Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
The data room has now been open 4 weeks and with people not only having an immediate interest, but knocking at the door a month prior (stated in an interview interested parties contact the company in June). 4 weeks in, if the data is as good as we are told, things will be happpening behind the scenes and we could get that ground breaking RNS anytime IMO
Looks like some people are not prepared to put their faith in North Linc Councillors making the right choice this afternoon, don’t know why!!
Never a guarantee but you would hope that the extension is passed this afternoon, then looking back at historic price movements around council meetings, we should break 5p today if successful. Could be a nice little earner with the drop this morning if you are prepared to put your faith in common sense prevailing……
Good find Jus, very positive article!
I too believe Farmouts won’t be an issue and I do think they will be sooner rather than later, especially the Slyne next to Corrib. I have no technical experience with O&G, I have no idea what I am looking at when they show these 3D seismic images etc, but when you look at the difference in Hughs last interview in terms of confidence and the fact he gave running commentary on interest, I believe the next few months or so will bring some much needed high impact news.
If you read the farmout brochure, theY confidently say offers will close in Oct, basically saying form an orderly que and don’t hang around with your bid. They also state their expectations, full carry, equity share of full back costs and firm well commitment.
So we thought the Kosmos deal was good, these next farmouts will give us that ultimate prize of a firm well commitment, not years of seismic acquiring and reprocessing. Been a long few years while EOG have been squirrelled away doing the technical due diligence, but if they have produced the goods which Hugh’s beaming smiles say they have, we are in for fireworks.
What is it, 14 days since the data room opened which had immediate interest…… Hugh made a point of saying farmout deals have been done within 18 days of opening data rooms, if interest is there like they say, and the reprocessed data is as conclusive as they say, any day now potentially!!
All that and in between we should get the planners recommendations for Wressle and updates on Holmwood…..
The way I see it, they accepted all the other parts of the TMP, so if we remove the blocker what can they refuse for? Straight away I can hear everyone saying they will think of something and they probably will. At which point hopefully EOG or our over paid consultants are making serious threats of legal action behind the scenes to these corrupt councillors to hopefully force some common sense...
If you remember the only reason the TMP was originally rejected was due to the holding area permissions. This has gone back and forth for that long with each suggested location being hounded to refuse that seems they have decided to dictate the situation and remove this altogether. Sounds good to me
What you talking about you muppet, extended license until 2020, not delayed until 2020! Removal of the need for a HGV holding area, that was one of the main blockers for the TMP so this is good news!
https://m.youtube.com/watch?feature=youtu.be&v=sBKnuCi17cs This latest vid from Hugh is definitely his most bullish and if you have followed EOG for a while you will find this interview very exciting. He is quoting potential time frames for farmouts, eluding to between 18 and 90 days to complete. There has been immediate interest he says. Hugh doesn’t hype things usually, he certainly doesn’t give running commentary! he usually says the bare minimum so as to not over excite and create a rod for his back. Different this time, I believe these elusive farmouts are on the horizon!
Jus and others like myself were trying to understand why there had been no director buys and inside information seemed the more logical explanation as opposed to not wanting to. For all we know they could have been close to a deal on another venture which never materialised so it was a closed period but not any more. We know they have been exploring other areas of interest. We have had many of these ‘close but no cigar deals’ in the past which Hugh has eluded to on many occasions. This could have been one of them. You always target Jusmasel whenever he puts his slant on things, both this board and ADVFN. Almost to the point you would rather he be wrong and it be negative to EOG so you can say told you so which is strange as you are clearly holding this stock. I and many others are grateful of his theories or take on the current goings on, because unlike rampers, his research and I understanding is second to none
Thanks Genghis for feedback regarding yesterday’s event. So you already have a small holding here, big question is then, after what you witnessed yesterday, did you feel the urge to buy anymore or just watch and sit on current holding? Was yesterday just the same old? Train leaving the station, moving the needle, home runs etc etc? Did any of our new dirctors pitch in?
Hopefully our new directors will earn their crust today at the oil conference event www.oilcapital.com/conferences Sell the dream, build the hype, get us on the right peoples radars and then hopefully we will see some strong buying over the next few days and weeks leading into news
Finncap have upped their estimate on little old EOG to 55p following yesterday’s upgrade in Ireland, now wouldn’t that be nice! http://www.proactiveinvestors.co.uk/companies/news/198247/europa-oil-gas-shares-rise-as-firm-reveals-major-resource-upgrade-for-irish-exploration-venture-198247.html?utm_source=Sign-Up.to&utm_medium=email&utm_campaign=7163-376814-PROACTIVITY%3A+UK+taxpayer+sells+%A32.5bn+of+Royal+Bank+of+Scotland+shares
Seems we have landed on a few people’s radar at long last. Won’t last if we don’t keep news/interest/excitement going. Hoping for a few more days of rise towards 6p as people digest the potential outlined in today’s RNS. Hoping the new boys are working hard behind the scenes drumming up interest too. EOG are presenting next week at this event which sounds good http://www.oilcapital.com/conferences Oil Capital is the leading investor conference that unites the City’s Oil investors with management from some of the most exciting and fastest-growing oil & gas companies. Oil Capital is now firmly established as the largest oil & gas investor conference in the UK and is hosted at: The Brewery (52 Chiswell St, EC1Y 4SD). Oil Capital is institutionally focussed and is aimed at asset managers, private client brokers, family offices, and wealth managers. It is also open to the high net worth community.
corrib, corrib, corrib! He can’t help but get back to and discuss corrib even when announcing 3b of oil potential in Porcupine. Stacking up very nicely here, wrestle FDP due to be submitted this month, vermillion deal due to be ratified any day, farm outs...
We just needed a little nudge to get this moving, very quickly 6p plus here IMO When the Vermilion deal is concluded, news flow on Corrib I think will be thick, fast and game changing for little old EOG. The deal is expected to be concluded by end of this month so this could see some serious serious gains very soon