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Epic ... notNo new news, and a remarkably succinct presentation...

  1. 155 Posts.
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    Epic ... not
    No new news, and a remarkably succinct presentation from them.
    Jam tomorrow throughout
    • Revenue growth only from commodity prices, not from "stable 285 boepd" production. Rather telling was that production data only monthly through December 2021, whereas when production news good (even if only temporary) they show weekly until the previous day
    • Hydrogen - Final Investment Decision (FID) on pilot project scheduled around end 2022 / beginning 2023. Pilot production mid 2023 until end 2026, then growth if full plant FID approved at end of 2025. Pilot production is about $110k revenue per year ... assume costs a multiple thereof
    • Geothermal no timing
    • Austria exploration ... if get farm-in funding (so have to get good well test ...)
    • Romania no announced plans, and not part of 2022 plans slide
    • Italy no news
    In the meanwhile, debt repayment starts this year, and option conversion price to help fund it are rather far away from current prices

    Time for management to take a trip to Lourdes
 
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