it appears that HL are prepared to sign an "AGM" requisition. So to repeat again for the benefit of the one or two that are slow on the uptake here - i'm not suggesting that it be done now, it was just a follow on post to my earlier one a month or so back. I was asked by someone here to post the response from HL when I recieved (for Dopeys information).
Its a good to know in anycase for shareholders generally that may hold other shares where they might want to hold BOD's to account.
Agreed G. This is an investment decision. They make a call and get it wrong, then they should take the consequences. We make an investment decision and get it wrong, we take the consequences.
Can't see that the EGM argument is going anywhere, as its widely agreed to be a grey area in the law (thats why Aimshame is right to be campaigning to get it changed) - so because its grey those who wanted the EGM feel they were wrongly and illegally deprived of one, and those that thought in view of the AGM vote it was going to fail, will think the company acted sensibly and appropriately if they were not legally required to call a vote of confidence in themselves. No amount of arguing over the legal niceties is going to resolve a grey area or I suspect change anyone's opinion at this stage. The fact that it keeps coming up partly shows how angry people were at the time, but is mainly happening because the company is providing absolutely no evidence of progress at this stage about which we could talk more usefully. I sincerely hope that they are making good progress and all will be revealed soon - but we have gone for 5 months now without meaningful progress updates which is partly why the SP is down and we are attracting derampers.
We invested in a company, not lets feel sorry for will and support Simon oddies lifestye.
I am writing further to your recent complaint regarding a request made to HL to arrange a shareholder meeting with Europa Oil & Gas Holdings. As you feel that HL should be doing more to assist you in arranging this meeting, your concerns have been treated as a formal complaint.
We want to provide, and as our clients rightfully expect, the very highest standards of service and I’m sorry we’ve fallen short of your expectations in this instance.
I appreciate that a letter has been sent by a Team Leader on our Helpdesk, with fear of repeating information you are already aware of, I will provide the reasons why HL is unable to get involved in such a matter.
As you may be aware, HL offers what is known as an execution only service. This means that whilst we provide you with the platform to purchase investments and hold these in nominee form, we are unable to apply any pressure to a company to host a meeting, even if this
request is on your behalf.
Holding an investment in nominee form as is the case with each security you own with HL means that the company register will displayHargreaves Lansdown Asset Management on their records. The shares held will be the total amount
of that stock which all HL clients hold
in that position. We therefore keep our own records showing the amount of shares each client owns with us.
Whilst HL effectively holds the stock in trust for you, we can issue documentation, signed by a relevant signatory at HL which evidences your ownership. As this is an industry standard practice, companies should accept this documentation as sufficient evidence to prove your investment in the company. Whilst I am unsure why Europa Oil & Gas Holdings are unwilling to accept this; HL has provided the same documentation to other clients with different holdings which hasn’t previously posed any issue.
Whilst we would like to be able to assist you further in this matter, HL is limited as to how involved we can get in such a situation. Any letter written by us would effectively be on behalf of every HL client who owns this position, and it is not within our remit to contact the company on your behalf. As our service is purely execution only, we are happy to provide you with the assistance in how to complete an action such as arrange a meeting independently, however, we are not able to contact a company to arrange this on your behalf.
I appreciate how frustrating this must be, especially when the company has requested you to have HL contact them directly. It is disappointing for me to see the time you have spent on this matter; however, HL has provided you with the correct documentation which displays your ownership, and this should be sufficient for you to vote in favour of/ call a meeting with the company.
Whilst we wouldn’t be able to provide any further guidance on this matter, from the internal discussions I have had on this matter, it does
seem that the company in question should be able to accept the documents provided to date. As per our previous letter, if Europa Oil &
Gas can provide you with a template, they would like us to sign, we would be happy to do so. It must be clear on this template that it is not
HL calling for the meeting on behalf of all shareholders with HL but is providing you the authority to act on your own holding in the
company.
However, if you are not satisfied with the outcome of your complaint and do not think that contacting me will help, you have the right to
refer your complaint to the Financial Ombudsman Service, free of charge – but you must do so within six months of the date of this email.
If you do not refer your complaint in time, the Ombudsman will not have our permission to consider your complaint and so will only be able
to do so in very limited circumstances. For example, if the Ombudsman believes that the delay was as a result of exceptional
circumstances. The following link gives you further information.
http://www.financial-ombudsman.org.uk/publications/consumer-leaflet.htm Full details about the Financial Ombudsman Service are
available at www.financialombudsman.org.uk
Yours sincerely
Max Foster
Client Services Manager
Hargreaves Lansdown
I thought it was a reasonable post - I guess some people are not happy unless you big it up all the time ! Management have a lot to prove here.
I have blocked your ill manners rantings .
Flambino - I dont care what you are tired of - take a hike - its not up to you to control the narrative and tell others what they can post so I suggest that you button it. There were many posters on this BB who were extremely upset that Europa "apparently" ignored the will of bone a fide shareholders.
And for balance I said "apparently" recognising that if Will Holland had the backing of the majority of shareholders then he probably made the right decision to refuse the request.
Aimshame:
"I don't think you will ever believe anyone but yourself. If I could upload the letter, I would gladly do so and maybe you would actually acknowledge that you could be wrong but I doubt that would happen."
- how very convenient for you that you cannot post the link - there are many simple ways to do it and if your unwilling to do it you should not accuse people of peddling untruths and should appologize for making false accusations. Why should I acknowledge anything when you are not prepared / unwilling to back up what you say - I am ! Appologize - have you no shame !
I am tired of you constantly mentioning it . Change the record . I have built up a nice stake in this company , thanks to our mysterious seller and don’t want it messed up by a jack ass fool like you with your little games and hidden agenda.