Member Info for Edgein

Good to see the strong demand in Sri Lanka taking out Sheffield's 10% in one go, rather than weeks of drip feeding. I guess Sheffield wanted them sold quickly to get that cash in. Hopefully get some more operational progress here soon towards the FID.

Regards,

Ed.

Flombo,

Great to see Will along side GEPetrol over in China for the signing of the JV as he got the tour. Great to see GEPetrol there to represent the EG government! Good progress being made with the drill planning as well as the approvals, sounds like our good run is set to continue. Hopefully get a bonus on Cloughton this week too. Can't wait to see where we are capped at the end of this year.

Regards,

Ed.

Bill,

I can see your point on renewables, I'm certainly not against all forms of renewable energy and its just energy your post refers. But oil and gas both are more than just energy, there is no just stop oil. From textiles, plastics, petrochemicals, pharmaceuticals, rubber, there is a pretty endless list of what oil is used for. We could also get into the environmental impact of mining copper, rare earths etc and their transportation globally. So we'll agree to differ.

The most efficient source of energy is nuclear but clearly that has risks too. Interestingly Spain and Portugal immediately had a national shutdown within days after claiming total renewable electricity due to a lack of baseline power. When we see cold windless UK days they'll be as much use at that time as a chocolate teapot. Oil and gas is here to stay for many decades to come, big oil is still looking for the new oil and gas frontiers like Namibia and South Africa.

Regards,

Ed.

Serif,

True, politicians lie to get the power and then desperately try to cling on. But at least its North Yorkshire that will have the say next Friday. Lets see what they do with it. Planning office clearly backs this project that is of national significance and interest.

Regards,

Ed.

You will find that the majority in the UK are currently putting their support behind reform UK who are in favour of oil and gas development. The currently socialist government are keen to subsidize their green agenda. So you'll find that its the government and the green lobby that want to bankrupt the country and everyone in it. So you will find that "you people" many are in favour of cheap domestic oil and gas production and not having Europe's highest energy costs to fund a Greta style ideology.

Regards,

Ed.

Sintana is after another block from a private Namibian company right in the heart of the basin.

"Chevron has previously announced its intention to accelerate exploration activities on PEL 82 including drilling an exploration well."

"PEL 37 is currently held 100% and operated by Paragon Oil and Gas Pty Ltd ("Paragon"), a local Namibian company. PEL 37 covers an area of 17,295km², in relatively shallow water (100 - 1500m), with identified prospects at water depths between 300 and 600m, and with multiple large fans directly overlying a proven, mature oil-prone Aptian source rock."

"In particular, PEL 37 is immediately adjacent to PEL 82, where we already have an interest and where an initial exploration well is expected over the coming quarters."

If that Chevron well comes in then TRP will be right between Chevron to the south and Exxon to the north, only a matter of time imo until we hear about Namibian farmout/farmin approvals. If Chevron drill that well this year things are really going to heat up.

Regards,

Ed.

With 2 developmental wells, an appraisal well and an 80%CoS exploration giant on the cards your 2.3p entry could look very cheap sooner or later. One of the wells that EOG keep mentioning regarding EG flowed at 100mmcfd (16,666boped) from approximately half the sand thickness of Barracuda. We've apparently the thickest sands on any of the nearby blocks so my guess is you won't be here alone for that one either!

Regards,

Ed.

Morning Serif,

Good to see this good news today on another of EOG's high impact assets. Progress and drilling at Cloughton and Wressle could put us in a very strong position ahead of the Barracuda well. With all these assets active and now squeezed into our £17m market cap it really looks ready to pop. Could be doing 4 wells this year if they get permission to drill those 2 back to back Wressle wells. All we need is Ireland to kick in at some point for a full house.

Regards,

Ed.

Good morning Sienna,

My view here haven't changed, they're still significantly oversold on the REEs and the flourspar and gallium just gives extra value. The cap remains tiny. The US funding news for the REE would be high impact and I'm certainly hoping to see progress on that this year. Momentum has gone again for now, warrant conversion sellers haven't helped and that took the steam out temporarily. I haven't had time to check if the instis have been selling or just diluting, as others have mentioned we've had the odd chunky sell around. Once that clears off the back of some more news then we should be back on track again. The MRE should help shift some volume when released this Q. Not one of my biggest holdings, but what I've got I'm holding tight as I expect 2026 will be a good year.

Regards,

Ed.

Nom,

At the moment you are correct, but if they hit on the HREEs and Uranium there may be somewhat of an increase in UK trading volume and that of the pink sheets. Its sure overlooked at the moment, but sentiment on AIM can change on just one RNS. Imo its beneficial for the company to be trading in Oz, USA and UK.

Regards,

Ed.

GP,

Good man, we all should have a very lucrative year ahead if EOG gets to drill all these planned wells.

Regards,

Ed.

GP,

Well done on getting that volume on the cheap, you'll likely see a decent profit on that after the two back to back production wells at Wressle. They're targeting behind pipe previously flow tested pay. That certainly looks like a cheap entry for the bonus assets alone. To be trading currently just over £17m cap with EG-08 carried to the tune of around $50m is nuts, this is at the top of my buy list at the moment and I already have a chunk. Like others here, just waiting for other stuff to develop this year to add to these. Its little wonder that the brokers targets start at circa 5p and go up from there.

Regards,

Ed.

Hi Serif,

A guy posted on ADVFN yesterday that the planning meeting was on the 14th. He didn't give a link, Feb would do. Plenty of time left this year to get these four wells squeezed in. :) Apparently planning meeting for Cloughton is Feb.

Regards,

Ed.

Serif,

The plan for Wressle is to drill two production wells back to back, hopefully this year pending permissions etc. Tommy on the other board posted that the planning meeting is on the 14 of Jan. So not long to wait to get the result of that. Wressle should be a quick tie in too once drilled. Those other formations were already flow tested in the Wressle-1 well so pretty low risk.

As for bonuses, the share price is up almost 300% from the low of 0.5p in 2025, similar or better this year and he's more than earned those bonuses and options. In fact signing the Fuhai group in for a 95% carry on $53m he already has earned that bonus in my book. EOG gets an almost free look at their biggest prospect to date by quite a margin. $53m buys a lot of rig time for a Jackup.

Regards,

Ed.

CW,

We may well do. Planning permission for Wressle expected this month, decision on Cloughton this Q also. Plans for drilling 2 wressle wells, Cloughton and EO-08 all this year. There is a lot squeezed into our £20m cap at the moment, imo it'll pop sometime this year. Permssion from EG authorities also expected this Q and then the hunt for the rig will really be on (we might even get a rig award letter/conditional offer before formal approval, lets see. Lots going on and even though the year has barely started I'm still expecting it to be the most significant in the company's history, Barracuda drilling being the main event. Two wells on wressle would certainly help push EOG back into profit and positive cashflow again.

Regards,

Ed.

Dan,

I would put money on it, indirectly I already have! EOG now backed by the Chinese top 500 refining and chemical giant Fuhai will be able to compete with the US majors for those 24 blocks on offer. That's a much cheaper route than trying to farmin with an existing licence holder. I'm hoping they'll win interests in a couple of blocks. I also hope they participate in the Cameroon offshore licence round too, fingers crossed, that would also be a good fit but the company hasn't mentioned that one just speculative.

Regards,

Ed.

Good morning guys, my interpretation of the interview was participation of all three companies, it may be EOG as part owner of Antler rather than a direct interest. It sure is cheap, Egdon's main asset was 40% of Wressle and a lot of prospective shale gas (which cannot be developed) and they went from memory around £30m. So EOG is certainly cheap on the bonus assets let alone EG. But things are likely to change a lot this year as the story gets out, as they apply for more licences, approach drilling the potential game changing well etc. Going to be an interesting year and from the interview company back in EG this month. No hand sitting going on.

Regards,

Ed.

Subsea,

That was a great interview. The fact that they're now working with this multi-billion Chinese top 500 company to pick up more blocks in EG is awesome. That's give them significant clout to compete against the US majors. Onward and upwards. The small cap just about covers the Wressle development and a bit of Cloughton. Imo market has still to value in these EG assets let alone future upside from this partnership.

Regards,

Ed.

Regards,

Ed.

Just as soon as Will got out of the closed period he took some more on the cheap.

Regards,

Ed.

Only,

We'll see. Imo the drop today was the fact that a number of traders entered on the run up to today's significant news and didn't care what it said they were going to take profits today. I have a very low average here and am not interested in taking any profits at this early stage. There's going to be lots of news in the next few months. Service contracts, rig contracts, long lead items etc will all need to be secured. Antler will need to be able to pay 5% of those mob costs and pre-drill (it'll only be a small portion of the $53m budget). So not at all cash intensive at this stage. Most of the costs will be rig hire, materials while drilling, mud, crew etc. Usually payable after drilling, invoiced when due etc.

Wressle-1 is a declining well so selling another slice to prevent dilution would be a positive. Wressle-2 would be a more interesting well at this stage and hearing more about their non-dilutive funding strategy will be interesting too.

Regards,

Ed.