Member Info for Treasures

Hi Aimshame

I don’t understand why you infer Cloughton gone? The district or Borough Council decision is the important one not the town council. Did you expect the town council would be positive? It’s like when a neighbour decides to build an extention, it’s not like you are over the moon about getting your drive blocked and muck all over your car

Who actually replied to you mr Kirk. The other thing of note is that when emailing EOG from their website, the email address is mail@europaoil.com and the replies I receive are from mail@europaoil.com so this is also different to the email you refer to being mail@europa.com. I’d also add that Will replied to a query I had earlier this week within a couple of days.

Good spot I hadn’t clocked that

And this is the text from ai

Trafigura is a global commodities trading company that has been involved with the Wressle hydrocarbon development project. Specifically, Trafigura is involved in a debt facility with Angus Energy, the operator of the Saltfleetby gas field, which is related to the Wressle project. Additionally, Trafigura has an interest in the RBL facility related to Wressle. The Wressle-1 well, in which Europa Oil & Gas holds a 30% interest, has shown strong output.

https://drillordrop.com/2023/12/20/saltfleetby-gas-storage-plans-to-be-accelerated-as-angus-energy-agrees-20m-debt-facility/

Hi Vernetles

I can see you been posting for a while so May know this, but was it ever disclosed on who the Canadian company was that bought the 4.5% of Wressle 1 production? Cheers. I have read back on the BB and can’t see anything. I just wondered if it was Trafigura as whilst Singapore based have Canadian office etc and sure they were finance linked to I3E who were EOG partners with Serenity. Anyway when googled it’s easy to spot financing in other Lincs sites etc ans the AI things mentions Wressle but may be innacurate

Jimmy, the update contains 3 farm in type mentions not just one. Updip blue sky therefore not necessarily the March well which also states a dedicated helium well which again is another and therefore not what may have been found in the March well. This may be like MOU3 whereby that only give shares in part ie for the top high pressure sands. Interestingly the mention of farm in also states to 3D seismic only and not the additional well or wells or even going deeper in respect of March well.

Looking at past year highest price is now about 1.2 I think so unless there is news soon I can’t see an offer being above that. If heyco, maybe they are getting the irrevocabels lined up again. Clear as day in price in recent days/weeks some stakebuilding going on for me. There is a lot of news potentially in short term which is why I have bought a few back

CCF

Sorry to hear the hear the return on your investment but if you were in from float then you saw the rise to 40p all those years ago. I’m not entirely sure of the previous managements history but I think WH came in when shares were 1.2p and briefly went up and we are at lot lower again. Egdon are the operators so I’m not sure EOG can be blamed for how Wressle has been managed. At .5p there is a lot of value but to get back to your investment from 2011 is a big ask.

I suspect there will be a proactive interview with PG this week as well.

Agreed Keith

My short take = a great update!

MOU3 alive and kicking with more big news this month. Don’t you forget about MOU3! I love that band.

Hi vernetLes

Re deltic! I was gonna take a look at them but too late now! I have just been buying back into EOG. Such a low MC at present. The EG08, Wressle and cloughton planning news soon and Ireland who knows. PP for Wressle and that asset re valued a lot higher. Seems like very good value at .5p. Looking at some of the recent trading .5p seems to be an agreed level for whoever is mopping the high volumes. Worth a poke for me again.

Hi Patientlywaiting

You may have already watched the Jan 2025 presentation but if you haven’t, Paul G talks about MOU3 for a good few minutes at around 40 minutes in. Referencing one or 2 slides I think it was you can see the ref to the 21 bcf which it shows and he says is worth 13.1 million per year gross and between 6-8 million net to PRD per annum based on 1 bcf per annum. For me for the market cap of Prd at the moment is significant numbers. I’m sure it was this presentation he also talks about securing the concession before the potential farm out of mou5 which at the time hadn’t been drilled. It’s a great insightful watch as is the one he did with q & a in Oct 2024 I think it was. An hour presentation and an hour of q&a. Brilliant PG at his best that was for me.

2p is 74.6 bcf HE Net to PRD - encountered/sampled in mou3 and 1557 ppm mou5, I don’t think that has changed has it anywhere. Although the 1557 not possibly in the best area measured. The RNS not detailed enough to substantiate but captured nonetheless. Not sure re the licence but can they farm out the whole area for HE only, ie ring fence it like the mou3 shallow sands. Keith has given some very good posts on this. This sounds rampy I know but I just feel the tingas sting is around the corner! There’s gonna be some rocket RNS’s coming off the pad over next few weeks. Mr Tingas report on the drill I am looking forward to.

I think we are going forward though. The next Trinidad news by month end to confirm the delayed deal. Probably a general T&T update confirming bopd increase. Update on MOU3. The shallow sands having 21 bcf. In Jan PG confirmed just 1 bcf is worth 7 million a year in the back pocket. No big shakes if a bit of a delay. Corrib South news could land anytime. Then Mou5, for all the wingeing, we know this. If MOU5 was confirmed success then the farm out would cover the whole patch and they would give away all the juice in mou3 for example. They need to flow test the shallow sands and ring fence it. It’s why I think swabbing is still on the burner to keep that rather than lose it. Loads going on and the 1557 ppm helium, all there. That juicy article from last month articulated in plain easy words.

The cornflakes thing confused me a bit but I get the rest. The figure I get is around £1.50p a share!

And “ Marti mc masterly 7” can hop into the delorian back to the future filter bin. Some mothers do av em.

Flash Gordon73 in the next zarkov to planet filter bin!

Aimshameless

I haven’t looked on here for ages, and yet same old drivel from you. Never ending negative posts. I can’t remember whether you are part of the EOG management team from yesteryear or pals with them but man up or sell up.

Oldslow65, yeah that’s exactly what he said and that there needed to be a safety case completed b4 they could progress to ensure of no blow out. Loads of gas to be had! I’m not sure whether Keith or anyone else could summarise why the pressure is so high at low depth? Could there be a vertical fracture to a lower pocket which is the reason?

F&M

Thanks for taking the time to share GRH thoughts.

Cheers