Member Info for Joyride

That explains Vermillion's reluctance to farm in then

Https://www.lse.co.uk/rns/I3E/2024-capital-budget-and-production-guidance-t3csrql5dqf7lb4.html

"UK Operations

The Company continues to evaluate development options for the Serenity discovery in consultation with its partner and the North Sea Transition Authority. There is no capital budget associated with this work in 2024."

Https://www.lse.co.uk/rns/EOG/

How come Panoro Energy acquired their licence for free but we had to pay $3million for 42.9% of an 80% interest?

Https://www.beosevent.com/exhibitors-and-sponsors/exhibitors/

Europa Oil & Gas (Holdings) plc is an AIM listed exploration and production company focused on high impact exploration in Ireland together with onshore oil production in the UK. Europa is a leading explorer in Ireland with highly prospective gas licences around the Corrib field with near field exploration and capacity at the Corrib pipeline in the event of discovery. The company produces around 30 BOPD from three onshore oilfields in Lincolnshire and has 30% of the Wressle oil field that is currently producing (July 2023) under free flow around 600 BOPD with minimal water cut. Site upgrades are ongoing and production is currently from one reservoir with two additional reservoirs currently not in production. Additional prospectivity will be developed within the Wressle/Broughton area where discoveries have been previously made. Europa has a 25% stake in the Serenity discovery in the Moray Firth with I3 Energy and is working to bring this discovery forward towards development. Europa actively supports the energy transition and has previously been in a collaboration between Baker Hughes and Causeway GT to conduct a geothermal clean heat project at the company’s West Firsby field. The company is actively looking for new business opportunities both in Europe and Africa and applied for acreage in the 33rd round.

Yes, EOG has been a good share for offsetting profits

Where are they going to get all the gas from?

https://www.bbc.co.uk/news/science-environment-68538951

So you see no value in the assets or the BOD but as a shareholder you must believe the shares represent good value. Are you waiting for a takeover ?

There is also a positive correlation between negative sentiment in this board an low share price. How can we expect anyone to invest if existing shareholders denigrate the company

It doesn’t get much more opportunistic than 1p per share to buy us out, we are so vulnerable to a lowball takeover at this price

@Bubble we were led to expect CPR & FDP for Wressle, FDP for Serenity and Inishkea farmin this year, so it should be a news packed AGM

“Our natural gas supplies and infrastructure are adequate to meet our demand projections“

If I sold out at 2.2p and then the Inishkea licence extension and farm-in happened I would feel I had been robbed

Does anyone have a history of fund raises over the last 5-10 years (offer price)?

Would like to challenge the board on their view of current share price given the history of offer prices, and a succession of 'another successful year' annual reports

The market has had its nose rubbed in the valuation but still doesn’t get it

@isdeer you don't get option 2 if it is a cash offer

@Alxo plus offset sunk investment in Serenity against Wrestle PRT

That's my worst fear, there is massive upside potential here which is undervalued by the market even at 100% uplift to current sp.

@itsawrap thanks. Pity UJO don’t check the grammar before publishing the RNS.

Any idea what is the cost of sales figure in order to calculate net revenue? I seem to remember something in the region of $11 per barrel production costs?

That's not my reading of the RNS:

"net revenues, in excess of US$15,000,000 have been achieved from the Wressle hydrocarbon development ("Wressle"), located within licences PEDL180 and PEDL182 in North Lincolnshire on the western margin of the Humber Basin.

Union Jack holds a 40% economic interest in this development."