Europa Oil & Gas (holdin... Share Discussion Threads

[jusmasel99] 26/7/2017 15:30

Looks like an exciting weekend ahead ... here's hoping for good news.

[edgein] 26/7/2017 15:28

Herm,

Well GS did increase by a few million on the run up to the drill which was surprising as you say its not like the instis to take on risk like that. But I guess they'll be in for the long haul if Druid/Drombeg don't go the way we hope.

Regards,
Ed.

[dunderheed] 26/7/2017 15:28

herm - thats pretty interesting info - any idea about hc's (shows)?
I think everyone know's my opinion!

[hermana3] 26/7/2017 15:26

Ed,
Icemax is very fast. Was expecting TD by tomorrow but could be few days late!!! No insti would put money in as afraid to lose face.

[cheek212] 26/7/2017 15:24

UKOG share price just dropped significantly in a 2 minute period. Was looking good a few minutes ago, now not so!Still can't believe we are down today in comparison to others but hey ho!

[edgein] 26/7/2017 15:22

Herm,

That would be very rapid progress for 1750m in that water depth in just a little over 2 weeks. Its hard to say too as the money flow is just pi based. If the little blighter was on the TSX we'd have a better idea. But if its 28% porosity sandstone and it contains the volumes that PVR suggests on their website it should be pretty bloody obvious on the LWD and cuttings if there is live oil in that 80-90m. Not long to wait according to your source. Fingers crossed the money fountain will arrive and we'll avoid unexpected turbulence from a water fountain! :)

Regards,
Ed.

[hermana3] 26/7/2017 15:15

Ed,
Impeccable. Didnt put any great emphasis on last leg taking time but he aint a technical boy. Neither am I btw,lol.

[edgein] 26/7/2017 15:12

Herm,

Is your source reliable? Because slowing the last 100m means only one thing to me and that's reservoir preservation.

Regards,
Ed.

[hermana3] 26/7/2017 15:09

Ed,
Last bite will be slow. RNS on Monday morning is my guess.

[edgein] 26/7/2017 15:07

Herm,

Well if I were a betting man I'd be looking out for an RNS late Friday or up with shoes shined first thing Monday morning. If they're slowing ROP for the last 100m then that's particularly interesting if accurate.

Regards,
Ed.

[ngms27] 26/7/2017 15:04

That would suggest they have penetrated the top Fan?Still no leak!

[hermana3] 26/7/2017 15:01

Ed,
Last 100 metres. Wont be taking cores as keen to get onto Drombeg. Total dont like wasting money and time is money.

[edgein] 26/7/2017 15:00

Herm,

Good lord man, perhaps wait until the flow rates before you make a declaration like that. I no longer hold that out of control Juggernaut at the moment but money flow still suggests a +ve result but lacks upside for re-entry. Even a stunning flow rate would have its work cut out to support their cap.

Regards,
Ed.

[hermana3] 26/7/2017 14:56

Jus,De lunatics are running that particular asylum. Not commercial.

[jusmasel99] 26/7/2017 14:54

Totally insane Ed. Glad I am not in that one. Fingers will be burnt for sure.

[edgein] 26/7/2017 14:50

Hmm makes you wonder if UKOG are getting flow rates similar to the naturally fractured areas of free flowing Austin chalks (not a direct comparison of course because they're much deeper and more gassy). It'll be really interesting to read the details of their flow test when announced. Perhaps its just a bull trap on large volume. We'll find out before Holmwood anyway, but its a fascinating watch, I sold way too early given the current price action it seems. :)

Regards,
Ed.

[edgein] 26/7/2017 14:40

Good lord UKOG has went insane! By far the cheapest of these KL players is now EOG by an absolute country mile. Should really be £30m easily on the Irish AM licences alone. Funnily enough speaking of hype SOU had a market cap of £100m+ before Morocco based solely on Badile hype and it was a fraction of our Irish asset potential before it was drilled, even less than that now of course. No hype priced in here as yet, was just over sold at £15m.

Regards,
Ed.

[cheek212] 26/7/2017 12:34

Seems UKOG is on the move again today whilst we have shrunk back a little! A little disappointed!!

[guesswhosback] 26/7/2017 10:39

NGMS- Do you think that EOG would sell their stake in Holmwood rather than continue with the income? I guess as operator, they will have a lot of insight to the future?

[lowflow] 26/7/2017 10:31

ngms,

What do you think HH would produce on a long-term test?

[jusmasel99] 26/7/2017 09:35

A little snippet from our ex MD suggests that he knows of a very accessible spot closer to the A34? and the railway for drilling a production well ...

[ngms27] 26/7/2017 09:34

I agree in any development phase it's going to take many well pads to drill out Holmwood.But my views are it's a long shot and EOG wouldn't be involved.Chicken and eggs spring to mind, though shorter term I'm happy to ride the hype.

[edgein] 26/7/2017 09:22

Roger,

Never gonna drill the entire 90km sq Holmwood licence from one pad in Brockham which already has several wells. ANGS are in on Holmwood licence too, but as you say too many parties involved in Holmwood to do a deal with ANGS et al. I cannot see Hugh exchanging a Holmwood interest for a Brockham interest. But you could see them trying some new completions with significant horizontal sections through the fractured limestones.

Regards,
Ed.