Member Info for Serif

Willing to give the engineers on the job the benefit of the doubt over other commentators, but a very realistic reminder by ccf2 that in any case the SP will be set by EG and the rest at present is background value-add at best.

And as the planning officers have supported it, there would likely be very good grounds for an appeal if the committee does come up with a reason to reject.

Well at least the planning permission isn’t going to the Reform council in Scarborough, but to the north yorks strategic planning committee. Think we are about to see whether they deserve the title “strategic”.

Thanks for the summaries. Getting sued in business is an occupational hazard and none of these allegations seem to have been upheld. Often better to settle out of court when you can - even if it means swallowing your pride and you think the other party are just trying it on - you save more on legal fees than the cost of any settlement payment and don’t have to waste endless time on legal proceedings when you should be focusing on your business.

Great that he is clearly excited about Uplands targets and that his right hand man has also given them a once over and likes what he’s seen. Very experienced oilmen giving Upland a big thumbs up and willing to put money in to secure their opportunity “at the ground level”

Thanks, Flombo. Here’s the link to the item and pictures of the signing. Good to see that the EG representatives are clearly onside with the deal.

https://www.linkedin.com/posts/will-holland-553095a_very-good-trip-this-week-touring-the-impressive-activity-7420701458251030528-lC6g?utm_source=share&utm_medium=member_ios&rcm=ACoAACF1b-cBPzlJosJwtr7FXP4HOc9p2eggx88

Bit of a shame then that the Reform Scarborough council are objecting to this development. Difference between politicians saying and doing.

They’re being matched by similar buys - plus some extra - which is why the SP keeps edging up. Personally hope the seller is a shorter getting slowly boiled by an equally deep-pocketed buyer.

Just looks like they know they have no other reasonable grounds on which to object so go for delay hoping that something will turn up or at least if meeting goes ahead try to influence councillors to look for some ground to postpone the decision. These applications are always full of delays and appeals - so just the normal nonsense to go through. At least it indicates that an outright refusal (unlike first go at Wressle) is unlikely.

It’s Ireland who really need to wake up to this. Let’s see if anything encouraging comes out with the licence extension announcement.

Well what country that values its own sovereignty would want to be dependent on US LNG now?

They have organised this extension a couple of months early, which presumably means it can now go to planning committee next month without this uncertainty hanging over the licence.

True - which is why well researched investors can still make money!

@Flombo - not clear why the market would be concerned about a possible raise after the AGM. We know it has to be capped at under 20% of the MCap and be offered to current shareholders. So if you buy shares now you take part - if they raise higher than current price you gain immediately, if lower there won’t be bucket shop sales to take it down further. And once any raise is completed we will motor on at speed to the EG drill and Wressle 2. As I see it the AGM result takes the sting out of any placing if you are a shareholder.

I suspect another one is in the works as there seem to be shares available again at 2.9p.

Yes it’s very odd and has been going on in one form or another since before Xmas. Would also like to know what this was about.

Chinese were also exploring in Ireland around Corrib. They were on the licence next to ours before Ryan blocked all activity.

Glad it’s looking such a good investment to you, GP. Always reassuring to have votes of confidence from those who work in the business.

Over rewarding senior execs for just doing their jobs is a business problem much bigger than Eog. I’m happy for him to get the lot if he delivers a successful EG well - and I won’t quibble that he’s got his reward 6 months in advance of delivering the actual result.

Drillordrop helpfully provide a link to these planning meetings and when there might be an item of interest. There is a shortcut link to these on the other board - Tommy I believe was quoting them but subsequently the agenda came out (usually a week in advance) without us appearing on it. Still Feb will do as for now all eyes will be on what the team say when they have completed their upcoming visit to EG.