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

[ngms27] 16/8/2017 10:20

guesswhosback, no, bought at 12p sold some at 18p and bought some back at 12p. I'd have quit pre-drill given 25p but the plan didn't work!

[currypasty] 16/8/2017 10:19

im underwater at PVR, average 16p, only a punt though, mate of mine has 2mil of them.

[guesswhosback] 16/8/2017 10:17

So I guess you must be pretty much underwater in PVR?

[ngms27] 16/8/2017 10:05

Well you all know my thoughts on AVO without corresponding well data. Even then the empirical evidence suggests it can work very well in say the Paleozoic and a total wipeout in the Jurassic in the same well!

So to me at Druid/Drombeg it's a chocolate teapot to me. More a tool to get investment than anything else.

I still think Drombegs likely to fail despite the markets reaction today. No real volume coming through that I can see.

[edgein] 16/8/2017 09:16

Mr Pasty,

Hope so! At least their share price is heading in the right direction at the moment, fingers crossed. You never know, the odd frontier well still does come in. Personally with their pre-drill prognosis being way off for Druid I would class a 1 in 4 as a tad optimistic. Who knows perhaps the false positive AVO and fluid response of Druid was a one off. :)

Regards,
Ed.

[currypasty] 16/8/2017 09:09

hope they have found something, other than water

[7russell] 16/8/2017 09:07

PVR picking up this morning - might be a good time to get a few more EOG

[timw3] 14/8/2017 22:45

Heads up Seller cleared at AAOG... $800m spud in 4 weeks!!

AAOG without doubt in play now seller out with that 1m sell printed after hours.

Fincapp valuations:

Mengo hit 750bopd - £70m MCAP - £1
Djeno hit 10k bopd - £750m MCAP - £10

So £11 potential vs 28p share price

Current market cap is only £10m once cash is stripped out.

£10m cap vs $1billion potential...

No brainer at these levels.

60p+ target at least prior to spud in 4 weeks

[rayrac] 14/8/2017 17:36

Sez who? You?

Trap shut until the drill bit lets us know. There are no certainties in the oil business, just Gypsy Rose Lee types

[ngms27] 14/8/2017 17:15

On no I wasn't, I've just stated my opinion that Drombegs a more robust target than Druid. Even then the COS will be lucky to be a one in four shot.

The balance of probability is and has always been that Drombeg will fail.

[guesswhosback] 14/8/2017 16:50

That's ironic you were one of the one talking it up!!

[ngms27] 14/8/2017 16:29

More likely it's didly squat

[currypasty] 14/8/2017 16:28

punters sounding a bit more cheerful on PVR today, talk that failing oil in Dromberg, there could be gas... good for us if it is

[currypasty] 14/8/2017 12:30

Egdons comments this morning..

Egdon's next drilling activity is likely to be the Holmwood-1 conventional exploration well in Weald Basin licence PEDL143 (Egdon 18.4%) where the operator, Europa Oil and Gas ("Europa"), has advised that they expect to commence operations later in 2017 once all final approvals are in place. In addition to targets in the Portland and Corallian sandstones, where the operator has estimated mean prospective resources of 5.6 mmbls of oil ("mmbo") (net Egdon 1.03 mmbo), the well will also test the highly prospective Kimmeridge Limestone play. The Horse Hill-1 well (UK Oil and Gas Investments plc ("UKOG")) is located some 8 kilometres to the east of Holmwood in a similar structural position and tested 323 barrels of oil per day ("bopd") from the Portland Sandstone and 1,365 bopd in total from two intervals in the Kimmeridge Limestone. Egdon is largely carried on the Holmwood-1 well by UKOG. Over the next few months extended well tests at Horse Hill and Brockham (Angus Energy plc) and testing at Broadford Bridge (UKOG) will provide further insights into the commerciality of the Kimmeridge Limestone play and its potential at Holmwood.

[guesswhosback] 14/8/2017 11:03

He also predicted a P&A this am at 7am.

[rayrac] 14/8/2017 10:42

Sorry ngms, but you are first rate at something...being a prat! An utter one at that. Spouting off as though you are an expert at the forecasting business. 👉🏿🤔🤷7996;‍♂️🤕8584;🤦‍;♀️8514;⏰🔜;

[currypasty] 14/8/2017 10:01

UJO up 7%, we have just turned blue..

[currypasty] 14/8/2017 08:15

some read across..

[jusmasel99] 13/8/2017 04:11

Wressle Planning Appeal - I am a newsagent hence up so early - but had time this morning just to check up on the latest dates etc from the PLanning Inspectorate. One of them caught my attention. In October both sides have to submit a statement of common ground. Who will be submitting this on behalf of NorthLincs? The planning department? Because they recommended approval. They totally agree with our original application. Or does the council appoint a legal team to represent the views of the opposing councillors? The councillors that overruled the Environment Agency. It really is an extraordinary waste of money.

[ngms27] 10/8/2017 16:39

As I suggested BB-1 would produce zero hydrocarbons. It seems others have forced them to admit that they have drilled a sidetrack.

Will this be any better? Short term maybe, but after a few months I'm expecting a trickle.

[rogerlin] 10/8/2017 16:30

Update on activities at BB.

[dunderheed] 10/8/2017 16:15

Agree actually got a bit ahead of myself there!

[ngms27] 10/8/2017 16:06

I'd think they 6 or 7 days away from Drombeg results yet.

This time next week Rodney.

[dunderheed] 10/8/2017 14:46

Wasn't clear in my post.
Saying although the chance smaller imho for hc's now (none earlier hence my hunch) - in theory they could very much still be there - due to a very strong seal- hence no hcs present 'above' - would have thought there would have at least been some shows and some 'market indications' (ahem) of this - if that were the case. Weather allowing they've got to be pretty close to 'reservoir' now?