Member Info for isdeer

Stas,
That’s over 10% divi at todays prices, nearly keeping track with UK inflation.
WOW.

5.5p to 22p is a 300% rise, anyone posting here who bought at 5.5p?
I initially bought at c20p and have continued to buy, I’m not happy with the price.

maybe Monday?

Pete,

Why not just say nothing, as that’s all you have to offer.

The geothermal project must have moved on, it’s nearly a year since it started.
Is there farther info regarding Serenity that needs approval.
The delay in delivering the financials only has me guessing as I can’t see why, probably the same for everyone invested here, surely all the negatives are known.
Wressle has thrown off a lot of cash, they have £2m leftover from the serenity drill.
Do we have a further deal they need approved they want to mention but can’t until it’s signed off.
Whats the delay and what are they waiting for if that’s not the case?

I’m adding on the dips, when I have cash available, it’s a long term hold for me.

Panamapete,
I have to assume you weren’t expecting 7% month on month, or £859.56 in dividend payments for every £1000 invested per year.

Ken,
Not invested there, not on TSX.

Ken,
Just bought at 23.869p, spent £999.88 for 4189 shares, divi on that is 7.123%.
Up or down, who knows, just adding when I can.

Tony, ex dividend in an hour is so, it currently over 7% if you buy here.

Tony

Eog reported they produce 257 within an RNS
A near 10% difference in oil production isn’t that big?.
£2-3m isn’t that much?, it’s a hell of a lot in cash when you only have a market cap of £12m.

Bladey,

Let’s hope there is something going on in the back ground, they do have the cash to upgrade already producing fields, hopefully it’s something way bigger and running in parallel.

Tony,
It’s also an interesting fact that EDR, one of the wressle partners produces less oil, has less cash and is valued well in excess of EOG.

Circa £4m cash, no debt, wressle oil production and the assets listed below for £12m, it’s a steal.

Europa Oil & Gas (Holdings) plc has a diversified portfolio of multi-stage hydrocarbon assets which includes production, development and exploration interests, in countries that are politically stable, have transparent licensing processes, and offer attractive terms. Production for the year ending 31 July 2022 was 245 bopd. In April 2022, Europa farmed into P.2358, Block 13/23c ("Serenity") in the Outer Moray Firth area of the North Sea. The licence contains the 2019 Serenity oil discovery, in which Europa now has a 25% interest. The Company holds one exploration licence offshore Ireland, which has the potential to host gross mean un-risked prospective resources of 1.5 trillion cubic feet ("tcf") gas. Inishkea is a near field gas prospect in the Slyne Basin which the Company classifies as lower risk due to its close proximity to the producing Corrib gas field and associated gas processing infrastructure. In September 2019, Europa was awarded a 75% interest in the Inezgane permit offshore Morocco. Initial results of technical work have identified 30 prospects and leads that have the potential to hold in excess of one billion barrels of unrisked oil resources. In December 2021, Europa announced a collaboration between Baker Hughes and CausewayGT to conduct a geothermal clean heat project at the Company's West Firsby field. If this project is successful, it will prove the operational ability to extract and use geothermal heat from the site.

EOG with several millions in the bank, now have the opportunity to promote, market and sell Inishkea to a wider audience within the sector. The shoestring budget has long gone.
This is certainly good timing with gas prices high, hopefully the more sensible Irish politicians will look to secure their own local gas supplies and not rely on others.
Just need a partner with some clout to help push this on.

Gust01

It’s a waste of time trying to work this one out, up and down like a hoors drawers.
All we know is the mcap is way below its value and it will rise eventually.
It’s just a waiting game and I’m a patient man.

While oil is in the blue, all my oil and gas shares are down, strange days indeed.

Canetoad,

All is well then,that’s good to know.
There must be a slew of undervalued oil and gas stocks out there like I3 what an opportunity.
Best I just switch off my computer and let those who know better get on with it.

This isn’t an opportunity for me Stas, when you started buying in from the 20s on an improving oil and gas price along with production, the divi doesn’t cut it, when the sp is falling off a cliff.

No one cared about serenity pre the drill, the sp was going along nicely, the subsequent duster has knocked 100m of the mcap, EOG got of lightly.
The marketing of the company is terrible, they seem to think the figures will speak for themselves, the market will just do it’s own thing and value will eventually out.
I’m sure it will, but not at the rate investors want to see, all we are seeing for the last few weeks are just about every day daily drops, it’s NOT GOOD ENOUGH to say I3 is undervalued, the investors need action by the directors to stop the rot.