Member Info for DreamOn

Wouldn't it be great if this could get to 6p BEFORE the JV was announced? Might help if Hugh gets down to Rabat and signs off on Morocco just to keep the current interest alive...

Ok so who is going to be the first to say "I wouldn't want to be out of this .......

Clearly a major investor out there hanging on my every word .... lol

I think there is also another signal in this if you read the detail. The money message is now official which means that the Dail have acknowledged that they would have to re-imburse all expenditure if this type of Bill was re-introduced. It really is a safety net for the political risk of further investment. I do hope the Oil Majors see it that way ..

Very old .. it was extended some time ago as were licences for nearly all the Porcupine ones. No doubt another extension will be asked for in due course - they currently take over a year to process for some reason. Phase 2 of the FEL licences carries a commitment to drill a well which depending on the results from Iolar we will get or we won't.

Ah yes - sorry I see now that it is at Africa Assembly in Paris - Spotlight on Morocco - Hugh is on the panel.

Hugh has been asked to speak at an ONHYM Conference next week in Morocco on Gas!

I must admit I just skimmed the UJO RNS on West Newton and it seemed to me they were talking about 'liquids' not gas ...

The well was spudded nearly a month ago and the first indication we will have of whether or not it was a duster is if Stena Icemax moves off location before the end of August. If it stays longer then it is likely that they are drilling the planned sidetrack on success. You would also have to assume that a farm in to our licences would be announced on good news as well.

While EOG have requested permission for three site surveys I would imagine that they wouldn't go ahead with the porcupine ones but for certain the Inishkea one will using the same vessel as CNOOC .....

I gave up posting on here .. all doom and gloom and very few positive posters .. I just sit quietly in the background accumulating shares bringing my average down and waiting patiently for what I know is going to happen. If some want to sell they great .. they are feeding my appetite at the moment. I'll feed their's when they want to buy back in at multiples of this SP

Bizarre comment. Iolar success will be really good for EOG that is for sure but only if we get to hear the results of the well which is not likely. The only thing we will be able to do is surmise the outcome from following events. In exactly the same way we will not know if it is a failure either so not entirely sure how you come to the conclusion about the results of Iolar affecting the survival of EOG. Inishkea is not related at all and is by far the most important piece of EOGs portfolio and to back that up we have Wressle sitting and waiting for permission to go into production. With Ramadan now over we can surely expect news from Morocco as well.

Given the selling that has been going on over the last few days I would think 43% needs to be revised downwards.

of the company has been bought already this morning .. news must be on the way surely this time

Actually I don't think so. The Licences (which Hugh inherited when he took over) were next to worthless as the prospects were most likely sour gas. That would have required a new pipeiine to the Lacq processing plant which unfortunately had been shut in and capacity reduced and that was because of lack of demand. Vermillion had the same problem until a year or so ago hen another plant further away started up again.

https://www.irishexaminer.com/breakingnews/ireland/people-before-profit-claim-offshore-drilling-ban-plan-has-been-blocked-by-government-927289.html

I was going to reply to Yin Yang but the Irish Examiner beat me to it .. I could have written this myself but not as well https://www.irishexaminer.com/breakingnews/business/offshore-drilling-is-energy-backstop-926827.html

It's Ramadan ... nothing much happens in Morocco while that is on (in terms of business)

Strange time to be selling .. if you have invested here for Ireland prospects and they are just coming to fruition now. This and PVR are the only shares you can invest in that have a third party interest in the Iolar well. Ours is far more leveraged given our Mcap. A good Iolar result should see this multibag easily

On Monday, Minister for Climate Action Richard Bruton resisted calls to stop all gas and oil exploration off Irish coasts because even by 2030 some 30 per cent of the country’s electricity supply would still be sourced from fossil fuels.

“It is better to have a domestic source than seeking to rely on other sources, be it Russian oligarchs or Arabic sheikhs,” the minister told British-Irish Parliamentary Assembly at the Druid’s Glen resort in Co Wicklow.

Ships don't like being at anchor for too long - hull starts getting fouled - probably back at Falmouth tonight - or off to the North Sea for another project ... one other to keep an eye on is Edda Frende currently at Peterhead and on contract to Exxon Mobil as well last time I checked