|Europa Oil & Gas
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Europa Oil & Gas Share Discussion Threads
Showing 13901 to 13923 of 13925 messages
|enfraglais, I'm in HUR from 17p :)
Yes the current two drills could bring them above 1 billion barrels of the black stuff, potentially even 3 billion with Lincoln suggesting the ridge is one large field.|
|NOT GOT MUCH SENSE - This is one of my smaller investments & have traded it well in the past & will continue to do so.
The others are HUR & MARL & both will do well in the short term, though like most, they need to be traded rather than held with heads in the sand.
If you like oilers, HUR should be worth a look at less than 40p, with a very good chance of a 50% gain over the next 3 months - if you catch a spike.|
|Well I went to the AGN yesterday and I came away very impressed with what I heard and having had the chance to talk privately to the board. I am more confident than ever in my investment here and the current share price represents an amazing buying opportunity. I have just listened to a podcast by the broker for Upland and he is so upbeat (as he should be) about Upland and the Aim Oil sector in general. Everything he says about Upland can be multiplied by Europa and then some.
We already have a base of 120bpd production which covers our operating costs at $55. We have cash in the bank with no need for further dilution. We have saleable assets if need be. We have Wressle coming on stream which will double our production and bring our op cost break even down to $30 - this is going to happen - our share price just on this should be closer to 10p as it has been in the past.
But the pipeline of opportunities coming up is amazing - there wasn't enough time in Hugh's presentation yesterday to go through them all. Holmwood, Hardstoft and Cloughton are the eyecatchers - the latter two have been drilled previously and hydrocarbons produced so low level risk. Broughton as well should be relatively low risk.
And to top it all once Wressle is in production from the Ashover, funds from that can be used to develop the other three discoveries there. That WILL happen and our production WILL increase.
If we didn't have the Irish assets I would still be investing here at this level yet the Irish Assets in three different locations with every type of play imaginable as well as a drill ready company making prospect could be a life changing possibility for my investment here.
Great company to be in with a superb management team that is delivering results and securing a magnificent pipeline of projects in the months and years to come.|
|That's a general rule but some do buck the trend. Others do have material success, offering several points of value in the chain where one can get off.But bad management, that is to say management that have not been able to demonstrate operational success and share price enhancement (after years and years) do not become good overnight. Cash|
|Most E&P's are exactly the same, it's the BoD that get rich at shareholders expense. Sometimes they get lucky and take shareholders along.
I don't see EOG being any different whatsoever though.|
|ngms,Pvr is a lifestyle maintenance scheme. Make sure you're out before drilling.This and 1-2 North Sea companies are far better.Cash|
|enfranglais, I still have a position in EOG but now have a larger one in PVR given they have settled the legal dispute, raised monies and have a rig signed for June for a 3 Billion Barrel prospect with the potential for a further 2 Billion in a target below. At the moment they are going to drill owning 80% but ideally would farm down. Now that would be the day as a farminee likely requires $40 to $50m to get a 40% share.|
|Could that be why you appear to have 'your lights out' eh 'not got much sense'?!!!|
|That is enough for now.|
|Like I said immaterial really if all it does is keep the lights on.|
|ngms27, EOG make a profit all be it small from the oil produced onshore UK. Check with them.|
|I'm on the money ;)
IMHO of course|
|Pvr is run by a charlatan, who has failed to deliver, presided over a decade of shareholder destruction while creaming it at the top. Europa is a safer bet in my opinion. But the entire Irish oil and gas scene is still in its infancy. How long has Shell been trying to progress Corrib? Have they thrown the towel in.Cash|
|Will become so shortly, so your thoughts as ever are very immaterial!!!|
|I'm not even certain that it covers costs though so very immaterial.|
|True, as PVR do have the Druid drill contracted for mid 2017. Still EOG do have cash flow which PVR don't currently.|
|Makes PVR look even better ;)|
|Today's RNS is a good summary of EOG assets.|
|It doesn't mean I won't stop posting though. Bigger lol.|
|ngms - if you sell, we will ALL be happy bunnies!!! lol|
|What's not to like in the next 6 to 9 months. If I can sell at 8p I'll be a happy bunny.|
|We have an amazing pipeline of low risk drills coming up onshore UK.
Holmwood and all its razamatazz is next
followed by either Broughton or Hardstoft both of which are almost certain to hit oil.
Upland Resources published an updated CPR on Hardstoft today and it looks very promising indeed while Broughton could be part of a larger Wressle/Crosby Warren field.
All conventional wells and if they all come in our share price will rocket - never mind Ireland.
PVR are going ahead with the drill in the porcupine next year - they might as well be drilling one of our licences because if they hit oil it will have the same impact on our share price and I would imagine there are investors out there who will grab a piece of EOG pre-PVR spud on the chance of success.
All looking remarkably good for this undervalued company right now.
Over to NGMS for his negative thoughts ...|
|Doriemus' website says average daily production of 35 bopd and so small indeed at present but the sidetrack will hopefully test the Kimmeridge limestone and see if it flows as at Horse Hill.|