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.
Inishkea is huge, and the best thing is, it’s by an existing operating discovery, so infrastructure in place and relatively quick to bring reserves on stream, as the old sweats say, “ the best place to find oil and gas is where someone else has” will be buying more.
Last piece of the puzzle imho before a JV announcement, CEO inside, which makes sense now, but if he can’t announce a farmout with gas prices where they are now, then he needs to go! But let’s give him the benefit of the doubt for another 6 months is my thoughts. Gla
Wonder who’s offered up for Hurricane? Is that why our ceo is in a closed period? Probably not us but nonetheless, NS is getting interesting and so are our trades here. Gla
Bought this morning 5.5p on IG 25k order went green and executed, went to sell, guess what shares been taken, phoned up to complain IG agreed with my buy, however, Market Maker refusing to honour trade, how do you even make any money on the markets when you call it correct the market just cancels the trade. Just complaining to the FCA on advice of IG guy that picked the phone, hopefully hasn’t happened to anyone else.
Unfortunately yes sub 10p is likely, and the Nasdaq listing could then become the next domino to fall, never has been, but definitely not for widows and orphans now. Goodluck everyone
Get buying, follow the money, been a while since I held these, 1.1m was 78k £ then, looks way better now, are we at 1500bopd from wrestle? Field development plan? How many wells can we get on one drill pad. Anyone know if wrestle gas is dry? Seem to remember the well was in a corner of an industrial site, surely close to gas network, if the gas is dry, should be relatively straightforward, starting to look like the bottoms in here. Buy.
Multibagger in time, agreed, most bought this morning like it’s going to be on a 7am RNS tomorrow, though, I’ll wait to get a few more, not to long, just not today.
I’m sure the peanut scenario will be spelt out in no uncertain terms this evening, I’d expect a decent day for the SP on the back of tonight’s presentation tomorrow , I’d say 90% chance of an intra day RNS today, just my thoughts obviously.
Exactly! This could be another. Cove in waiting, don’t get mugged off for a few quid, day trading isn’t working today, sellers not getting back in cheaper on the whole, somethings cooking, on Gas!