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there is an article in the press saying the irish attorney general is saying ireland is facing fines from the european commission because of its lack of energy security and it has underplayed the vulnerability of its gas supplies
The RNS said the decision to appoint a new CEO reflected the strategy to add to the appraisal/development part of the business.
I think the place to add appraisal and development is very likely to be West Africa. So needs someone with experience of wherever the projects may be. It makes sense. Ireland work is complete really, just needs to be farmed out. Its a good board decision.
One of our current directors is on the board of Eland oil and gas, who operated appraisal and developemt projects in West Africa.
Eland has just sold its business in Africa with completion expected end of 2019.
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i think it is a clause which basically means that before any bill is passed the government must be able to justify the cost of passing such bill as they shouldn't waste irish tax payers money and unless the money message is granted by the government the bill doesn't proceed
i think the only time you can offload shares in bulk is where there is demand from buyers so it seems to me the institutions or big holders await good news and then sell.
i don't read too much into it. they probably need cash for something else. i'm sure they don't have eggs all in one basket
Article 17.2 Constitution of Ireland
Dáil Éireann shall not pass any vote or resolution, and no law shall be enacted, for the appropriation of revenue or other public moneys unless the purpose of the appropriation shall have been recommended to Dáil Éireann by a message from the Government signed by the Taoiseach.