RE: Reality check5 Nov 2025 21:17
Can everybody memorise the post below . Certain evil influence are trying to bury it .
Repost:
1). A little strange some here are complaining there has been no RNS on Ireland. Perhaps you should listen to what Paul said in the presentation.
https://www.youtube.com/watch?v=-IP0sYvohmc
54m 33s: "So they (DECC) were given communication in August that basically said we gave them three options to resolve the situation...so they have until 31st October to respond. One minute past midnight on 31st October it will be trick or treat time. If we don't get a responsible answer or a satisfactory answer to our request, then we will start the process of engaging an no win/no fee lawyer".
I would have thought it obvious that 'start the process' is not the same as serving a valid legal notice. I don't know if lawyers have already been pre-selected and given an outline brief, but it will clearly take a while until formal notice is given to the Irish Government. I would be at that stage that I would expect an RNS, not before.
2). Repetition of the claim that there is little chance of selling a portion of the Guercif assets without proving commercial flow rates. I covered this comprehensively in my post of 21 Oct 2025, 01:02.
In that post I said "Others claim that without gas flowed, there can be no asset divestment. Either they are ignorant of standard O & G industry practice, therefore not qualified to be providing advice here, or else they are publishing deliberate misinformation (aka lying)".
Then, based on the Wood Mackenzie H1 2025 Oil & Gas Mergers & Acquisitions report: "My guestimate is that over the last few years around half of all deals worldwide involve assets where no gas or oil has been flowed to surface. Take the US shale acreage out of the equation and the proportion rises to 80+%".
I then provided "a non-exhaustive list of such farm-in agreements (where a company earns an interest by committing to exploration work) or direct acquisitions of licenses/blocks/subsidiaries. These deals typically involve frontier areas where no hydrocarbons have been produced to surface at the time of the buy-in. Most have not even been drilled. Here are some of the major publicly reported transactions from the last 24 months. I am aware of others but am not able to publicise details - many deals are confidential, or involve non-quoted companies".