Member Info for Serif

Its obviously the tone and what you choose to focus on that can be off putting. And honestly its mostly your opinion or interpretation of facts, just like the rest of us. But its your choice - no problems unless you want to engage a wider range of shareholders.

@Biggleswerf - think we all agree we want better scrutiny of the Board, but I’ve seen no evidence that posting negatively here helps with that at all. If it did we’d all be on here! In fact it’s more likely to be counter-productive in disengaging people from this share.

For better or worse I dont think they can spring a privately arranged placing on us as I think they lost the relevant votes at the last agm so cant do it without consulting shareholders first.

Its a bit of a story without a punchline - but based on the headline it looks more like an attempt to embarrass the Gov for not actively pursuing options to provide its own gas.

Very interesting, Flombo. Wonder who leaked this story and why now? Its probably not EOG who need to be meeting the Minister as much as any company interested in farming in - they could have discussions about the Irish Gov readiness actually to sign off activity on current licences, without talking about any particular licence - and they need to hear it from the horse's mouth rather than via WH. Still if EOG did communicate anything about progress or next meetings etc. it would do them a lot more good than the current silence on everything. I think if they let H2 go by with no comment or update after their previous "guidance" then that is abysmal.

900k more buys than sells yesterday - and a lot more bought today than sold (as yet declared). Ask staying up - think maybe MMs just happy to increase their margins from dropping bid price.

It’s an interesting article. Fortunately since it was written in April the key issue highlighted was resolved by the governments in May - perhaps ConocoPhillips decision helped concentrate minds? As it was clearly affecting progress in the region, let’s hope its resolution has now taken off the brakes.

@ Dreaming. To be fair to Petronas I’m not sure how they can be accused of acting outside of an agreement when this case predates the agreement being signed? Personally I don’t see that the outcome of this commercial dispute has any bearing on Petros authority going forward - this has now been set by the governments concerned, so it doesn’t matter what Petronas think!

@Dreaming - the key issue of who leads in Sarawak was decided in accord of 21 May 2025. The dispute in this article is over historic payments made - and doesn’t seem related to ongoing authority.

VL - straws in the wind! West Africa was the third listed region a year ago, then it got promoted to second, now it’s first. Feels all a bit like trying to read the tea leaves - I wish they would just get on and lay current status out clearly.

Itsawrap re your question over the weekend - do you think that eog/ujo might be able to bring in another JV partner on a promote rate as Wressle 2 is such a good prospect? Would be the least painful way to pay for it.

And we are using it for: salaries (cos were worth it)/Cloughton 3D/Wressle 2 pre work/Crosby Warren upgrade/tickets to EG for farmout signing ….please delete as applicable.

Come on EOG you can keep you shareholders informed better than that.

Read “I don’t know what the Opex is….”

Flombo - I don’t know what Opex is, but I am wary about where this info comes from. All I can recall is that when Wressle first started to flow we were told it was about $17 a barrel breakeven - and then I recall (but haven’t look back) that there was something about $9 production costs - so very low. I just don’t know where this $35 figure is coming from now - so if there is evidence fine, but without seeing that it looks very inflated to me. Perhaps someone can say where or who the figure comes from - because that might tell us more about its reliability?

@Flombo - where does the $35 Opex figure come from - is it in the accounts somewhere?

All a bit mysterious. Why planning to rns when the money received - they’ve told us the deal is done starting 1st May - what’s the relevance to market of the date it actually comes into the bank account? There must be more to say or why bother?

Bottom line is that if they do something value adding with the $500k then the loan quickly pays for itself but if they fritter it away on running costs then it’s a sore. (If they just invested it at 5% they would have over $810k in 10 years, so the deal looks like a pretty standard “annuity” arrangement)

Donalb - sorry not understanding second part of your figures - why the jump to 25-35% of gross revenue? Is this figure taking into account production costs (so net revenue) - because if so that looks very high for a well that was always quoted with very low production costs.

From what WH said I’m pretty sure they will label it as Cloughton 3D and Wressle 2 preparation - but never place too much weight on what companies say monies are for.

Interesting suggestion VL. Looks like both partners could do with the money to get Wressle 2 done.