Member Info for Serif

@itsawrap. That looks decent. Do you know if the NSTA date records maintenance days - as it always seems to lag the flow figures given in RNSs by a few percent?

There are two strands to this application - the local planning application which as it says on the forms Egdon have worked closely with the planning officers to prepare this - so from a technical planning (as opposed to councillors) should meet all requirements - and the other strand which is the application for an EA permit, which WH explained involved an informal pre application and then the formal application which would usually take between 6-9 months to grant. In last video he said that they were meeting with EA imminently to progress this, so I was wondering if the submission of the local planning application indicates that they have also got the nod to apply formally to the EA as well.

@itsawrap. Thanks some progress there at last. See consultation lasts a month - so maybe go to planning committee during summer (before likely election). Do you think it might be an indication that they have heard something back yet from the Environment Agency?

More bed and Isas presumably.

Presume those two huge trades are some kind of bed and isa - the numbers look about right and the SP seems unaffected.

CCF - glad you did take the time to respond- as someone who wasn’t invested at that time found it an interesting read. Personally don’t agree with the views of a poster on the other Board that we are too polite here and should instead be hurling abuse. - whether that’s at each other or the Board.

CNOOC would be an interesting choice. They had originally farmed in to the DNO Corrib block, so there could be more than one area of interest.

No grudge here. I suspect we agree on a lot more than we disagree. But you don’t need me coming in here every other day saying how dire SP performance has been/is - it’s there in black and white on every graph and every time we check the current SP! Yes I like everyone else here want the SP to rise which is why I focus more on the potential of what’s coming up than past disappointments, because only one of these is going to affect the SP now. You can’t ignore experience but it doesn’t always tell you what’s going to happen next.

I think we disagree most on timescales - I think you need to give a CEO 18-24 months to assess them - it takes time to get projects moving in this business - so I’m giving WH the benefit of the doubt until Nov - and I have been encouraged by Inishkea renewal and EQ but these now need to be progressed.

As for raising pay in response to poor pay performance - dreadful. But I fear Execs across AIM and companies in general have lost the plot around properly rewarding performance (just read some of the other BBs) - so maybe I don’t feel so much outrage re EOG itself, but I will be looking for him to raise SP performance significantly to prove he’s worth it.

Anyway here’s to good fortune for all of us whatever our current perspectives. Perhaps we should all pray for a miracle - perhaps Eamon Ryan becoming a petrolhead!

You’re making all sorts of unjustified assumptions about what I am or am not thinking. I welcome and supported removal of SO and Paul’s efforts in crystallising this. I have no evidence that Paul would be better than WH in role at present but keep an open mind. What I am against is a continuing “war” if it doesn’t have clear majority support - for which you need to show at least some active support from major holders. That’s all.

@Gerry - and that’s the point saying you would abstain is not providing support. No sensible investor wants a company wasting time on civil wars. If you want change you need to assemble a clear majority and mount a clinical coup, so we can all get back to business. Paul or Will are all the same to me on the data available - but I am not interested in 5 or 10 or even 50% voting for change as it won’t deliver a clean outcome. So without wanting to be rude to anyone imv it’s a case of do it or drop it, because dragging out the conflict is not good for anyone invested here.

I agree completely FD.

@Gerry. I think RBD rejected the first attempt in Oct 2022 because of paperwork technicalities, so don’t think EOG approach was exceptional. But rejection was a sure way of “firing up the base” to use American speak - a smart move imo and alls fair in love, war and company takeovers! The key issue is that without the support of the likes of WA, it probably wasn’t going anywhere, which is presumably why it’s not now a live issue. Hopefully though the whole episode will have shaken any complacency out of the Board and they will now get on with delivering what looks like a high potential portfolio.

Don’t think 13 RNSs in 3 months is too bad. Plenty clearly going on but would like to see some milestones on projects being hit. Looking forward to short term news on other prospects on EQ licence, update on Inishkea reprocessing results/farm out and movement on Wressle. Encouraging looking back to see the recent significant buying from our bigger shareholders - at least they seem confident enough with their hard cash that things are going in the right way.

Hopefully emptying our sellers magazine!

@Aimshame. Took your figures earlier as given, but see now that WH bought shares on appointment a year ago at 1.24p - so not sure where your 2p figure comes from. So more flatline than decline, which is a less negative picture.

Fair and well researched point. But that’s why I’m interested in changes over recent months (trading patterns, portfolio, political sentiment) that may indicate a shift in trend - AIM is volatile and timing important. I am open to the possibility that WH may have some success this year, because if not I would sell out rather than watch my investment reduce further if it continued with your y-axis! But each to their own and good luck with your investment strategy.

More interested in trends than daily share price. Let’s see which way it moves over next period.

Interesting trading today - piecemeal sell off followed by later strong buying until buys outweighed sells at close. No sign of the concerted large sells of Jan/Feb and some obviously keen to pick up chunks at this level. Tide turning?

We seem very good at adding value to others by farming in, so before we go off and farmin elsewhere I would like to see us add tangible value to one of our current projects by getting someone else to bring in their money!

He was appointed after the farm in agreement for Serenity was signed, so he wasn’t on the Board or employed by EOG - which means he wasn’t there to consider the overall financial implications for EOG.