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Yes an update would be welcomed. Did he say anything of interest in his speech at GEP International Energy Deal confer today ? Will a video be available.

The Irish licence has not been extended yet .

At the GEP International Energy Deal Making Conference in London (24–25 March 2026), Will Holland is scheduled to speak on:

• Date: Wednesday, 25 March 2026

• Time: 09:45 AM

• Topic: “The challenges of unlocking material new gas in NW Europe compared to elsewhere.”

I wonder will he touch on gov approval ?

He was inking the deal with Fuhai , so still waiting approval from Chinese. I would imagine the EG approval will then be a formally.

They are probably waiting on the Chinese first

Only,

I agree with your logic but only because I think the shares will go way above 2p on spud and up to 10p on even a medium hit .

But from a neutral theory basis , at around 1.4p it’s still not equivalent as buyer is risking about 17% more capital which he has to spent while you have Free option to exercise warrant . That extra capital risk needs to be compensated for .

Anyway, lets hope for approvals next week. With them signed and sealed and if conflict in Middle East continues, logically there should be massive demand for EOG shares.

Only, I don’t really get your logic .

Those who were able to participate In fundraiser paid 1.2p and got free upside with the 1 first 4 warrants at 2p

At 1.4p, buyers are paying more and getting nothing extra.

The only way it’s nearly “equivalent” is if the warrants expire worthless — which hopefully for all of us that won’t be the case .

So while it depends on how much value you assign to the warrants, to get equivalent value , you are talking about buying at 1p or less .

Troll ??

Surprised at our price recently - why are we being ignored. ( apart from approvals)

We’ve selling 100 gallons a day at $100+( -rev share)

-have a great natural gas play at est 80% success rate

- in a much safer region of the world that is pro exploration

- Funded by Chinese company that makes 1/4 billion profits per year

- With agreement to share exploration opportunities in this area

- We have plenty of money in the bank

- Infrastructure in the Middle East damaged which will probably get worst with substantial time lag to repair.

We need to get this story out there .

To paraphrase somebody” we are hot - one of the hottest out there .

To be fair to WH, he has meet his promises on EG so far . Next week the “energy deal conference “ is an ideal time and location to confirm approvals, esp the Chinese one -the key one .

This would be the real catalyst to getting share price up to 2p at least .

From LinkedIn

“CEO, Will Holland, will be speaking at the GEP International Energy Deal Making Conference in London on 24–25th March.

This event brings together industry leaders to explore the evolving energy landscape, investment trends, and the role of oil and gas in the transition to a more sustainable future.

He will be sharing insights from #EOG and contributing to discussions on where opportunities are emerging across the sector.“

WH was confident that Chinese & EG approvals would be in by end of QI!!! Hopefully he will be able to tell them that .

What news is that ?

I would imagine both

Here is an article from today’s Irish Independent re corrib and vermilion

Corrib owner has 'no plans' for further drilling at gas field off the west coast

Energy prices have soared following outbreak of war in the Middle East.

By JOHN MULLIGAN

Canadian energy firm Vermilion Energy, the majority owner of the Corrib gas field off the coast of Mayo, says it has no plans to drill additional exploration wells at the site, even as a surge in energy prices threatens a longer-term structural change in the global fossil fuel market.

The war in the Middle East …..

The destabilisation in the Middle East has again heightened concerns about security of supply, just four years after Russia's full-scale invasion of Ukraine intensified a Europe-wide energy crisis.

In 2021, then environment minister and Green Party leader Eamon Ryan secured cabinet approval to introduce legislation to ban licences for new oil and gas exploration. Decades of exploration activity around Ireland's coasts have yielded few returns, however.

The Corrib field is the only large-scale indigenous natural gas asset in Ireland. It has a remaining life of up to 15 years, but production is already on a natural decline curve.

During the winter that has just finished, Corrib was estimated to have provided about 14pc of Ireland's gas demand. All other gas demand is met with imports from two interconnectors between Scotland and Ireland.

Vermilion, which owns 56.5pc of the Corrib field, said that Europe has exited the winter period with gas inventories that are "well below” the five-year average. It added that the need to refill gas storage ahead of next winter is expected to be "positive to gas fundamentals”.

Corrib will be affected for 32 days during the third quarter of this year as part of a planned maintenance programme that occurs every five years.

Vermilion, meanwhile, is focusing its European investment activity on Germany and the Netherlands.

The company released its fourth-quarter results last week. During a call with analysts, its president and chief executive, Dion Hatcher, confirmed that the company has no immediate intentions to undertake any additional drilling at Corrib.

"We don't see any drilling activity in Ireland,” he said, adding that its onshore activity in Germany is currently a key opportunity that it's focused on.

"When we look at it from capital allocation, we really like Germany,” Mr Hatcher said. "Ireland's a great asset, the team's optimising it, it's super steady and generates strong, strong cash flow, but no plans internally to allocate capital to drilling in Ireland just given the strong opportunities that we have in Germany.”

Here is an article from today’s Irish Independent.

Are vermillion sending a message to the government - make it worth our while . Note this sentence and word “immediate”

“its president and chief executive, Dion Hatcher, confirmed that the company has no immediate intentions to undertake any additional drilling at Corrib.

The article

“Corrib owner has 'no plans' for further drilling at gas field off the west coast

Energy prices have soared following outbreak of war in the Middle East

By John MULLIGAN

Canadian energy firm Vermilion Energy, the majority owner of the Corrib gas field off the coast of Mayo, says it has no plans to drill additional exploration wells at the site, even as a surge in energy prices threatens a longer-term structural change in the global fossil fuel market.

The war in the Middle East …..

The destabilisation in the Middle East has again heightened concerns about security of supply, just four years after Russia's full-scale invasion of Ukraine intensified a Europe-wide energy crisis.

In 2021, then environment minister and Green Party leader Eamon Ryan secured cabinet approval to introduce legislation to ban licences for new oil and gas exploration. Decades of exploration activity around Ireland's coasts have yielded few returns, however.

The Corrib field is the only large-scale indigenous natural gas asset in Ireland. It has a remaining life of up to 15 years, but production is already on a natural decline curve.

During the winter that has just finished, Corrib was estimated to have provided about 14pc of Ireland's gas demand. All other gas demand is met with imports from two interconnectors between Scotland and Ireland.

Vermilion, which owns 56.5pc of the Corrib field, said that Europe has exited the winter period with gas inventories that are "well below” the five-year average. It added that the need to refill gas storage ahead of next winter is expected to be "positive to gas fundamentals”.

Corrib will be affected for 32 days during the third quarter of this year as part of a planned maintenance programme that occurs every five years.

Vermilion, meanwhile, is focusing its European investment activity on Germany and the Netherlands.

The company released its fourth-quarter results last week. During a call with analysts, its president and chief executive, Dion Hatcher, confirmed that the company has no immediate intentions to undertake any additional drilling at Corrib.

"We don't see any drilling activity in Ireland,” he said, adding that its onshore activity in Germany is currently a key opportunity that it's focused on.

"When we look at it from capital allocation, we really like Germany,” Mr Hatcher said. "Ireland's a great asset, the team's optimising it, it's super steady and generates strong, strong cash flow, but no plans internally to allocate capital to drilling in Ireland just given the strong opportunities that we have in Germany.”

Vermilion significantly boosted its stake in Corrib

Oil now at $110 per barrel in Asian trading

EOG & PRD should come together and hire one of the big 4 accountancy firms to write report on giving a 40-50% tax credit for drilling for natural gas to existing licences - to replace the current tax allowance system which only favours 1 company.

A generous tax credit says- we want energy companies to drill and we will help minimise the risk .

It is done at the moment for tv production- a huge number of mainstream American quiz / game shows are actually filmed in Limerick/Dublin as they get refundable tax credit of about 30 to 35% of eligible spending to a spending cap of €125m .

Not to mention the hundreds of millions spent in the last few years on domestic credits for gas bills .

Surly a tax credit of 50% on spend for drills on existing licences which would transform ireland’s energy security is worth it .

Certainly worth more than American game shows and politically must easier than issuing new licences.

At the moment, we do this for tv production- many American quiz / game shows are actually filmed in Limerick/Dublin as they get refundable tax credit of about 30 to 35% of eligible spending to a spending cap of €125m .

Surly a tax credit of 50% or about €30m spend on a drill which would transform our energy security is worth it . Certainly worth more than an American game show and politically must easier than issuing new licences.

EOG needs to reframe the situation and persuade the government to offer 30-50% tax credit for drilling inishkea.

At the moment, companies can only reclaim development /drilling cost from “ petroleum profits” ie tax allowance system which means it’s only available to Vermilion.

But a tax credit says we want energy companies to drill and we will help minimise the risk .

Part 2:

A gas price spike should not trigger a massive over-reaction when it comes to exploration policy. Equally we shouldn’t bury our heads in the sand. Gas is treated differently to oil in EU environmental regulations. Why not change tack for gas but not for oil?

The Danes are expanding their drilling programmes. And the Norwegians, who have been massive winners with their exports since the Russian invasion of Ukraine, are also showing no signs of easing up on exploration.

In the UK, energy minister Ed Miliband is under pressure to open up the North Sea for new licences and drilling.

There are real benefits to having a reliable, steady flow of gas from Irish waters, as has been demonstrated by the Kinsale and Corrib finds.

A trickier question is whether this would actually bring down our gas prices. That it would isn’t guaranteed, because the UK market tends to set the price for gas purchased in Ireland, and that would likely include any new find off the west or south coasts.

When oil prices come down, retail prices slowly descend

However, purchase contracts could be negotiated and it would provide a significant security of supply, even if it didn’t drive down prices significantly.

The other big benefit is around the carbon footprint of imported LNG or British ­interconnector gas, versus gas sourced in our own waters.

The carbon intensity of imported gas into Ireland is estimated by industry consultants to carry 12 times more CO2 than indigenous gas from offshore Ireland.

Meanwhile, in the wake of the attacks on Iran, we have seen price gouging on an industrial scale when it comes to fuel.

From today’s Sunday independent national newspaper.

Part 1:

“Things are bad when the British energy minister says the UK is “exposed” to rising energy prices.

If Britain is exposed, where does that leave us – given that all the gas we import to generate electricity comes from there?

The surge in gas and home heating oil prices in the last week has been quite extraordinary. The Taoiseach can talk about price gouging all he likes – and it is going on.

But government policy over several years has failed to insulate us from more of the vagaries of a warmonger in the White House.

We have had two big commercial gas finds in the last 50-plus years, the Kinsale and Corrib fields. The chances of finding any more were massively hampered by the decision in February 2021 to stop issuing any more exploration licences in Irish waters.

The world was a very different place in February 2021.

We must move faster to progress any viable gas find in Irish waters.

Whatever about oil, gas remains a vital energy source and will continue to be well into the future. Average wholesale gas prices in the UK, which shapes our market, were 46p per therm in February 2021. Today, they are around 143p.

Wholesale electricity prices in Ireland in February 2021 were about €57 per MWh. Before the Iran war erupted, they were €126 per MWh (that’s €0.127 per kWh).

But wholesale prices don’t tell the half of it. We consumers pay a hell of a lot more – we pay around €0.363 per kWh.

Surely, the Government must move faster and do what it can to progress any potentially viable gas find in Irish waters? Exploration off Ireland is notoriously expensive and financially perilous. Only about one in 60 drills delivers something.

But Europa Oil & Gas has a gas find close to the Corrib field, which could utilise the infrastructure already in place from that previous supply.

Known as the Inishkea field, Europa believes there may be as much as 1.55 trillion cubic feet of gas there, which would be larger than the Corrib find. And Corrib provided about a quarter of Ireland’s gas needs.

Europa had a licence before the February 2021 ban but it has sought to extend that licence. A phase one extension application is still under consideration with the energy department.

Meanwhile, after years of dithering on whether to build an LNG storage facility in Ireland, we are now playing catch-up in this area too. The concern was that imported LNG gas could have been fracked in the US.

But we have been importing gas from the UK for years, through the Ireland/UK Moffat interconnector – and much of it comes from the United States.

The share of UK imports in our gas mix has been above 60pc since 2020, and was recently around 80pc. Around 25pc of UK gas is LNG, and more than half of that comes from the US.

A gas price spike should not trigger a massive over-reaction when it comes to exploration policy. Equally we shouldn’t bury our heads.