Member Info for Edgein

Agreed guys, great to see approval given via RNS at last. All we need now is the final sign off and then its straight through to drilling.

Regards,

Ed.

MTFW,

No need for trumpets yet! Just a quiet time to accumulate until we get further EG updates. Should they get that one over the line with the major then its gonna get real busy here real quick.

Regards,

Ed.

LUFC,

Thanks for posting that link. He sure does seem confident when talking about the scale of the project. That should play out through the share price over the coming months and years.

Regards,

Ed.

Irush,

Agreed, very comprehensive update from the company today about their new licence acquisitions and imminent start of diamond drilling. Its shaping up to be relentless news flow over the coming months from the shallow drilling and quick turnaround expected on the assays. 50 drill pads already! They're not hanging around. The resource numbers could pile up quickly given how shallow it all is. 200,000 tonnes of contained copper plus silver credits is a heck of an initial target and they now have a vast exclusivity on the surrounding area. Exciting times for sure.

Regards,

Ed.

Holly,

More likely a build up in anticipation of approval and completion of Cameroon. Once that happens it should hopefully be a straight run through to drilling in early October. People just anticipating bags over the next few months. If all goes to plan it should be a very strong close to the year here.

Regards,

Ed.

Here is the link:

https://www.youtube.com/watch?v=qLx8ErknU1M

Regards,

Ed.

The boards seem to be really quiet on this one. I thought this might have been a hot topic today. The US funding route is certainly a positive move when you consider the benefits its given the likes of BRES and GMET. Could add material value to the tiny cap. While PRE is well ahead it does show what can be achieved from a really really low starting point. Like smkr said on here recently, planting seeds is a good analogy.

Regards,

Ed.

Jarv,

Good stuff. Hopefully we'll get a UK update from the company once its official, but sounds promising.

Regards,

Ed.

Dubhlinn,

Unfortunately very true, the Spain and Portugal situation is just the start. Way too much reliance on renewables by a select few countries while the rest of the world gets on with business as usual. I'm no expert on Irish politics but it seems they have just different strains of socialism to vote for so I cannot see a change in direction there anytime soon. If/when the lights go out and the government gets voted out I cannot see who would reverse their decisions. They are playing with their economy big time as its tech based. It does currently look like a car crash in slow motion. Once Corrib goes the situation gets worse.

I'm not a shareholder in LOGP etc but they need to reverse their decision Barryroe and encourage investment in their sector or it will be too late, once the infrastructure at Corrib goes its gone for good. Labour here is doing the same thing, no new licences etc. Gradually the NS would be decommissioned leaving billions of boes undeveloped. While the NS is past its peak, its still got plenty of potential to sustain the current infrastructure. Harbour and Ithaca showing what can still be done.

But it will be interesting to see if common sense returns to the Irish energy sector at some point as EOG has robust opportunities there. In the mean time we're looking cheap on our UK assets and have insane upside from EG. So its all to play for yet with Ireland as the wild card.

Regards,

Ed.

Flombo,

Yeah I know Ryan has gone, they're still paying the price for that though. His legacy lives on. Blocking the development of Barryroe didn't help EOG's cuase that's for sure. That's why I'm back in here for EG-08. If Ireland ever happens its a bonus in my book, thankfully there's likely to be much more action elsewhere. As a side note I notice the decision on Barryroe has been reversed yet.

Regards,

Ed.

Flombo,

What would I like to see the Irish gov do? Well firstly not appoint greens as their energy minister, its abit like appointing Diane Abbot as chancellor, that has set them back by years by blocking what looks like a viable development at Barryroe (I'm not a PVR or LOGP holder). Next thing they could do is reverse their decision on exploration licences. That would give potential large oil companies the chance to find discoveries right along the Atlantic margin as its apparently a similar setting to Eastern Canada and Western Ireland is vastly under explored. That would give companies the change and incentive to explore, their negative stance of oil and gas is just making people poorer and imo frankly putting large companies off investing in the likes of Inishkea. Had they been much more proactive on their oil and gas Inishkea may well have been drilled by now. This has been going on since I last held EOG from the Kosmos days. But they're paying the price now with both Amazon and Intel recently complaining about energy costs. How about that for starters?

Regards,

Ed.

Ace,

They still have it and it will take a large company to drill it as its a much more expensive well than on EG-08. Corrib infrastructure will be at risk of decommissioning unless they get Inishkea and Inishkea west drilled in the next few years. It takes years to develop offshore assets like these, they would need appraised etc if successful. Corrib reserves won't last forever, its about time the Irish government made some decisions, cheap gas near Corrib or expensive imported LNG. While the Irish government haplessly amble around we should hopefully see plenty of action in EG in the mean time.

Regards,

Ed.

I should proof read some of my posts before posting! :) that should read not weathered and still 2-5% grades.

Regards,

Ed.

Lufc,

That was another good video from the company for sure and the new promotion is doing wonders for the share price too! That video shows the potential for scale and grade too, the fact that its near surface and now weathered (sill 2-5% Cu) is a big plus. Looking forward to seeing lots of holes drilled into it!

Regards,

Ed.

Adnatrob,

I agree, although I'd go one step further. I'd like to see them offload all of their UK assets to the likes of Heyco and put that into EG or Cameroon where there is less red tape to get wells drilled and the upside in magnitudes higher. Wressle won't be attracting majors anytime soon. :) Imo EG is what is going to lauch EOG back into a more realistic share price range.

Regards,

Ed.

Flombo,

Yeah that was a very interesting post, it seems like EOG are being watched by the right companies! Be interesting to see how things unfold.

Regards,

Ed.

LUFC,

Its not just large (long strike length) but the fact that its also very shallow, lots of quick holes with fast turnaround and low capex. Potential to establish a resource quickly and cheaply. The scale will certainly help over the mid to long term too.

Regards,

Ed.

Mikey,

Definitely, there's value to Wressle reserves and their upcoming opportunity for Wressle-2 development well (those formations flowed at W-1), add in Cloughton and these should be trading above 1p. But then add in the potential for a good deal or potentially a great deal with a major energy company for EO-08 and its multiples of that. First cluster well is targeting 3 prospects for a total of 1.2Tcf, get that funded and its a game changer for EOG. These recent large management buys after they released the price sensitive information says which way they think its going to go. Yes exciting times here.

Regards,

Ed.

Jsl,

Yeah volume is good again today as a follow on from yesterday. God to see Will showing confidence adding another 800k+ today, he must be confident after the HoT with the major. There could be a lot of gas and condensate at the end of that tunnel! :) Fingers crossed.

Regards,

Ed.

Adnatrob,

Agree, I'm surprised its not moving quicker already as we were trading higher than this before the news (in the last few weeks). Potential is exciting for sure, the last small cap that I can think of that signed off with a major was Challenger and they get a great deal for their Uruguay farmout. EG-08 is much more advanced too, its literally drill ready after any potential deal closes.

Regards,

Ed.