Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
I thought this might happen. Agreed clarification needed yet again. If dead we should be due some money back. But also if still allowed getting any kind of application through the government is going to be a pain. Companies will be reluctant to invest in a country that will make their lives difficult.
So this may go up another 30 odd percent on wressle production. I think most are far too deep underwater to get excited about this
i see predator oil and gas are going down the LNG route in Ireland. I assume because they see not much hope of any further drilling happening in Irish waters even though they also hold a licence next to Corrib aswell.
Apparently they can assure the gas will not come from shale and no port is required such as the proposed Shannon as regasification is done off shore. Not good for us as the greens would love to be able to say fossil fuel exploration has been banned and this is the next best option for not relying on the pipeline. Any thoughts?
There’s someone on ADVFN comparing EOG to JKX, they have a point. They produce over 10,000 bopd and we’re on a measly 90 bopd currently. Their market cap is £30m and ours is £4m. So we produce 0.9 percent of the oil they do yet have 13% of the mkt cap. Are they well undervalued or are we well overvalued? (I know there’s more to it than this and mkt caps aren’t always logical, but it begs the question)
I have to say even with the possibility of wressle coming on stream in H2 If I was a new investor with a spare couple of grand I would not be investing here so it’s crazy I am still thinking about averaging down, must be the Stockholm syndrome.
It’s been wasted for over 2 years up to now
Cant believe you can buy 200,000 For 1500quid now. I daren't look at my share account anymore. I fear this new director has been brought on with the sole reason to dilute us into kingdom come, and what a time for that to happen.
Hopefully this share price is short lived but the oil price will suffer for a while yet.
At these prices our directors should be filling their boots, the new guy has options at 1.2p as I remember, whys he not taking advantage?
I hope everyone is well by the way, it’s not all about the money.
*inevitable
Sorry
I do worry that the board may ask for a cash raise but I would hope although not confident they are smart enough to wait for wressle to come into production before they do. This company has been stuck on a £10m market cap for as long as I can remember but with a dwindling production income the drop is enevitable. The wressle production will be enough to increase the market cap as history dictates but who knows to what degree in this climate.
I assume the directors have been cashing in on the fact that have one less wage to pay but we obviously need a good captain at the helm to provide some direction.
I to am a long suffering investor of 10 years plus so I feel your pain but I strongly believe there is a light, I honestly hope to just break even on my investment but am under no illusion that the price could drop further. The current directors don’t have enough skin in the game for me to think otherwise.
Thanks Tacuma, but I still can’t find where this information is? Looking at the rns from the 10th October it doesn’t mention 59 barrels, or am I being blind?
Where does it state production down to 50 barrels?
The price will rise closer to production.
There’s a couple of questions in my mind - firstly will a placing be required in the near future to fund these other projects the company are looking into? I know most of the money raised previously was earmarked on Ireland and Morocco.
And secondly if inishkea is that brilliant, why are we struggling to farm it out?
its normally difficult to convey sarcasm in text Nigel but good job.
Yes thanks Anthony.
Interesting Hugh was presenting at the Prospex 2019 event on the 11th December for EOG with this presentation
http://www.europaoil.com/documents/EuropaProspex201911.12.19_001.pdf
Also interesting is the fact there is no mention of ‘our flagship’ Inishkea.
It’s a good point Treeman10 and a thought I had previously aswell. I understand the return emails to posters from Hugh have been positive but he could well be putting on a brave face and selling behind the scenes aswell so I would take that with a pinch of salt. I think any kind of deal will increase this awful share price so as always we’ll have to wait and see.
I believe so, as it was announced in the last placing.
I too am concerned an example will be made. Talk about timing
“Before work could start, Egdon Resources must submit a hydraulic fracturing plan for approval to the Environment Agency and the Oil & Gas Authority.”
https://drillordrop.com/2019/11/04/could-wressle-inquiry-be-the-first-test-for-fracking-u-turn/
Does anybody else know this to be true? If so what are the chances of getting it through under the current circumstances? Apologies for the reference to drill or drop btw
So should it be assumed to be a duster?
I think a lot rests on Iolar now so another couple of months. If the licences were that compelling they would have been farmed out already.
With EOG, take a reasonable time frame then times it by 5 - reduces disappointment I find.
Unlikely, Where’s that information from?
I hope eog don’t spend any more money on Ireland until a farm out is firmly in place. I understand Hugh wants to race ahead but this will inevitably end up with them running out of cash again. As promising as Wressle seems this can not be relied upon as the last 5 years shows. Current share price reflects belief here but obviously all that can change with a little good news.