Member Info for Seedcorn

Thank you Tacuma. Reading from the link information I suspect that rather than trying to make an immediate purchase in the usual way then I may have to try a limited purchase order. I am trying to average down but with the spread at its' current level I woud be paying over the odds. Never-the-less I am curious that the sp is yoyo'ing so much each day recently (8%-12%) if the volume is so low to impact the spread negatively. Can those buying and selling really be making anything I wonder? Food for thought. Much obliged.

29% spread on the sp. What justifies that? Any ideas please?

I had the same problem with HL. Strange indeed.

Thank you so much for the link. Real clarity of thought expressed. It will be interesting to see were we go from here. Regards, Seedcorn.

An ambitious dream! I only had cigarette lighters in mind!

Hi Jeevescat, I've not really been following the discussion here for a while. I first had ITM on my watch list for 33.5p and regretted that lack of funds prevented me buying in. I've just sold part of my holding in PHE on the recent rise and would hope to buy in here but the sp is, for me, way over the top at the moment and this rns confirms my view. It would be nice to see other analysts opinions if you or anyone else has a suitable link it would be much appreciated. Regards, Seedcorn

Perhaps ‘silence is golden!’

Great to have the feedback from everyone who attended. Many thanks for that. I get a sense of Dave being a very straight down the middle type of individual and had that since I started holding Keras probably three years ago now. I wish I had the means to increase my holding. (If wishes were fishes the sea would be full - as a friend once told me!). Looking forward to the future news flow.

Tacuma your comments are spot on! Regards, Seedcorn

... not really clear to me! The presentation has been flagged up in recent interviews discussing Ireland offshore. Not impressed that talks about a farm out with a major now celebrate a first birthday. The same story is being repeated over and over and yet nothing gets over the line to give this share any substantive added value. I realise that Hugh and others on the board are vested in this share too but they really do need to get a result pretty soon. Oh well there is always Wressle. Very frustrating as investments go. Does anyone agree?

I get the feeling that patience will be rewarded with this share. The recent interview video on Proactive Investors showed the ambition that Sir Martin has for the company. I just hope he can keep up the breakneck speed of growth and find more companies suitable acquisition/ merger. Just my own views.

Normalguy, when asked in the past Malcy has said he has been unable to get access to the UKOG board to have a chance to discuss and assess the company by means of an interview. Hence his lack of comments. Regards, Seedcorn

If no news is good news then perhaps I could be a little excited about this share? After all the hype of previous years the silence from the Sound board is so uncharacteristic that it makes me feel uneasy. If I am not mistaken we still have a target for some sort of LE outcome information prior to Christmas. If not I feel it would poor form if we do not get some sort of update to let us know what, if anything, is going on? I have seen comments here and elsewhere about James & Co being involved with NUOG. If that is the case then I am concerned their energies are diluted where Sound is concerned. For goodness sake we need this share to make good before the board start playing around with other distractions. Does anyone agree?

Heidelberg I can only agree with you. The BOD are just not delivering tangible value for investors. In fact they are too wrapped up in their own world of technical analysis to see what is going on elsewhere and so miss the political and economic consequences that impact on the very value enhancing opportunities they hope to take advantage of. If only they could get one, yes just one, project over the line then we might see some positive response in the share price. I am not holding my breath.

The debates on this subject in the Irish parliament were well covered. It is worrying that EOG is only now seeking clarification. I am quite concerned with the disconnect between the board of this company and the concept that they need to work in and with the real world that shareholders inhabit. To only now seek to clarify the economic potential for their flagship asset whilst trying to get a farm-in seems to me to be rather odd? Maybe I am not being fair? Just my view.

Hi Serif, I saw the video and tried to put a comment earlier but there was a system blip and it would not post. I notice their intention to make a different type of acquisition next time round. Thank goodness! It is fine they gain new license allocations but the risk factor is too high if they are all like that and the practical outcomes almost out of reach. Yes, comment on the part of portfolio we all want to hear about was lacking. That news is much needed I believe. GLA

Tovoc, I like the way you sum up the situation. Looking at the Company strategy shown on their website it says in the first paragraph: 'Europa's objective is to create a significant liquidity event for its shareholders through a successful drill up of its high impact exploration portfolio in Atlantic Ireland and discovery of oil and gas.'
Well, let's hope they do. The ultimate proof of the back-room work is the action with the drill bit. Getting to that point is proving the hard part. GLA

The RNS has not shifted the share price so I wonder how widely it was read? It is great Europa has been awarded the licence but two (more) years of waiting is not going to add to the value of the share .... merely soak up valuable cash resources in salaries, and there will be a further two years before getting to something like a drilling prospect status. While this new prospect is underwater, so is my holding! Acquisitions I would expect to add value. So far the market has not acknowledged that in this case. After the SOU experience (yes, I am in there too - underwater in the middle of the desert!) my faith in yet another Morocco prospect is somewhat lacking. So let's have an interview Hugh. Look into the camera and convince us why it is worth sticking around for this one? While you are at it please update us on the news about the Irish Sea prospects, how the farm-in is progressing and when can we see some outcomes that will beneficially impact the share price with added value. Oh, and yes we must not forget the Wressle outcome too. GLA.

Looking forward to the full year results if this is only the half year performance. I hope the SP shows some reflection of what is happening here. This is a long term hold for me.

Many thanks to you Tacuma, Crushcutfluor and Dunderhead for your considered replies. I take the points made and agree that a big company approach does not always cut it in a very small entrepreneurial company environment. It is good to have ideas and opportunities and all the brain power to identify what 'could be', The main thrust of a small company can only really benefit from all of that if things are not over-thought and there is a real hunger to get them over the line. PEDL 143 at Holmwood comes to mind. There was so much dithering about that project. It was obvious the site selected was problematic in terms of vehicle access down tree-lined country roads and naturally objections abounded. Nothing concrete was done to resolve the approach from EOG as far as I could see and yet they were the operators. No dynamism, drive or real practical interest and consequently a hasty retreat ensued. When I have seen Hugh being interviewed he has mentioned knowing where the Irish potential farm-ins are, in terms of the processes within large company showing interest. I don't get a feeling of him really going after the prize and I feel he could put pressure on them if the potential is as good as he believes, especially after such a long delay. Indeed if the potential is that good then we should have a queue outside the data room door! Either we have something that really is going to capture the imagination of the big boys, or we have not. If it is the latter then let's move on but the objective for all involved is creating value, asap surely? The CEO does I notice have some skin in the game (5,700,000 shares), so I guess he may have some interest in a positive outcome, and he was able to convince institutions to invest their money too . In the meantime politicians in Ireland recently completed a very useful debate about their energy needs in future. It would be excellent if EOG could be central to resolving that issue when it comes to their gas supply. I won't hold my breath although I shall continue to hold my shares for now ....... but not indefinitely! Good luck all. Regards, Seedcorn.