Member Info for bobbybee

Looks like tomorrows meeting has now been postponed.

https://drillordrop.com/2026/01/21/ministers-reviewing-low-volume-fracking/

Posted by Tommy241 on the other board.

"Some rise in Nat Gas pricing these last few days:"

Https://tradingeconomics.com/commodity/natural-gas

From Tommy241 on the other board.

https://www.thescarboroughnews.co.uk/news/politics/council/scarborough-town-hall-date-confirmed-for-councillors-to-consider-burniston-application-5478196

Https://x.com/i/status/2012058573577339186

No doubt will get quite interesting soon now that LOGP have a litigation funder.

Probably won't be too long either until they RTO back onto the market.

Will put Irelands energy security back into the news.

"Lansdowne Oil & Gas is pleased to announce that it has signed an Engagement Letter ("EL") with Diamond McCarthy LLP to pursue its Energy Charter Treaty ("ECT") arbitration claim against Ireland for the refusal to award a Lease Undertaking for the Barryroe Oil and Gas field. The EL provides for Lansdowne's expected costs associated with the claim, to be fully funded by Diamond McCarthy LLP, on a non-recourse basis. The compensation claim is expected to be a minimum of US$100 million plus interest."

5️⃣ We are seeking to spud the 80% COS well on the Barracuda prospect ASAP targeting drilling by the end of 2026.

#EOG has started the tender process for well management services & is engaging with operators about rig novation opportunities.

https://x.com/i/status/2009550716663455861

Https://x.com/i/status/2009188329657442397

4️⃣ ‘80% chance of success driven by a compelling AVO.’

#EOG Chief Geologist’s confidence in the EG-08 reservoir is underpinned by the exceptionally high flow rates of previously discovered wells in the area, reaching up to 100mmscft/day.

Probably worth remembering without Will they'd be no EG.

https://x.com/Europaoilandgas/status/2008463550537478624

https://*********************/research/cavendish/oil-gas-cavendish-sector-note/129_272d00b3-7571-4b55-b873-0c8bdfdc56c4

From 2 mins 33 secs in "area of mutual interest agreement with Fuhai & Antler"

Interview out.

Https://www.brrmedia.co.uk/broadcasts/6932f4c8b2bbb400136550cc/europa-oil-gas-transformational-growth-video/

Only...Bo Kroll has used real money to purchase the other 67 million shares he owns. Over 7% of shares in issue.

Looks like the penny is starting to drop. Great to see Will back in the market buying more.

Happy New Year to all holders and roll on 2026 news flow.

I've done the same, grateful for the opportunity.

Give WH his due, he did say by year end. What fantastic news for EOG and all holders. Roll on 2026.

From LOGP this morning.

Lansdowne Oil & Gas is pleased to announce that it has signed an Engagement Letter ("EL") with Diamond McCarthy LLP to pursue its Energy Charter Treaty ("ECT") arbitration claim against Ireland for the refusal to award a Lease Undertaking for the Barryroe Oil and Gas field. The EL provides for Lansdowne's expected costs associated with the claim, to be fully funded by Diamond McCarthy LLP, on a non-recourse basis. The compensation claim is expected to be a minimum of US$100 million plus interest.

Con't...

— UK growth option: Europa’s assets onshore UK contain significant growth potential. The recently announced Oil & Gas Price Mechanism (OGPM) provides certainty and effectively reduces the headline tax rate for UK producers from 78% to 40% from early 2030. In our opinion, this increases the likelihood of Europa attracting a partner for its Cloughton gas project.

— Target price 5.1p offering 190% upside: We set our target price at 5.1p, which is equivalent to risked, core NAV and includes value for Wressle, Cloughton and Barracuda, as well as net cash and other corporate adjustments. In particular, we are carrying a conservative 25% chance of commercial success at Barracuda, which we would upgrade on the event of a binding farm-out.

Kindly posted by Someuwin on the other board.EOG new coverage.

The Cavendish note is 16 pages but here's the summary...

Europa Oil & Gas

Barracuda on the hook

Europa Oil & Gas is a full cycle E&P, with a portfolio including production, appraisal and exploration opportunities. The company recently announced that it has signed non-binding heads of terms (HoT) with a prospective farm-in partner for its Equatorial Guinea licence EG08, which – if completed – will give the company a carried interest in what will be one of the highest-profile exploration wells to be drilled next year. Meanwhile, a data room is open with respect to Cloughton – a large gas appraisal opportunity onshore UK – with Europa looking for a partner to pay for the next stages of development on the legacy discovery (which has the potential to unlock considerable value). Wressle continues to provide valuable cashflow, with an application submitted for the next stages of development, which should see production (including gas monetisation) significantly boosted. We initiate coverage with a Buy recommendation and a near-term target price of 5.1p/share.

— Farm-out confirmation imminent: Europa has stated that it expects to reach a binding agreement with a farm-in partner by the end of the year, providing funds for the Barracuda exploration well. This deadline is fast approaching, and while there remain risks (regarding terms, completion and timing), we have no reason to believe that there will be any changes to the timeline originally suggested. Some value will already be priced in to today’s share price; however, we expect confirmation of the terms, plus binding documentation to significantly de-risk Barracuda (worth 4.7p risked, on our numbers), as well as follow-on opportunities. The precise share price reaction is hard to speculate on until the terms are known (the dilution at the asset level and the farm-in fee); however, a full carry on a single well would be up to cUS$53m gross investment (tested and suspended as a producer). A hypothetical relinquishment of 50% of the asset would mean a US$11.4m net carry to Europa, or 0.8p/share.

— High impact/low risk near-term drilling: After the immediate uplift in valuation to account for the work programme carry, investor attentions will shift to the Barracuda well itself, and the potential upside in the event of a commercial discovery. This well comes with technical and geological risks; however, as exploration wells go, Barracuda is relatively low risk, given its proximity to existing discoveries, and the successful application of regional AVO technology. The well is likely to spud in 2H next year, and we would expect market anticipation to build as the drill-date nears. A successful drilling result would be transformational for Europa.

Kindly put together by KeithOz on the PRD board.

………………………………………………………

I have pulled this together from a variety of sources, then assembled it using paid-for AI.

On November 16, 2025—just two days ago—Ireland faced a second ECT challenge from Predator Oil & Gas Holdings PLC, a London-listed firm focused on gas exploration off Ireland's northwest coast. The dispute centres on multi-year delays in processing Predator's application for a production license for the Corrib South gas field, submitted in 2019. Predator accuses the Irish government of "bad faith" and "unjustifiable delays," claiming these have stalled development of an estimated 4 trillion cubic feet of gas resources, potentially worth hundreds of millions in revenue. The company argues the inaction breaches ECT obligations on fair and equitable treatment (FET) of investments, mirroring the Lansdowne case but emphasizing administrative foot-dragging rather than outright refusal. Predator has not yet filed a formal arbitration notice but issued a detailed legal threat letter to the Department of the Environment, Climate and Communications, demanding resolution within 90 days or it will proceed to international arbitration (likely under the International Centre for Settlement of Investment Disputes or a similar body). The firm, which holds a 50% stake in the project, the other 50% held by Theseus Ltd., highlights Ireland's energy import dependency amid global supply disruptions, positioning domestic gas as a lower-emission alternative to LNG imports. No specific damages figure has been disclosed, but similar ECT fossil fuel cases have sought sums in the hundreds of millions to billions. This development adds pressure on Ireland, already navigating the Lansdowne arbitration and broader calls to exit the ECT. Environmental groups like Comhlámh have urged immediate withdrawal, warning of escalating costs to taxpayers. Predator's CEO, Paul Griffiths, stated the delays "exemplify regulatory paralysis that undermines investor confidence," while government sources defend the process as thorough environmental review. The case underscores the ECT's lingering "sunset clause," which protects existing investments for 20 years post-withdrawal, meaning disputes like this could persist even if Ireland exits soon.

Hope this is helpful.

Posted by Mrninjazx6 on the PRD board.

Ireland faces second legal challenge under Energy Charter Treaty as Predator Oil & Gas slams delays | Business Post https://share.google/qjAcfYcRpQtp2wqws