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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 dont like posting links.

read the news.

it seems the climate emergency bill may have been blocked by the money message requirement

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.

Money message

the icemax moved from gibralter to falmouth a few weeks ago.

It appears to be sitting in wait for the go ahead to move round the coast onto SW ireland

why is inishkea an LO and not an FEL?

seapulse own azeire which has licences in ireland

dunder

you are making your own timelines.

the timelines in news issued by europa and on their website is summer 2019 being aim for farmouts

Maybe tomorrow morning?

On website

assuming europa's if left with 30% after farm down

Anthony
you mention what it might be worth.
we have a guide in that shell sold a 45% holding in corrib (1TCF) for $1.3 billion making the whole field worth around $3billion

so $3billiion x 1.5tcf= $4.5billiion and 30% = $1.35 billion mean

so the high p10 would be $3billion x 3.6tcf x 30% = $3billion

do the calculations for value per share!

1 in 3 chance (comfortable)

you can read to much into things sometimes but is this "awaiting an investment decision" due to an invesmtment budget commitment to drill inishkea?
as normally there is no invesment needed with a farm in just a change in ownership to start with

i suppose europa has already done all the work and is working up drill sites so anyone farming into the licences must surely be farming into a drill ?

Leverage for Spain to regain Gibraltar? Typical remainer comment.

We have the Royal navy, Air Force and army to stop that.

I'm with you Rudey

things might be a bit difficult for a while then we will be better off. I expect other European citizens will vote to follow us out in the next few years.

it is my opinion that this fund raise is directly related to the farm in

may be it tips the deal the right side of an NPV investment level or just down to timing and budget allocation

can anyone think of any reasons now why the idea of a 2019 drill was put out?

If you just sign up for licences, do nothing or the bare minimum and farm out which some did on their porcupine licences they ended up with 10% share. By doing the extra work on inishkea we may end up with 30% or more which for an NPV 10 of £1 billion is well worth it. So the bod's decision stack up financially plus it keeps things moving and hopefully at the front of the queue
we see from the post yesterday they seem to have been talking to Vermillion