Member Info for SelfishMcNimby

Of course IIs sell at a loss on occasion. It depends upon their timeframes and perceived priorities. They don't have the flexibility of us PIs.

Dan
'to put 10% of our major income on the line to fund it is quite simple reckless.'
The 10% is secured in case they need to do a sidetrack in the event of a successful drill, so not a risk.

Yanis, I don't know if you've noticed, but we have a large seller depressing the price at the moment.
Regarding UJO doing PR better than EOG, UJO last did an interview 3 months ago. EOG was 2 months ago, so I'm not sure quite what you mean. If you mean getting bloggers to promote the company, that's different, but they normally have their fingers in the pie, so have a vested interest.

Flying from 53.40 to 48.50, Yanis. So more of a swoop than a fly.

The market makers delay big trades for days sometimes.

'they have put our money where their mouth is'

So you held EOG shares at the time of the placing, Tony?

He didn't stress WE BELIEVE. He stressed ALREADY. Why are you changing the emphasis of what he said?

https://www.youtube.com/watch?v=dXDiKBhQSAo&t=1037s

"Incidentally, there are sufficient reserves here we believe, ALREADY discovered, for this to be developed."

Simon Oddie

There's no doubt in my mind that Europa have put a quality team together for a very good reason. It's unusual for such a small AIM oiler to have so many reservoir engineers, geophysicists and geologists, so in my opinion they are expecting to be kept very busy in the coming months. Will it all be in the P.2358 licence area, or are they eying something else too?

We are getting regular updates on the Stena Don's supply ship positions, so although the Stena Don's position seems to have gone quiet, perhaps we can get an idea where it is from where the supply ships are?

'these additional funds will ensure that we have sufficient working capital to progress all of our assets under the potential growth scenarios that we are modelling'

Of course this statement could include new assets, so FD & Serif, you could be onto something.

God, it's relentless!!

According to your figures, David Bramhill was lying when he released his $9m RNS - it should have been $4m. You really are a prat, Tony.

Serif, that presentation is still to be released, I believe. I keep looking at their twitter and Proactive, but silence.

Serif, FWIW I think it would add a further 30-40% to the drill cost.

What a waste of time that was, Tony.

At no point did I mention cash in the bank. Nobody knows, which is what was repeatedly said by me and other posters. One poster even said 'Yanis you’ve been told a dozen times we don’t know how much cash we have. '

Even so, you posted that you did know, and you used incorrect figures in your method. I simply re-wrote your version, using the correct figures. You can't now say my system is floored without criticizing yourself, because I used your method.

You seem to like clogging up this bulletin board with 'Tony is better than anyone else' posts, rather than adding facts to the conversation. There are some very good posters on here, and I hope you don't drive them away.

Serif
This approach of tying in renewables and further Corrib exploration looks to me exactly the way to take things forward.....
Spot on

The stronger position perhaps cash-wise at the moment, Alex, but they aren't about to drill in the North Sea and don't have potentially billion dollar assets. No doubt Malcy would have worded it differently if Europa were paying for his article.

So it's still at the previous location, Joe, if I understand correctly (13/24a-B2Z, Latitude 58.17505821, Longitude -1.37810753)?

Indeed brezhnev. I think a lot of influential people are now calling for just that.

GP
"My concern is therefore why EOG hasn't at least 75% of the cash that UJO now holds. "
As you full well know, Europa are likely to have at least 75% of the cash UJO have, because they are also producing around 60bopd from their other licences.