RE: 2019 drill2 Nov 2018 16:14
This is my take on it with respect to data rooms.
VERY GENERALLY speaking, private oil companies don't make a hullabaloo over their data rooms unless they genuinely are something special or they're just 'promote crap' (aka lottery).
As was discussed over on adv recently, again GENERALLY speaking, really decent stuff doesn't go to data room anyway as it will have been picked up in the license rounds already.
I'd given Hugh the benefit of doubt because they have got virtually every play covered offshore Ireland and followed the stopped clock concept ! However that certainly doesn't mean eog have the best examples of those plays in the basin hence less interesting than others potentially available?
After recent press stuff and no specific rns clarification (although technically I think they're covered) it does look like my worst fears may be becoming realised? So is Hugh just bloody naive and in love the the assets or 'worse'?
Here's hoping they see sense over the weekend with regard to clarifying recent press speculation over the weekend?
The only shred of comfort I take, is that hugh has invested a lot of money himself and is currently under water as well however, I know of a lot of other similar examples who didn't succeed either.
Either way best of luck all and here's hoping for some good news soon!!
All above imho and dyor.