Member Info for Rudey

Vermilion said it would look to do deals with other oil and gas companies exploring in the waters around Corrib, either by allowing those companies to use the Corrib infrastructure to transport gas, or by buying stakes in those companies.

Isn't that what Anthony posted yesterday that came from jusmasel?

That's how deals are done, isn't it dunderhead? Who's suggesting they'd be a charity? No one as far as I can see.

We know any production offshore Ireland would be years away, surely? I assume there would be stages towards achieving production that would positively impact on the share price (farm outs, drilling etc). I don't see that 2024+ date as being the next stage, but the last stage.

Vermillion seem keen.

'Other companies actively exploring acreage adjacent to Corrib; would make sense to
tie into our infrastructure to increase throughput/reduce costs or obtain equity'

This is the sort of information I was referring to from jusmasel.

AJED, they will have spoken to the council lawyer after the meeting, and come up with what they consider to be the most defendable excuse. From what I read, nothing had any substance. In fact, they appeared to have such arrogance that they acted as though they needed no grounds to make their decision on.

I queried the timing of the placing when it was announced. They obviously felt Wressle would fail (looking at the wording of the RNS again tells me that), and they need the placing funds in order to progress the farm out.

The share price has dropped because of Wressle, which is exactly what they expected, so they got the placing done first. The open offer funds (if enough) are to fund the least essential work, and may have been included to allow shareholders a chance to buy cheap shares, which had Wressle succeeded, they certainly would have been. I was going to buy in the open offer if Wressle passed, obviously. Who wouldn't want to buy shares already valued at 5p for 3p, but I have been very happy to take advantage of this lower price instead.

As CCF pointed out, they got institutional investors to part with £4m @ 3p. The instis are not going to do that without seeing something very attractive.

imo

,

https://drillordrop.com/2018/11/28/live-news-updates-at-decision-meeting-on-europas-wressle-oil-production-scheme/

https://drillordrop.com/2018/11/28/live-news-updates-at-decision-meeting-on-europas-wressle-oil-production-scheme/

https://drillordrop.com/?s=live

should appear here at some point hopefully

I don't think so Tovoc. DrillorDrop will probably do live reporting.

2pm start

If I remember correctly the 1p party was first suggested by KublaiKhan. Will he/she still be around for it? Where is Budge? AZ? Hopefully they're still in for the fun. As you say Mix, if Wressle fails the bigger opportunities are about to happen.

All things bright and beautiful?

I don't mean to cause offence dunderhead, but you seem to give more weight to tittle-tattle than you do the potential drivers of the share price.

The research he presented seemed to be mostly from obscure newspaper articles or significant news releases from relevant companies, rather than optimistic ideas, in my opinion dunderhead. We obviously have a very different idea of what is worthy of note, and what isn't.

It's been a while since he posted. I would be very curious to know his opinion about the current situation. I think he did far more research than most who have ever posted here.

With THAT planning committee, nothing is a sure thing dunderhead. I think they'll find a reason to defer, but am praying I'm wrong of course.

Mr B, I'm not missing that wanker one little bit.

Big day tomorrow. Good luck all, we're going in (well, DB is anyway).

I was going to buy in the open offer, but couldn't resist using the funds I'd set aside to buy sub 3p - and I can be sure of getting the full allocation I want. If Wressle gets approved tomorrow, surely straight to 5p? Time will tell.