Excellent post! 2/218 Aug 2025 16:51
3. “The BOD knew the NSTA decision and snuck in a cheeky cash raise prior”
As I’ve just mentioned the Section 35 order was first mentioned in an RNS dated 15th July 2025, prior to the last capital raise on 29th July. In that raise almost all members of the BOD bought significantly more shares and increased their holdings at 4.25p. So I don’t think that’s the behaviour of a team that knew they’d be required to resubmit an updated application which would cause the share price to slide.
For added context, There have been 2 placings since IPO in December ‘23
29th July 2025 1,852,940 shares were bought by the BOD = £78,749
16th April 2025 the BOD bought 1,209,384 shares = £67,000
So in the 2 placings since IPO the BOD has bought in both and to the tune of £145,749
Not groundbreaking amounts, but certainly meaningful chunks with the CEO buying £44,000 and £31,000 respectively. He now holds 5.83% of the company.
https://x.com/redditdeluxe/status/1957106032322457662?s=46&t=IHEn1TE0c7FNFBktt6H8XQ
4. “EPP are too small to be approved for such a big project”
This may have been an idea that could hold water in August 2024 when the original application was made. But since then EPP has partnered with industry heavyweights such as Siemens Energy, Costain, KBR and Wood Group to collaborate on MESH. So this is certainly no longer the case.
5. “That’s it, it’s all over for EPP!”
Well, let’s take a minute to look at things rationally. The gas storage license hasn’t been declined it’s being resubmitted for a decision and much of the work and verification has been done already and with tier one partner support things may well progress rapidly. Also the Section 35 directive streamlines approvals for all non gas storage related elements of MESH, which accounts for around 80% of the project. So with a 28 day turnaround timeline for a response, it is far from the end of the road for EPP.
I’ve seen genuine concern from investors this week and rightly so. As a longterm holder I don’t take this lightly. But I’ve also seen some posts delivered to feed off investor anxiety and in some cases they take pleasure in the prospect of people facing heavy losses.
As a large holder of EPP I’m rightly held to account on what I post and have to reference RNS’s etc to make sure all is factually accurate. Sadly to accuse a company of something negative you seemingly don’t need to demonstrate the same levels of rigour.
Despite this, I see “contrarian” voices on EPP as a positive. They push me to research more and in responding, it allows me to share that research with fellow investors. Polite, civilised debate is always the aim.
Here’s to investors seeing some positive news soon 👍🏻
https://x.com/redditdeluxe/status/1957106032322457662?s=46&t=IHEn1TE0c7FNFBktt6H8XQ
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