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In one of Oddie’s video presentations from a few months back, he made reference to potential Inishkea JV partners waiting in the wings.
My guess is that there is a lot of unseen activity initiated by the recent licence extension.

My view is that if EOG finds a JV partner then it is green lights all the way, subject to a successful appraisal.

At least there’s a decent tailwind for the share price for the next 12 months or so …. people will buy in - albeit slowly - as Inishkea could be huge.

Best news in ages and people are selling ….

Eat my hat time.
Oddie’s got 14 months to sort this out rather than BEY’s 21 days.
Hopefully a JV partner within six months???
Very under-priced now

SO will be running around trying to find, at very short notice, one or more farm-in partners for Inishkea. If it’s just one partner, expect a chunk of Inishkea to go for a song.

My bet is on i3e picking up a chunk of Inishkea at a very favourable rate for them. However, this will put Inishkea back in the frame and something is better than nothing.

I really hope he had planned ahead and had several potential farm-in partners waiting in the wings…..

It’s reported that EDR has got a gas-to-power scheme planned for year end. It might not be then but it will be soon thereafter I suspect. Increased production will help EOG’s share price recover.
A whiff of any progress on Ireland and the price will rise substantially. However, the odds of this look slim at the moment, but lots of reasons for some progress with Inishkea.

For GBP to meet their licence conditions, don't they need to shoot 2000km2 of 3D before the end of the licence extension period? To get the calm water for best 3D results, this needs to be done by end of September.

But no mention of that in today's RNS....

Am I missing something?

UJO RNS - Wressle production looks good ??

That leverage may help sort out the NI protocol

The main concern for the protesters was the location of the landfall site and pipelines, hence the name of the protest group being “Shell to Sea” - their proposal was for offshore processing.

The green lobby has a difficult argument against the much lower CO2 footprint of producing gas locally than shipping it half way round the world from Qatar or wherever.

Add to that the energy security benefits, and many Irish citizens will want this.

As for who might farm-in, probably a mid size firm from North America, hopefully US or maybe Canada. Failing that, large French if they’re interested. Just speculation.

The Irish Govt has effectively announced a green light for Inishkea. The market is being rather slow to absorb this massive step forward.

Wressle is great. Serenity adds spice. But Inishkea is on another level completely.

Patience, as ever.

Link: https://pemedianetwork.com/petroleum-economist/articles/upstream/2022/letter-from-south-africa-optimism-reigns-but-challenges-lurk/

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Snippets include:

re Graff & Venus "...both discoveries are in ultra-deepwater, and metocean conditions may be a challenge. This will undoubtedly add to development costs."

Generally: "The Namibian government has demonstrated its commitment to the development of the upstream sector. Fiscal terms are fairly favourable, and there is good momentum and a certain buzz in the country overall. In addition, there are indications that an onshore petroleum system could be in place in the Kavango, although this might be a bit more difficult to pursue, given obvious environmental hurdles.

Namibian NOC Namcor is also stepping up its game. It plans to expand beyond Namibia and has recently picked up acreage in neighbouring Angola, with stakes in the producing block 15/06 and exploration/pre-development blocks 23 and 27. The process of contract negotiation is already well underway."

GBP targets are in shallower and cheaper waters. Interesting that Namcor is heading over the northern border into Angola. Prospectivity up and down this coast line.

Quite a biggish move only lowish volume. A couple of those buys are mine :-)

Makes you wonder how far it will move on positive news…

Assets in right place at right time will give good growth but too early to say re 50p

Hopefully, EOG are in talks about a farm in already

Before the open, I thought the share price was going to get punished today.

Loads of sells but a tick up. Someone with money sees this as being near the low and, I suspect, may have a better idea of how i3 is positioned than the general market.

Okay, not walked then, but were unable to proceed with the 90 days exclusivity period because of their structural issues.

GH said that the JV partner walked because of theJv partner's own 'structural issues' and not because of Liberator or i3, iirc.

PP is correct - the 90 days started from 27th June.

I3E management could always announce an extension to the exclusivity period, though I really hope it's all announced soon.