I agree the RNS could have been clearer and reiterate that it doesn’t affect current operations. In essence, it doesn’t change things at all from last RNS but seems to be drafted in a way, inviting a second kicking.
I just hope Will Holland is working on bigger company transformational deals in the background. If either Ireland or Equitorial Guinea get a farm-out, the share price will rise considerably. |
Volkswag,It was stated in our previous RNS.18/10
“This decision has no effect on the ongoing current operations or production at Wressle, which remains profitable.” |
The following extract appeared on the UJO RNS 'This decision has no effect on the existing planning consent at Wressle and production and operations continue with no detriment to Union Jack and its partners.'This clarity would have been a useful addition to EOG's RNS. |
Will Holland, Chief Executive Officer of Europa, said:
"We are confident that the third-party Scope 3 GHG analysis will demonstrate that the environmental logic of the proposed Wressle development is compelling. Developing domestic hydrocarbons is in the best interests of the UK, not only from an environmental perspective, but also because it provides national security of oil and gas supply in uncertain times. I look forward to updating the market further in due course." |
The Operator, Egdon Resources U.K. Limited, will now provide the NLC with an analysis of Scope 3 GHG emissions for the proposed development conducted by an independent third-party specialist company and request a new EIA screening opinion. Depending on the outcome of this decision, a new determination of the Wressle planning application will be made based on either the existing submitted information or with the requirement for a new Environmental Statement. |
they are not renewable though are they.. limited lifespan, then environmental disaster
919k bought, then sold 20 mins later wtf... |
Anyone else think those 919,480 trades were a little odd. The buy wasn’t reported at all until 4.32pm and was then deleted and reinstated as an earlier trade before the sell which was reported on time. Im sure it’s all above board but why on earth trades can’t be reported on time with more transparently is puzzling and annoying. Was it a worked order/trade or a f u? |
 I think about it in a broad way. There are obviously transition costs. But it seems common sense really that renewables are better. With oil and gas you go to the shop and buy and bottle or whatever then you go home and burn it and then it's gone. So next day you go to the shop again to get another one and the shopkeeper sells you one and then he goes to the distributor and says I need another one please and the distributor goes to the refiner and says can I have another one please and the refiner goes to the oil company who go and drill another hole or ten to find some more. Etc. it's just inefficient. And polluting of course. Also I read that we lose 70% of the electricity we transmit, in heat presumably, so that's even more inefficient. With renewables, you just make a solar panel, plug it in, accept the sun's infinite energy - and someone comes round to oil it every six months. Much more efficient especially if it's on your own roof. So it just seems to make common sense to me to make the transition. The return on capital of the transition cost must be enormous. But I still want EOG shares to go up as I have a vested interest ! |
I think there’s a place for renewables but politicians like that idiot Milliband over-react and swing far too much that way. Get the freaking balance right particularly with more home produced oil and gas.
Some nice buys today. |
I just hope sanity returns to Ireland and for that matter the UK with all politicians realising home produced energy = energy security and is best for consumers wallets and also more environmentally friendly than importing the stuff. |
It’s been mentioned in the PRD presentations that they have a partner waiting to commit to their Irish assets,so would be hard to believe there’s been no talks with EOG. |
Spangle, new Irish Govt. should be in power by then, minus any greens.
Is it possible we already have partners lined up for the Irish assets subject to regeim change? |
EG - an interesting place to do business.
Suet - not being negative! |
I think there’s quite an emphasis on Q&A on the next presentation.
From the other board.
Finally, some movement of licenses may be possible. |
Why is EOG doing another online presentation on Dec 2 - has anything materially changed since the last presentation they did? |
In fairness the whole junior commodity space has been in the doldrums for a number of years,it’s not just here. Even though the share price is on its knees I feel fairly confident that they are going to get a deal on EG away.Also Ireland starting to look a lot more positive especially after listening to the Vermillion webcast and forthcoming elections.
From the other board,progress on Cloughton. |
Unless your like me and Curry, most people find a few shares that win. Therefore you are bound to find a few that lose.
I dont think its game over here at all although I hated the Serenity purchase and that was a failure.
The wins are Wressle and the possiblitlty of Ireland. I would suggest they are working very hard to get those online and Will has at least stuck his money where his mouth is. Meanwhile we have been dealt somne pretty poor deals by the lefties, for votes. Paying extra for Russian gas is all very well but it would only take a few weeks without it to shake them up a bit. That will come and maybe we will get back in favour. |
Suet
Keep the faith. The darkest hour is just before the dawn…
JW |
I am nursing a material loss - not yet realised. I am hopeful of success in EG but the disgraceful behaviour of our Board at last year’s AGM still rankles.
Holland has yet to earn my trust and despite his well paid stewardship the share price still remains firmly in the doldrums.
Suet |
Suetballs has turned very bearish and tries to create negative sentiment. Fair enough. It’s a free world.
I understand he’s been around ages but he has all the hall marks of someone who has sold and is nursing a loss. |
Notice convening the Annual General Meeting of the Company to be held on Friday 29 November 2024 at
11.00 a.m. at the Hellenic Centre, 16-18 Paddington Street, London, W1U 5AS is set out on pages 4 and 5
of this document. |
Investor presentation and Q&A
CEO William Holland, COO Alastair Stuart and Chief Geologist Jamie White will be hosting an online presentation and Q&A for investors on Monday, 2 December 2024 |
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