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Thankyou very much for posting Grey Panther.
Very much appreciated.
3 million at 1.24p
Good Luck Tacuma.
Nothing priced in then for Serenity either then
Hopefully we'll hear more regarding Serenity when they present at the Proactive
event beginning of January.
Or we go the RKH route. One way or another something will give eventually. Pressure is definately mounting.
Thanks for posting the PRD link
This on one of the UJO forums this morning posted by lageraemia. Take with the usual caveats.
Roofer's Hound over on Twitter is reporting a concrete base (presumably for the gas engine) is being constructed at Wressle, which brings forward the monetising of the gas.
He also report FOUR tankers per day which at 200-220 barrels per tanker suggests they are currently going in excess of 666 bpd.
Posted by Swizz on the PVR board.
"Brexit fallout leaves Ireland short on energy options"
"The EU has assessed Ireland’s security of gas supply based on a region including Britain, with whom there is no deal in the event of a crisis"
"Ireland is failing to meet European Union energy security standards, and has still not achieved an updated gas solidarity agreement with Britain since Brexit came into effect last year, the Business Post has learned."
"As a result, Ireland is left with all its gas import infrastructure running through a “third country” with no legal obligation for Britain to consider Ireland’s energy needs in the event of significant gas disruption. The island of Ireland has three gas pipelines connecting it with the British gas system. Two of these land at Gormanstown north of Dublin, while the other lands north of Belfast."
"Contacted for comment, the Department of Environment, Climate and Communications suggested it had no direct input into these discussions, but was being briefed on developments by the European Commission. Eamon Ryan, the environment minister, was also contacted for comment, but he was unable to clarify if he was aware of these talks or if he was involved in trying to achieve a new deal with Britain."
"An updated agreement based on gas solidarity between Britain and Ireland has become more urgent as Ryan has continued to cut off other gas supply options, including further gas exploration off Irish coasts. He has also said the government is opposed to the construction of LNG terminals to import gas from markets the country has no pipeline connection with."
"It comes as pressure is building on the government to ensure there are secure sources of gas in the future, as domestic supplies from the Corrib field will have reduced substantially by the end of the decade."
"Under current plans for scaling up renewable energy, total annual gas use in Ireland’s power sector is expected to fall, even as more gas power stations are built. Nevertheless, gas will remain a key baseload and back-up fuel until new technologies emerge, making gas security a strategic priority for the country."
https://www.businesspost.ie/energy/brexit-fallout-leaves-ireland-short-on-energy-options-2c2f650a
Posted by Swizz on the other board(PVR forum).
Good news for all Irish explorers.
EU to keep 'green' gas and nuclear labels
“The EU Commission is going to stick to labelling gas and nuclear power as "green" in its taxonomy for investors, EU financial affairs commissioner Mairead McGuinness told German newspaper Frankfurter Allgemeine Zeitung Wednesday. "We may be able to tweak the proposal in one place or another to address some objections, but we actually have limited room for manoeuvre", she said, after Germany, among others, complained about the labelling decision.”
hTTps://euobserver.com/tickers/154213
An interesting exchange with Tánaiste Varadkar during leaders questions in the Dáil today, in relation to rising energy costs, EU inclusion of gas in the taxonomy and existing exploration licences, his response very much underlined that the Irish government will be supportive of existing licensing and if they do indeed result in gas being found, it will be brought ashore, hopefully the Providence board were watching!, …GL S
The timeline is 31.00 to 34.00
hTTps://twitter.com/i/broadcasts/1vOxwyPoDOWGB?t=27s
Serif, Not really a follower of his as more an investor than trader, but what with the Master Investor piece, EK and now ZM Europa certainly getting some publicity at long last.
Agreed with current oil price more money should be coming back into the sector
2.8p 4-6 wks
EOG also featured today on Zak Mir/Vox Markets
Posted by Spangle on the other board. Looks like Evil Knievel has invested.
"Rather to my surprise I have lately found myself as Mark Watson-Mitchell’s foghorn. His piece yesterday on Europa Oil and Gas (EOG) caught my eye since, getting on for twenty years ago, I made quite a lot of dough in this very stock. I then forgot about it – there was a host of setbacks.
But FinnCap’s analyst has come up with a target price of 7p+. And Mark’s piece emphasises the possibility. My only gripe is that he does not offer an analysis of risked reserves. But we’ll let that pass. I this morning paid 1.7p for 1m.
Ireland also hasn't voted against nuclear or gas in the latest EU Taxonomy update which is worth bearing in mind.
Thanks for posting Serif, nice to see some interest back in the stock.
From Malcy's blog..
As can be seen from the similar comments from the company bosses, this work by ERCE is of significant interest to them all in different ways. Whatever they all decide to do though there is an immediate uplift in production and at record oil prices into the bargain.
The potential increase in revenue terms is substantial and also makes for a material rise in the asset value of Wressle, even a few weeks ago the idea of 1,500 b/d + would have been fanciful, now it can transform the profit and loss accounts of each company. Whatever they decide to do, the appeal to a larger entity may lead to Wressle being the target à la Angus of a potential bidder for the asset is a possibility, although Wressle means different things to each of the owners. For example after its good news from West Newton earlier in the week the Union Jack portfolio is bulging with upside.
Either way this ERCE valuation is a significant boost to the value of all three companies not yet in the price in the market but the accumulation of its stake in Wressle is a standout success for UJO.
Thanks for posting Yanis
Posted by Swizz on one of the PVR forums.
“Oil surged more than 50% to around $80 a barrel. It’s almost up another 10% so far this year. King said it could soon hit $100 and even $200 over the next five years due to a lack of exploration and investment to maintain existing supplies.”
“We believe in structural supply-side commodity inflation that most will not have ever seen -- the highest since the 1970s,” he said in an interview. “Only OPEC will react to price metrics and they are undershooting every month.”
hTTps://www.bloomberg.com/news/articles/2022-01-13/commodity-trader-king-eyes-200-oil-after-record-hedge-fund-gain