Member Info for bobbybee

Offer in for UJO this morning.

Https://x.com/europaoilandgas/status/2064694131968839721?s=46&t=yb4bY8lQ32WiMrlMFx8_yQ

There is the April 2026 Tennyson note on the EOG website for those who may not have seen it.

https://www.europaoil.com/tennyson-disclaimer/?MTI4Njl8ZW9nX3Rlbm55c29uXzA4MDQyNnxodHRwczovL3d3dy5ldXJvcGFvaWwuY29tL3dwLWNvbnRlbnQvdXBsb2Fkcy8yMDI2LzA0L0VPR19UZW5ueXNvbl8wODA0MjYucGRm

Europa O&G (EOG LN) is on the cusp of drilling its first exploration well in Equatorial Guinea,

targeting the 154 mmboe (gross) Barracuda prospect in shallow water block EG-08. Having

sealed a farm-out with Fuhai Holdings, the partnership is fully funded for the well and intends

to seek a jack-up rig for drilling in H2 2026. We estimate a discovery at Barracuda is worth

US$353m unrisked net to EOG’s 17.2% share (19p/shr) – equivalent to ~15 times its market

cap – plus there is a further US$522m unrisked (28p/shr) of follow-on potential in the wider

licence area. Notably, Barracuda is a direct analogue to large, AVO-supported oil & gas finds

made by Noble (now part of Chevron) immediately to the south. Here, 21 wells have been

drilled with a 95% success rate – hence a discovery at Barracuda is seen as odds on (80% CoS).

We reiterate our BUY recommendation with a target price of 5.0p/shr, believing the shares

will run strongly as drilling approaches.

Https://theenergyyear.com/articles/fast-track-potential-in-equatorial-guineas-eg-08-block/

It is clear that Ireland is undergoing a significant political shift and for context this following news clip, is post the full Cork council meeting held on May 11th, whereby 32 councillors voted in favour of the motion brought forward by Aunto, the Iranian crisis has brought common sense back into the room!…GL S

“Groundswell in Cork of political support to develop massive Barryroe oil field 50kms off the coast

32 County Councillors vote to press Government to licence extraction of a reservoir believed to contain up to 300 million barrels of oil – but Social Democrat voice urges caution”

https://www.independent.ie/regionals/cork/news/groundswell-in-cork-of-political-support-to-develop-massive-barryroe-oil-field-50kms-off-the-coast/a421346622.htmlPosted by Swizz on the PRD board.

From the PRD RNS this morning.

Potential award of Corrib South offshore Ireland is a new Company development.

Recoverable gas resources 424.8 (P50) to 904.7 (P10) BCF with 44% Chance of Success.

Adjacent to Corrib Gas Field infrastructure and addresses Security of Energy Supply.

Following a recent positive communication from the regulatory authorities in Ireland, the path for the Company to follow to secure progress for the award of the Corrib South successor authorisation has been clearly defined and is achievable within a short time framework.

Consequently, the Company is updating its technical package for Corrib South to include gas storage potential and will test the market for potential 3D seismic acquisition in 2027.

The SLR Consulting (Ireland) Ltd ("SLR") Competent Person's Report (2019) will be updated to incorporate economics based on current gas prices and additional capacity in the Corrib infrastructure.

For context SLR gave unrisked gross recoverable gas in the range 424.8 (P50) to 904.7 (P10) BCF. The updated technical package will be focussed on supporting the P10 Case. Tracs International Ltd (2023) gave a 44% chance of success for the Corrib South prospect.

Corrib South was originally held as a Reserved Licence by Shell, the former operator of the Corrib gas field and was awarded as a Licencing Option to Predator Gas Ventures Limited in 2016 as a result of the Atlantic Margin Bid Round.

Parties previously expressing an interest in Corrib South will be re-visited based on this new development and additional potential partners will be approached, capitalising on the quest for strengthening Europe's Security of Energy Supply.

From LOGP this morning.

Lansdowne Oil & Gas is pleased to announce that, following the filing of a Request For Arbitration ("RFA") regarding its dispute with Ireland regarding the Barryroe oil and gas field, at the International Centre for Settlement of Investment Disputes ("ICSID") in Washington, D.C., on the 8 May 2026 the Company received written confirmation from ICSID that the ICSID Secretary-General has registered the Request. Details of the Arbitration can be found on the ICSID Website.

This is an important step in the arbitration process and will now be followed by the appointment of a tribunal. Lansdowne will continue to vigorously assert its rights under the Energy Charter Treaty ("ECT") in its dispute with Ireland. As previously reported, the Company is pursuing a claim of a minimum US$100 million plus interest.

On 27 April 2026 the ECT Secretariat announced that it had received notification of Ireland's withdrawal from the Treaty. It further noted that this will become effective one year after its notification to the Secretariat - from 28 April 2027. It also noted that Ireland will continue to be bound by the 20-year sunset clause. Accordingly, Ireland's withdrawal from the ECT will have no bearing on Lansdowne's case.

In June 2023 Lansdowne gave notice to Ireland that a dispute existed under the ECT and the filing and registration of the RFA brings to a close the first formal step in the arbitration process.

From Tommy 241 on the other board.

Https://www.irishtimes.com/business/2026/04/30/new-company-bids-to-restart-work-on-barryroe-oil-and-gas-field/

Https://drillordrop.com/2026/04/16/officials-update-report-on-burniston-frack-plan/

Https://x.com/Europaoilandgas/status/2042505220219895857?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

Posted by Tommy241 on the other board.

https://drillordrop.com/2026/03/19/new-date-for-burniston-gas-decision/

Posted by Tommy241

https://drillordrop.com/2026/02/26/breaking-minister-declines-to-decide-burniston-gas-plan/

Https://www.linkedin.com/posts/will-holland-553095a_landed-back-in-london-just-in-time-for-valentine-activity-7428348038466940928-qUTp?utm_source=share&utm_medium=member_ios&rcm=ACoAACF1b-cBPzlJosJwtr7FXP4HOc9p2eggx88

Posted by Tommy241

Https://www.malcysblog.com/2026/02/oil-price-europa-and-finally/

All is going well for EOG this week, a strongly subscribed placing has been followed by the retail offer, itself ‘multiple times oversubscribed’ at the same 1.2p level and with the 1:4 warrants attached. The offer, which had been expected to raise £350/- but due to the level of demand has been upped to £641/-, but even then punters were scaled back as demand still exceeded availability.

As I said on Tuesday this is very good news for Europa and should mean, subject to shareholder approval, which should now be a formality, the company will go forward in Equatorial Guinea. It is also worth noting as below, that CEO Will Holland has announced that he has bought shares in the company at a price of 1.4485p per share in the market which is a good sign. He still only has 1.387% of the issued share capital but it is worth noting.

I remain confident that now that they are fully funded for activities, plus a bit of working capital which eases short term financing concerns that may have arisen, EOG is in a strong place with significant potential upside.

Will buying more today..

From Malcy's blog.

Assuming this raise gets shareholder approval at a GM shortly this is very good news for EOG and its shareholders, note the rather frightening note in the RNS about the need to pass the resolution ‘AND THERE WOULD BE A MATERIAL UNCERTAINTY OVER THE COMPANY’S ABILITY TO CONTINUE AS A GOING CONCERN’.

I’m sure that this won’t happen, the company has already announced that it has conditionally raised the amount of £3.5m and the retail offer is underway. The raise is at 1.2p which is a full 20% discount and includes a 1:4 warrant offer at 2p and given that the shares are down some 31% on the month makes one think that it was expected.

But the good news is that longer term performance has been good enough to make a little weakness palatable, up 84% on 6 months and 77% over a year shows that like me, investors believe that the Equatorial Guinea project has every chance of being a game-changer for EOG.

Hardly looks like losing focus, from 6 days ago.

https://www.linkedin.com/posts/will-holland-553095a_very-good-trip-this-week-touring-the-impressive-activity-7420701458251030528-lC6g?utm_source=share&utm_medium=member_ios&rcm=ACoAACF1b-cBPzlJosJwtr7FXP4HOc9p2eggx88

From UJO this morning, Wressle update.

Wressle (PEDL180 and 182 - 40% interest)

"Union Jack's flagship project Wressle, located in Lincolnshire, on the western margin of the Humber Basin is one of the most productive conventional oilfields in the UK.

Average production during January 2026 is circa 267 barrels of oil per day ("bopd") gross. On full production days the range has been between 267 and 339 bopd.

Site upgrades and facility improvements continue to be implemented to improve efficiency, optimise production efficiencies and to eliminate routine flaring.

The Wressle project remains a high value asset in Union Jack's portfolio with 2P reserves of over 2,300,000 barrels of oil equivalent to be extracted according to ERCE as stated within their Competent Persons Report published in December 2023.

The Joint Venture parties are awaiting regulatory approvals for planning and permit applications that will enable the next phase of field development to take place."

Https://www.bbc.co.uk/news/articles/c338yr5exk3o

DrillOrDrop has heard that the delay follows multiple local requests for the government to call in the application. This could take the decision out of the hands of North Yorkshire Council.

Last week, council officers recommended the planning application from Europa Oil & Gas should be approved with conditions.

But there were requests for a call-in from Burniston Parish Council, MP Alison Hume, the campaign group Frack Free Coastal Communities and the Scarborough councillor Rich Maw.

We understand North Yorkshire Council was instructed not to approve the application tomorrow until the Planning Inspectorate had considered the call-in requests.

Public speakers at the meeting received an email this morning from the council telling them about the postponement. The email said:

“With the support of members of the Strategic Planning Committee, the Assistant Chief Executive Legal and Democratic Services has taken this course of action in light of a request received yesterday from the Planning Inspectorate to the Local Planning Authority not to issue a decision in respect of application ref: NY/2025/0030/ENV construction of a temporary wellsite near Burniston pending the Planning Inspectorate’s consideration of a request made by interested parties to the Secretary of State to call in the application.”

The meeting had been due to be held at 1.30pm at Scarborough Town Hall. Opponents of the scheme, which included proppant squeeze, a form of lower volume fracking, had planned to lobby councillors outside the meeting.

North Yorkshire Council said a revised date for the committee to consider the application would be arranged “in due course”.

Steve Mason, a member of North Yorkshire Council and campaigner with Frack Free United, said this morning:

“The decision to postpone is very sensible. The conflict between national and local policy makes it impossible for Cllrs to make a sound decision.

“The definition needs to be clarified to capture all types of fracking and close the loopholes that allow gaming of the planning system.

“History provides the evidence: if you are shattering rock under communities to extract fossil fuels, it’s fracking, no matter how much fluid you pump into the ground.”