|Europa Oil & Gas
||EPS - Basic
||Market Cap (m)
|Oil & Gas Producers
Europa Oil & Gas Share Discussion Threads
Showing 14151 to 14175 of 14175 messages
|Now sure and begorrah this is interesting black stuff indeed ....
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This is where a new investment trust from the team at Guinness Asset Management comes in. They plan to list a vehicle called the Guinness Oil and Gas investment trust with a provisional acronym of GOGE. Guinness have been working in the energy space via their global energy unit trust for many years with an impressive track record. This new vehicle, managed by Sachin Oza and Stephen Williams, along with industry veteran Peter Dolan as technical adviser, is in effect a limited lifespan “activist” oil fund although the fund promises to be constructive in its armtwisting and cajoling.
While outfits such as Riverstone fish in the M&A space among private businesses in the US unconventional space, Guinness intends to remain focused on listed micro and small cap businesses in largely offshore oil and gas exploration — the kind of minnows that abound on places like the Aim market. Over the next four years the fund will seek to get them to release value via M&A, with a further two to three years to realise value from any ensuing deal flow.|
had a look, and Celtique is a private company
I guess they haven't got access to cash injections like the AIM listed companies and their equity placings.
I wonder if they would ever list, must be tempting|
|Most likely Celtique selling part of Wressle.|
|From malky's blog, about UJO
"this raise is to increase interests in its existing licences and by the sounds of it we should expect something pretty soon"
Question is what are they buying and off who?
I guess with wressle cash flow delayed slightly, one/some of the other UK players may be a bit tight on cash and be tempted to sell UJO something?
Personally I cant see EOG selling anything, as they seem cashed up, and carried, but not sure about other UK players.. any ideas????|
|Woodside's recent results, drilling programme lists a prospect in Ireland "Beaufort 1" for 2018. Can't see any detail of where this is, but maybe one of those adjacent to EOG's acreage?|
Thank you for the link.
Thanks for the thumps up on Irish government being more proactive by doing an awful lot more than just issuing Atlantic margin EP licenses and give cash support to the small explorers by being far more proactive in their approach to what they should be doing in the Atlantic Margin. I think the UK government is in the process of doing so in the North Sea. I may be wrong there but will check it out.
England should really overrun Italy in their 6 Nations game this afternoon. Got my larger ready to watch the game on the BBC.
Yes I've a chunk of these in the long-term category. Bought in for the farm-out of French assets, held through wressle and now waiting patiently for Holmwood. Just don't comment much as its just a case of patience for Holmwood and I-AM farmout. Holmwood will increase interest after the recent ANGS result, its something like 4km away.
Yeah it would be good for the Irish and UK governments to support their small explorers a bit more proactively. But again tax payers wouldn't take too kindly to dry wells. :) But a development fund were the gov could boost activity on stranded fields for a direct participation in the field would certainly help some. Lots of small stranded NS fields and an irish government fund to help the likes of BR would make sense long term, they'd make their cash off tax from production and a direct interest for example as the oil price recovers. Then use the fund to help some exploration, who knows some of these wells might actually find oil or gas.
|EOG v ANGS
It really is an unbelievable comparison. ANGS and EOG have roughly the same number of shares in circulation. ANGS is valued at £33m and EOG at £12m.
ANGS has currently no production. Has sold off a lot of its interests elsewhere including Horse Hill and seems totally reliant on Brockham production in the near future for any sort of income. It is a about to issue a further £3.5m worth of bonds that are secured against all its mining assets at 8.5%! I'm not even going to try and add up just how much money these guys have raised over the last year or so including the listinig and the placing for funds to buy into Holmwood. Before the listing et al in 2015 they had admin expenses of close to £1m against total revenue of £446,000 - that was when they were producing 20bpd.
EOGs comparative income for that period was £2.2m!! against similar admin expenses.
There is something really odd going on here and I am not talking about EOG whose interest in Holmwood is now fully paid for and covered by ANGS and UKOG.
We have 120bpd production, we reduced our admin expenses accordingly during the OP slump but are now profitable at the current OP. We have raised enough cash for the foreseable future through asset sales and farm outs and with more to come when production targets are met at Wressle and Holmwood. We have a fully farmed out share in a prospect in France. We have significant number of onshore prospects in the UK (most of whom have confirmed Hydrocarbons) and of course the cherry on the top - the Porcupine and other licences in Ireland.
We know why some shareholders have driver the price of ANGS up - but I do feel that the Mcap positions of the two companies deserve to be exchanged. Perhaps EOG has just been around too long for it to be declared the NExt Best Thing by the masses but in my opinion it already is the Next Best thing with far more potential than the companies the masses are following at the moment.|
|ngms - absolutely but I am a little quids in on that one (very rare for me over the past few years!) and it is one of those ones that post results of current well we could see a 30-40% drop - to be corrected in the medium term (anyway) or, we also could see a significant uplift even from these heady heights - could be one of those why was I so greedy moments though!
GD thanks for the inputs.|
|Dunderheed, it's looking like the game at AEX is continuing, I'm not selling yet.|
These days I have all my portfolio ins ISA's, even Canadian venture companies. Who wants to pay capital gains tax when it is not necessary. Okay some big players use up all their yearly ISA allowances and also require trading accounts because of the large amounts of money they use to trade on the markets.
|Oh bloody hell didn't realise that!
Am starting to seriously consider putting my ill gottn AEX profits (blimey!!) into EOG?
Thanks very much.|
|Yes, you have been able to for a while now.|
|Can we put these in isa yet?|
Your right about the Irish government. Far to conservative to put money Irish Atlantic exploration. I am Irish by birth. In the Irish Republic there is very middle class part of society which is probable 75% of its population. I should know as most but not all my Irish relatives that still live in Ireland consider themselves to be middle to upper class. Most of them are worth a lot of money and not got by illegal gains but by hard work and being very astute business wise. I am just your normal anglicized Irishman that has worked very hard for all my working life.
I do wish the Irish government were more proactive in their approach to oil and gas exploration in the Atlantic margin.
|are you a holder of EOG, ed?|
Because it wouldn't be worth their while. There's at least 15 companies in the porcupine now that would leave each with just over 5% and the craziest jvp I've ever seen. You could also say why don't the Irish government set up an Atlantic margin investment fund and loan money to Irish margin explorers (that isn't gonna happen either as Irish tax payers would go mental). They'd prefer to sit back and let the likes of BP and Eni spend some of their millions proving if there's live hc's somewhere in the basin. In the mean time EOG holders will have to wait. We should get some action from Holmwood in the mean time.
|Why couldn't all the big companies present in the porcupine get together and fund an equal share of Wilde? Prove up the porcupine and derisk further expenditure on their licences? Cheapest way to do it in my opinion....|
|We will see, there are a lot of mid size OIL & Gas EP companies looking for a decent place to spend that kind of money to farm in. Possibly even a Major!
|Yep, but you need someone who's willing to pay $35m or more Capex now for a 40% share.|
Costs of getting a drill rig like Stena IceMax deepwater Drill Ship rig that will drill PVR have are still low. PVR got it for peanuts. Now is the time to get a contract of a deepwater drillship for the the Atlantic Margin!
|that's good to know gwb, on both counts !!!|
|I don't think it's anyone in particular. I called brokers to buy a large amount and they could not place it anywhere.|