Member Info for G1lo

Funny that there is always a (negative) twist eventually with SLE. OF has great ideas and grand plans but he seems to always over do it and over complicates things. He can't do simple. He eventually gets entangled and has to find a last minute solution to the very problem he created by his over enthusiasm. He can't help himself. I have a friend who's like him. He likes doing things his way, an unconventional way and rather secretive. He gets himself into a mess and then spend the rest of the year trying to get out of it. Deep down he loves it. Simple is boring. To be fair he seems to always find a way out, a bit like OF but he also repeats it all again on a another "project" and nothing moves forward. He is like that. So 10 years plus later I m still waiting and hopeful that the ambitious but complicated mind of OF will eventually prove everybody wrong.

Typo : "messed about" "can change the law"

Saw that too. We ll find out eventually. LG is not here for fun or being about. The law and rules are on BEY side whatever ER believes, think or want. He can't change the law maybe but will cost the tax payer. The court will tell exactly how much.

These extensions sound stupid now (they actually did for a while already). Lots of copy paste and bla bla which translates as nobody's agreeing/ cares/has a clue. If it so good for all parties then it would be long done. But it s not. Now it s March. He might as well say sometimes in the future in 2023, 2024 or just say nothing because nobody believe nor care anymore about these meaningless RNS. After a year suspension the price went down. So if that deal ever complete don't bet on the price shooting up as there is zero interest from the market or anyone and can you blame them after so many years?!

Ryan s having the energy part removed from his portfolio during next month cabinet reshuffle wouldn't surprise me and convenient for the government.

I don't think that s going to amuse Goodman and others much. If that is not taking the p... Ryan is trying every approach possible to have the licence cancelled. Let the company wait for 18 months and then
set an unrealistic and out of the norm request with a 3 weeks deadline. At least things are moving but shows that government can not be trusted. Ryan is playing games. I can't see the main shareholders putting up with it.

Stuart has a point. If you have to use fossil fuels you might as well use your own. And even the greens can't say it makes more sense to import it.
https://www.bbc.co.uk/news/uk-england-63184412

France is doing it.

He might not but his successor will and in the meantime if he just refuses it the government will get sued. He s trying to buy time and hoping to be miraculously proved right somehow eventually unfortunately for him the situation keeps on going the other way with the Irish energy situation getting worse and worse as winter approaches.

Very true Donald, still if EOG is then given the go ahead by Ryan it makes it harder for him to keep on ignoring and blocking PVR from advancing Barryroe.

https://www.londonstockexchange.com/news-article/RKH/successful-arbitration-outcome/15599399

At the end of the day it either will have to be signed off eventually or the state will be sued if not and pay compensation to Providence. No doubt the state will drag their feet in courts but can't see any downside, money will come either way, just have to wait. Goodman didn't just join now to loose money.

Thanks Harka, much appreciated. Very good summary of the whole deal. Looking good and looking forward to the share price to double now followed by juicy dividends . Can't believe one can still buy at a lower price than pre suspension.

Eamon Ryan will eventually sign it off because he knows what s coming if he doesn't and there is not much he can do about it apart delaying the inevitable ; the law is not on his side. https://amp.theguardian.com/business/2021/jul/25/outrage-as-italy-faces-multimillion-pound-damages-to-uk-oil-firm (old article but very relevant and informative)

https://www.energyvoice.com/oilandgas/africa/ep-africa/427312/nigeria-san-leon-fanning/

It had better be good! Surprise us for once because I m kind of done with the two months extension every two months now

"We cannot afford to ask the Netherlands for more gas and continue to refuse to extract our own gas," Minister Bernd Althusmann of Economic Affairs of the state of Lower Saxony announced on Tuesday."
That is pure simple common sense. What is not is issuing licences and then doing your best to prevent moving forward. Doesn't do much in terms of image and trust.

https://www.breakingnews.ie/amp/ireland/hauliers-protest-to-bring-complete-lockdown-to-dublin-1288281.html

Hence Ryan will have to concede eventually whether he likes it or not.Strange that PR company we are supposed to have is not more vocal about it. What is the point of them then?

Thanks for that link brend. John Mullins is into renewable and even him acknowledges that the government is currently sitting on the Barryroe licence and doing absolutely nothing with it (2m45s). Ryan, wake up and start doing your job which you are paid for by the taxpayer.