Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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1.5TCF Of Gas potential $2.5 billion plus $0.6 billion valuation for inishkia west with medium/low risk it’s stacking up to be a potential J/vV with a big operator imho with Corib and Morecambe bay gas fields close to link too as options
Les good link thanks for posting
Https://www.europaoil.com/wp-content/uploads/2024/03/27th-March-Main-Stage-9.30-9.45-Jamie-White-Infrastructure-Led-Exploration.pdf
Interesting the 30hz interpretation already done on Inishkea West
Interesting appointment.
I suspect we are on the cusp of expanding our asset portfolio geological reach further. Again with an ILX focus. Time to deliver on a farm out Will.
They must be laughing all the way to the bank here while share price collapses
Very true - our only card to play is to vote directors out at each AGM as they come up for re election - my finger is hovering
Hope they achieve something, anything rather then relying on growth chart related to the cost of the board
A decade of failure
Europa must be raking it in?
Do we know how many barrels of oil are being produced now?
Lets have either:
1) share buy back
2) Tiny dividend.
3) both 1) and 2)!! My preferred.
IMHO
Knowing what she brings to the party; the issue will be what benefits she achieves. Another case of jam tomorrow. Enough sentiment to confirm the current BOD have not achieved benefit for a very long time.
Spot on, Tony. I hope they get good results from the tests - that Board could do with a break from all their resident derampers (and rampers for that matter!).
Europa are adding Directors & Union Jack Oil are adding wells - check out the chart to see which Investors prefer !
An explanation from Corporate Governance Rules as WH said (whether we like it or not)
“The board should be of an appropriate size. At least half the members of the board, excluding the chairman, should be independent non-executive directors. To ensure that power and information are not concentrated in one or two individuals, there should also be a strong executive representation on the board.”
What I find frustrating is we seem to be talking more about internal admin arrangements than progress made on assets - which should be the main focus at this time.
LOS it doesn’t make sense just makes share holders look like gullible fools, god help us.
Thanks, FD, I hadn’t realised that Capricorn used to be Cairn Energy - a better known name.
I’ve been invested in EOG since May 2006 in which time I have seen multiple Directors come and go. More than 800 million shares added. All this has resulted in the heavy share price decline all the way from 30p down to just under 1p. There have been multiple new licences obtained, many of which have been lost or left to expire. £7 million spent on Serenity which put a bloody big hole in the boat with such a high risk. Delay after delay at Wressle, time frames not met and the Irish sea feels like it’s been around for a decade. My question to EOG is why another appointment when our wage and running costs have no benefit to the shareholder. EOG directors have spent 18 years trying to get a return for investors and so far that’s 18 years of failure. When I say failure, I refer to the share price going from 30p down to 1p
Capricorn(Cairn) had a deal with Deltic Energy to E&P wells in the Southern NS. Capricorn pulled out last July on the basis the company was concentrating on Eygpt and other African Territories. They ( Capricorn) were abandoning the NS and have sold virtually all assets in UK waters.
Anyone here know anything about the new NED or Capricorn?
I hope she realizes she is working for the shareholders and the simple fact is the share price needs to rise, not their remuneration.
My thoughts exactly
I agree E.G and Inniskea still blue sky.Disappointed there is nothing to add on Cloughton which is supposed to he a (the only) project in EOG control..and EOG may have had the money to develop if their rhetoric was truthful..Only thing on horizon now is Wressle Pennistone and gas planning application..I don't hold for the blue sky . They just seem a waste of money at the moment but maybe luck will change later this year..next year ?? Who can get the BOD working for us.
I fully agree Aimshame, the present BOD have more than enough time and spent more than enough money on useless, none cash generating, pie-in-the sky, over the rainbow type, ultra high risk investments which are not in the same league as EOG financially. They have to change strategy big time and take a leaf out of UJO book and go for far less risky, very near term cash generation which will provide real revenue returns within months rather than chasing blockbuster projects which take years and years to get off the ground at a massive cost . They have now wasted well over £7 million of the Wressle money on Serenity and EG and Ireland with not a hope in hell of getting any return on these stranded useless assets in the next 5 years, which may look good on paper but no one seems to want? Learn a lesson EOG BOD, invest in something that will provide a concrete return on your investment near term or get into bed with or merge with a larger oiler who can afford to develop the asset rights that are held by EOG. Present strategies are NOT working and soon the company will run out of cash as Wressle will not last forever!! WH watch out at next AGM.
The share price is once again 1p and less if you want to sell. I still think a merger is the best outcome but in any case, the BOD need to start generating some interest to get this share price up. If this level is maintained to next AGM, I don't think the BOD will survive
@Flombo let’s hope so on Ireland. Also I haven’t seen anything yet to suggest that EQ won’t pay off - as Aimshame flagged up earlier others are taking up licences in the area, so the interest is clear. As for Wressle - I think some were on UJO last week predicting dire results for January’s flowrates until they turned out fine on the NSTA results that Itsawrap provided for us. So I am happy to wait and see how accurate GC predictions are - Wressle has usually surprised to the upside so far.
Thanks for your inspiring thoughts for the weekend .Myself , personally, I am optimistic about Ireland , I sense a subtle political change on natural gas