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If they do waste their time posting on these boards in disguise I don’t see the point. They can’t ultimately effect the outcome. I don’t think EOG will have completely pulled the plug Holmwood hopefully they’ve come up with a better idea imho
It may just be the old feigned retreat tactic swampy you never know. If they did discover oil and put a nodding donkey to get the oil out have you given thought that you probably wouldn’t even notice it there and wouldn’t end up effecting you at all?
Where can you see this Rudey? Thanks
sorry just to clarify, I don’t think a placing is required for a long while as Tovoc said imho. It’s just inevitable if there is no further income obviously
With the speed councils move at I would imagine wressle is a while away as another application is made end of next month I believe. A placing is inevitable at this rate of cash burn but having said that the burn should be slowing with the increased oil price. Holmwood is close I like to think, but it has taken over 10 years to get this far so.... EOG have had a real tough run of things. I think they are probably bored to death of holmwood and wressle so the potential of the Corrib prospect kicks the uk stuff into the long grass. I remain hopeful something will turn up and wait in anticipation for the new directors to prove their worth. Lack of buying shares on their part would have been down to a close period before the interims, the reason now is anyone’s guess.
Finncap had a price target of 570p once I think that’s how I got sucked in here. Take their targets with a pinch of salt. Having said that 150p would be nice. I would like to think Ireland would choose to be self sufficient rather than use LNG if it was an option porkpies.
why were we only achieving an average of 45 dollars a barrel?
It looks like a vote of confidence in the share price increasing to me. Leveraged to make a quick buck.
I think it was only a couple of percent gas used this year has been LNG from Russia. I don’t think Shannon has any plans to come online yet so Ireland may well need a backup. The graph on this website gives a simplified idea as to Ireland’s usage. http://www.shannonlng.ie/
Agreed Tovoc, we need a mix of both positive and negative to balance the discussion. It’s mostly just venting anyway, from years of frustration from most of us. We wouldn’t be here if we didn’t all agree there was still at least some hope Europa will come through for us.
Tumbleweeds... although I would imagine Hugh and the team are putting the finishing touches to their data and the new guys are networking their backsides off to get this share price moving up. Should hopefully get some news in the next couple of weeks to do with Holmwood at least.
could we potentially get the results of this and the traffic hearing in March if it happens?
That winds me up aswell Oilisthefuture. I think she has a W12 powered Bentley at the moment. What does she think that runs on? Peace, Love and Unicorn S**t maybe?
I like to think H has got something up his sleeve, but some director buys wouldn’t go amiss.
Let’s hope this brings some good news so we can finally drill holmwood and find out if the wait has been worth it.
That is good news; but I do wonder why Upland pulled out of a deal that was very much in their favour- do they need the money? Nice to see you�re still about Jus, your input has been very useful to me over the years along with others who post good info on this board
Would I be correct in saying upland would be making roughly �900000 a year at current oil prices on their �1.6 million investment for the foreseeable future in that deal? Doesn't seem great for us if so. Why can't I get returns like this?
Does anyone think we will get a decision by the end of the week as to the next steps?
Been here going on 7 years myself now, i Remember you selling some at near 40p crushcut. Bet you wished you’d sold more then aswell. I think the price pretty much tumbled after that. It’s a gamble and Hindsight is 20 20 as we all know. I still have faith something will come up.