Member Info for donalb

I too predict that we will break thru 9 p tomorrow, just as we have done near every day since the 22 Dec. So many prescient posters here.

And in light of weekend events, can imagine Alaska Oilies would prefer to have their bells sweated in Caracas than frozen in Deadhorse :-)

Thanks Tedc, very helpful presentation & some extra details, I note :

Fuhai shall fund 95% of the total cost for drilling and testing the Barracuda prospect:

US$53 million • Antler funds 5% • Any cost overruns shared 50:50

• Upon first commercial gas/oil sale Fuhai has preferential recovery right from EG08 PSC cost recovery cash flows

• Antler will then have a preferential recovery right for "back costs" of circa US$3m

• Thereafter cashflow splits will be as per EG08 PSC

And from RNS - 45% of the Fuhai Carry will accrue interest, capped at 5% per annum

From Inishkea/Ireland : Note 1 – FEL 4/19 PSC Phase 1 will expire on 31 Jan 2026

DB - If not extended, will we take an LOGP ECT case too, due to all the Ryan slow-rolling & outright non-co-operation ?

PS - Taoiseach Micheal Martin over in China this week, meeting Xi, lets hope they brought Will along to announce a Fuhai buy-in in Ireland too :-)

PSS - China buys 70-80% of Venezuela's Heavy Crude, so should be keen to advance any alternative energy source §

Amazing Porkers1/2/3, you are fully up to date about some months old contradictory licensing postings, based on PRD communications, yet completely amnesic regarding your venomous friend, who called me out about how foolish I was that I didn't realise this was going to 1 p for Christmas.

As the pross, said to the Bishop, he would say that, wouldn't he !!!

Chunter valley, Bold Travesty, Jimmy "Chelmsford" 123, Le Dentifrice Manquant, Lonny le "Non-Diplomatico" guzzler, etc, etc, etc.

PS - Copernicus satellite passes about over at cycled from between 2 to 5 days in short days December.

PSS - The Google map link is from early 2023, so well old now.

Thanks i-man, took a while to zoom in on Copernicus, but v cloudy all Dec, so no news. Have saved link & will update.

Plus converted to hours, mins & secs for Google map, its a huge set up there.

https://earth.google.com/web/@33.00719278,-2.35029099,1374.66614285a,2224.84223809d,35y,0h,0t,0r/data=CgRCAggBQgIIAEoNCP___________wEQAA

All my 100k buy orders at 2.5p, 2.0p & 1.5p all dropped un-filled with the end of 2025. Don't think I will re-set them :-)

Does anyone here have the GPS co-ords for Tendara & the LNG facility ?

Fancy checking it out for any flaring signatures. GLA, donalb

Https://www.offshore-energy.biz/chinese-partner-comes-aboard-african-oil-gas-block-ahead-of-drilling-ops/#:~:text=Antler%20Global%2C%20an%20associated%20company%20of%20the%20UK-headquartered,China%E2%80%99s%20privately%20owned%20Fuhai%20Group%20New%20Energy%20Holding.

Https://www.cnn.com/2025/12/31/europe/finland-estonia-undersea-cable-ship-detained-intl

Well done Will, already up near £ 1,300 on yesterdays buy :-) Are you watching Bo, that's how its done :-)

Or maybe its just my head cold !!!

PPMT, that fool chooses to get themselves kicked of the PANR board, one or twice a week & as previously, was back as quickly from dumper to pumper this morning. This LSE chat site, is a cesspit.

OMG, first troll post, if only we LTH's had been aware of this since the 31 July 2025 RNS :-)

Robrob, look at page 4 of avinapunts link below, nothing can happen till tomorrow best case, maybe in the New Year for the less organised brokers.

Agreed Colon, almost no recent serious sellers, despite a 4+ month high Bid/Sell price. What a difference the barrels make.

And maybe some last minute Damacene conversions :-)

PS - Allegedly, Porkers already works the weekend night shift job in Chicken Little's toilets.

The Ordinary Resolutions and Special Resolutions that were passed did so on a show of hands.

Full details of proxy votes received can be found on our website at:

https://www.europaoil.com/investors/reports/

Morning oldslow65, you do keep me busy :-)

Can you supply the source to your expiration statement ? I do hope you are wrong as that would completely crash the bus.

All I find on a quick google is :

https://www.rte.ie/news/2023/0911/1404655-gas-ireland-britian/

https://www.gov.uk/government/publications/cooperation-for-natural-gas-security-of-supply-uk-ireland-memorandum-of-understanding/memorandum-of-understanding-between-the-government-of-ireland-and-the-government-of-the-united-kingdom-of-great-britain-and-northern-ireland-on-cooper

Quick CO-Pilot generic well cost, for EG/West Africa Benchmarks, looks well in our price range, if approximate.

💰 1. SHALLOW WATER WELL (≈100 m water depth, TD ≈1000 m)

Rig type: Jack‑up

Location: Near‑shore, established basin

Partner: Chinese (typically lowers service + rig dayrates 10–20%)

A. Drilling cost

Jack‑up dayrate (Chinese or Asian contractor): $70k–$110k/day

Days on well (spud → TD → logging): 25–35 days

→ Drilling subtotal: $12–20 million

B. Gas flow test

Basic DST (drill‑stem test): $3–6 million

If extended well test (EWT): $8–15 million

C. Total cost (drill + test)

With standard DST: $15–26 million

With extended test: $20–35 million

Https://www.fuhaikonggu.com/en/about.html

Just doing some more numbers, Fuhai 95%, up to $53M, plus Antler 5%, ~ $2.8M, so $55.8M available to drill & test on first terms.

EOG owns 43% of Antler, so ~ $1.2M share, before any 50/50 overrun. A great reason to keep costs under control.