RE: Europa Oil & Gas Secures License Extension off Ireland29 Mar 2026 13:59
This RTO has been so, so long in the making - years!.
It is making the DECC seem like Usain Bolt in comparison.
I can sort of accept the length of time taken for due diligence associated with the litigation funding.
However, if we do not hear anything next week then the RTO and relisting is highly unlikely to be completed by end of April and that would be annoying.
Obv. We are not privy to recent discussions with 3rd parties/ government with respect to energy security/ LU/litigation etc. It all comes down to what LOGP are bringing to the table. Have things changed in the current climate so that they are bringing their original 20% of Barryroe or 10% with a carry or is it still just the potential of an award from litigation and any other benefits to a suitor from previous losses/listing. .....or is it a mixture of both because whether there is a reversal or not, losses have been incurred.
Why is nothing straightforward, esp. in Ireland?