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@B. I would be disappointed if that was so and it wasn’t going back to eog -as I noticed that Antler were paying eog for any work they did on processing the data etc. May be worth giving them more than a couple of days to respond before making that assumption?

Good opportunity to remind he Irish Gov and particularly the new Taoiseach of what’s on the table here.

Ditto!

Couldn’t guarantee it, but based on a couple of dummy buys today, think that it may have been all buys today - which would make a change - but also shows what a bargain price is available atm.

Think WH is pretty good at responding. Only address I have is the standard one mail@europaoil.com - maybe Itsawrap has a better one as I think he asked a question on flowrates today and got an answer pretty much at once.

@Biggleswerf. As I understand it he’s a Director of Antler as the EOG representative, not as a private individual - so very much doubt he gets a separate salary for this. But you could always ask eog directly - I am sure they will tell you - and if they won’t that would probably answer your question as well!

Spot on, Tony. I hope they get good results from the tests - that Board could do with a break from all their resident derampers (and rampers for that matter!).

An explanation from Corporate Governance Rules as WH said (whether we like it or not)

“The board should be of an appropriate size. At least half the members of the board, excluding the chairman, should be independent non-executive directors. To ensure that power and information are not concentrated in one or two individuals, there should also be a strong executive representation on the board.”

What I find frustrating is we seem to be talking more about internal admin arrangements than progress made on assets - which should be the main focus at this time.

Thanks, FD, I hadn’t realised that Capricorn used to be Cairn Energy - a better known name.

Anyone here know anything about the new NED or Capricorn?

@Flombo let’s hope so on Ireland. Also I haven’t seen anything yet to suggest that EQ won’t pay off - as Aimshame flagged up earlier others are taking up licences in the area, so the interest is clear. As for Wressle - I think some were on UJO last week predicting dire results for January’s flowrates until they turned out fine on the NSTA results that Itsawrap provided for us. So I am happy to wait and see how accurate GC predictions are - Wressle has usually surprised to the upside so far.

@itsawrap. Interims are out later this month so we should see then how much free cash has been generated and get a forecast perhaps covering recent months since Wressle has started to flow again. If Wressle is back consistently above 600bopd it seems likely that at current OP of over $90 it should be healthy enough to fund development of all current projects and give us some spare - so let’s get on with it.

Looks like it from the price and time - presumably helped get the SP motoring today.

So Whisby looks the best of the bunch - on an average of 32bopd about 21bopd to EOG.

That makes the total production from assets other than Wressle about 38bopd. That’s a fair bit higher than I thought and at current OP still worth having in the background.

Thanks for all your research Itsawrap.

Looks like that one’s run out of road - unless they are doing something to it now. Probably worth asking WH what is happening there.

I suppose so Bubble, although tbh the only bit of the plan I’m interested now is the word “farm out”, as the rest is all costs and its time to get something back.

WestFirsby - A bit of a yo-yo then! Works out at an average of 17bopd a month over that period.

Just seen this on website

https://www.europaoil.com/wp-content/uploads/2024/03/27th-March-Main-Stage-9.30-9.45-Jamie-White-Infrastructure-Led-Exploration.pdf

Seems to say that 30Hz is completed on Inishkea - and that the EQ work programme to identify additional prospects is half completed with a farm out launch planned in Q2.

Very, very, very modest, I believe. I think they said it was more a case of managing the decline than looking to exploit further. But fwiw the website says they have 100% of West Firsby and Crosby Warren and 65% of Whisby W4 - would be pleasantly surprised if this was still producing more than 30bopd for EOG in total.

I think all the partners came out with that figure from Egdon - not just Bramhill. I am sure that they will have picked the best days up to the RNS date in Jan - although as we know they were still increasing the rate gradually up to then to avoid “water coning”, the average for the month would presumably be lower. I was just curious that the NSTA data always seems to lag daily flow rates in RNSs and wondered if this was them always overegging the figures or simply a feature of inevitable slowdowns/stoppages for regular maintenance and upgrades?