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Nobody will care if their entry was 24p or 14p when this has run its course, there are of course 15m warrants outstanding, and today I’ve noted quite a few 100k trades, my bet would be the 6p warrants attached to the lender are in play atm, who knows if they exercise them all, I just hope they last until my funds land, don’t panic Mr Mannering springs to mind.
Thanks Stokey for pointing that out, not been in since the infrastrata days, so it’s been a while, and not completely up to speed yet, but reading up here in Kenya, grew up about 15 miles down the coast from appledore, so partly an investment with the hart too, fingers crossed my house sale goes through on the 14th next month and I’m able to get a few more around here, so please, don’t be too hard on the derampers.
So next inflection point has to be the gas storage, another big push in sp if goes through planning, in January.
However, something I haven’t seen discussed on this BB that’s due in March, and perhaps ties in with takeover rumours, is the AUKUS decision on either the Astute or Virginia class subs.
Personally I think the decision was made by the men in grey suits to buy the Astute before the G7 Carbis bay meeting, however,Johnson et al needed the USA onboard for the nuclear technology transfer.
Other incidental evidence pointing to Astute is the electric boat companies order book being full for the next decade building US subs, so perhaps the only way for the Aussies to get a couple of astutes in the water in a big hurry( considering Dreadnought order ) from Barrow in Furness shipyard is to farmout the work building blocks for Astutes, and that fellow investors imho is when you see BAE come in for HW who currently have the only spare capacity, given appledores previous involvement in the aircraft carriers, building blocks, don’t be surprised to be surprised.GLA
Disagree regarding wrestle, I got a wink and a nudge regarding wrestle long ago via UJO and someone very close, it’ll keep getting better, the worst thing regarding uk assets is planning.
Wrestle pays the bills and stops lights on raises, which all investors hate, without wrestle personally I’d look elsewhere.
I know Tovoc, however, let a 10/20 bagger sink in first, I don’t want investors to miss out be disappointed etc, under estimate over deliver, let them do their research, most investors are switched on they’ll get it.
These Irish assets always had potential, just politics and timing prevented a real valuation being assigned to Eog, that’s changing now.
I traded a few must admit, made a few quid on way down, EOG worth reading up on, perhaps over the weekend, if your looking for a home for any profit, as usual Dyor.
Farmout Eog retains say 20% and free carry to production, 1.5 tcf approximately 270m barrels of oil, so 20% of that 54m to Eog . $10 in the ground a barrel price, 54m x10 540 million Usd, I’d say doable on a trade sale for a gas reserve imho.
However I’ll be conservative and say 5 bucks, so 270m usd, so £240m easy 20 bagger potential in Eog on a farmout for 20% free carry imho! Dyor as *** packet arithmetic.
Irish Times 10/11/2021
(An abridged version)
Nephin managing director Tom O’Brien said: “several companies hold exploration licences over nearby areas that could potentially hold further quantities of the fuel”. (EUROPA ACTUALLY 1.5 TCF)
These reserves could be connected to the infrastructure now used to draw gas from Corrib, cutting the cost of exploiting those fields ( obviously fantastic news for Eog)
A ban on future fossil fuel exploration in the Climate Bill does not apply to existing licences.
(More good news for EOG)
Vermilion et al have to deal with EOG as no more licences being issued!
Time imho for the Corrib partners to review siesmic data etc? Imho probably about 12 months!
Now go look at the date of the article at the top, it’s spelt out for us.
Thanks go to donalb for his research and excellent post.
https://www.irishtimes.com/business/energy-and-resources/nephin-energy-records-59m-loss-despite-14m-profit-from-gas-sales-1.4701908