Member Info for THEOLD18

Anyone know what cash EOG have ? crazy that a market cap is based on what cash they have ! seems like we are a cash shell with a few talked about ideas only .....

This share is tosh !! no doubt about it . As i have said before , the dilutions in that past have just paid for EOG to keep chugging on and the directors are masters of spin . Ireland will be a closed route so that leaves Wressle ticking along which has done nothing to the share price since it was spudded . Market cap is probably fair and only an Irish farm out and strike will put this share anywhere from where it is now ..............with these new North sea licences coming up for grabs , i sniff another cash raise / dilution ......................disaster . But still i hold . Only 49% down over 10 years .

I share your pain . 9 + years for me but need to see what Inishkea does ...as only bought for the Ireland stuff back then . If no farm out this will be sub 1 p . Wressle may give some good news but then the price drifts to lower than where it was . Another dilution would be a disaster even if they say its for a 4 / 5 year project . I will be in my 60's then ....aint waiting that long . Good news on Ireland i will sell up as a 1 in 3 chance of success is not worth waiting for ..2026 +

Cheers

Not sure what we have in terms of short term announcements ? Inishkea aside , i dont see a news flow on the horizon but the chatter is that we have ?

Cheers bobbybee . im all over it .

I think Inishkea is the biggie for this company . I dont think the share price / market cap will move at all based on Wressle alone and the other small bits n bobs going on. Wressle is a great cash producer but this keeps us nicely afloat . I have sat through 7 dilutions which have been so painful as all the ventures , bar wressle , have come to nada . Hugh always rattled on about Ireland but only this will push us into much higher market cap ( but again only if not a duster and drill is not beyond 2025 as stated . Shareholder since 2011 -:(