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CCF - I’ve just sent you an email requesting that you add my 3,199,384 to the mix.
Can you please confirm that you have indeed received it?
Thanks
Remember all shareholdings matter, no matter how few you own,you have a vote. It just cant continue, something has to change.
B 'OC was brought in by SO, so I suspect one reason SO has not been asked to leave. He once told me that he doesnt get paid enough for the time he spends on EOG. Curiously, he hasn't quit and is still taking his money and not spending it on Europa shares.
Crushcutfluor - If you have 7.75% of the outstanding share capital - presumably your a nominated shareholder on the register. Would you mind identifying who you are?
Pump on test
https://twitter.com/UnionJackOilplc
Pretty sure he does. He follows Eog on Linkedin
I wonder if Hugh Mackay has any shares left sometimes
Clearly the board have next to no skin in game.
My view is that B O'C is key to Ireland progressing
Add another 8500000.
They don't hold many for how much they pilfer,
Director shareholdings:
A STUART 210,000
S WILLIAMS 141,131
W HOLLAND 2,090,124
S ODDIE 3,384,615
B O'CATHAIN 1,467,948
Annual Report is now uploaded on the company website
Took a little closer look at the results - Europa could not pay a dividend or buy back stock now even if they wanted to - they have no “retained earnings” on the balance sheet. They would have to go Court and get a Capital Reduction Approved. Same process that I3E are going through now and if my memory serves me correctly what UJO had to do.
47,959,000
Circa 48m Gerry. I think we are about that already.
How many is that Les? Approx 50 million
5% needed to requisition a GM.
@littledog We could glue our hands to Simone Oddies head. 😀 Or maybe his wallet? 🧐
CCF = crushcutfluor
Yes Les a lot more than I wanted but the result of averaging down to a more realistic average buying price.
Another view point is that shareholders buying in now on a ten million cap or whatever it is are getting a lot for their investment. Perhaps on the cusp of a huge farm out. By the end of this week Wressle back in the groove plus potential of new wells around Wressle. Clearly heyco are happy enough with the bod to give operatorship to EOG for cloughton. WH seems very competent and does a lot of media. A small pot of money in the kitty. Also, with regards to the farm in if serenity they now do not pay tax of the profits so not a complete waste of time. Going large negative towards the BOD perhaps will make investors feel better but I guess will not do a lot other than leave a gaping hole for big investors to come and steel the above for a song!
Blimey Gerry, that's a lot of stock.
CCF ?
I've just sent CCF my 13,862,634 support!
Things to bear in mind. There must be an AGM within the next few weeks. Propositions will be put forward by the Board. Groups of Shareholders can put forward Proposition(S) to be voted on.
Dhareholders are urged to either attend the AGM or Vote at distance, but DON'T give a proxy Vote for the Chairman to decide. My preferred action, if fit and able, is to attend the AGM. The stronger the Voice, the better a desired outcome will be.
The latest Remuneration Commttee Minutes should be obtained ( I cannot find them on the Co's Website)
Curiously, Odie still appears as Chairman of the Remunerations Committee, this cannot be right. He should have been removed months ago.
Sad to say, have seen it all before, listed company's just conduct a "back-scratching" exercise and too hell with Shareholders.
Disagree on Tain. Repsol are exiting the UKNS but plenty of independents / private money is moving in. A standalone fpso development plan providing a tax shelter from the epl would deliver very significant revenues for i3/eog. The question is; how do we follow our 25% of the JV
I don't see Tain/Serenity happening for at least four/five years, if it ever happens at all which is the most likely scenario.
The question I would be asking is WHY the Tain was abandoned and handed back?
Inishkia has failed to get a farmout partner so we have to ask Ryan for another extension on the pretext of further processing of data, if we have a very very bad winter and fuel prices rocket we have a chance this may go through, but our chances don't look good, we have gone through one of the worst energy crisis last year and still we couldn't get a farmout partner!
We are a one trick pony and that is Golden Goose Wressle! This is where all our efforts should be put and get production up by tapping into the other layers to get as much oil/gas out while prices are high.
Sentiment agains oil/gas is very bad today, it will only get far, far worse, we don't have the luxury to wait years.
A share buyback is my preference in the very short term with the best medium term option being a company buyout.
IMHO
I beg everyone on both boards to email their support and holdings to Paul so he can keep us all informed.