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

[kwizza] 26/9/2017 23:49

From 25th Sept RNS UKOG

Stephen Sanderson, UKOG's Executive Chairman, commented:
"This acquisition is another step in UKOG's strategy to further consolidate and increase its holdings in the Kimmeridge oil play. The forthcoming Holmwood well provides a valuable near-term opportunity to test a geological look-alike of both our Broadford Bridge and Horse Hill oil discoveries, and which can hopefully provide further proof of the new Kimmeridge play concept. The significant overlying Portland target also provides additional low-risk potential reserve upside. We look forward to the well's spud in the coming winter and the valuable information it will provide for our quest to monetise the Company's Kimmeridge and Portland oil."


Will the rig go here next ?

[brasso3] 26/9/2017 19:50

Gents

What is the latest on the HoLmwood well? I thought that was planned for H2 2017.

TIA

[jusmasel99] 26/9/2017 15:45

Steve Staley, Upland Resources Limited CEO, said:

"We believe that Wressle is an excellent asset and that a stake in it will produce substantial revenue for Upland in the near future.

This revised deal with Europa Oil & Gas allows us time to see the results of the planning appeals that are only a few weeks away. The format of the appeals is very different to the planning decisions made by North Lincolnshire Council - the appeals take prior written dispositions which are subject to proper scrutiny and cross examination and they are held within a well-constrained framework and timeframe. Hence this is a process in which the Planning Inspectorate will now consider and act on the facts - efficiently and objectively. Given the strong case of the Wressle co-licensees, we believe these appeals stand a very good chance of success, especially as North Lincolnshire Council's own planning officers recommended approval. If, however, they are not successful Upland will have not paid for the stakes in PEDLs 180 and 182.

[greatfull dead] 26/9/2017 15:26

Ftj,

Holmwood for starters.

ATB,
GD

[greatfull dead] 26/9/2017 15:26

Ftj,

Holmwood for starters.

ATB,
GD

[funtimejonny] 26/9/2017 14:53

Nobbled a few meself. Hope to make a few bob here with some positive stuff due quite soon.

[greatfull dead] 26/9/2017 13:26

Mr Pasty

Nice one. I needed to take some smallish profits elsewhere and buy what I feel is a bargin. To me the current share price of EOG is a bargin. Thats how you play and survive this game IMHO.

ATB,
GD

[currypasty] 26/9/2017 13:10

same here GD 100 @ 5.9

must be getting ready for next run after quite a sell off from 9 to 5.75

[greatfull dead] 26/9/2017 12:53

I topped up earlier. Could not resist.

GLA,
GD

[rayrac] 26/9/2017 11:55

JoeStalin, yes, my thoughts exactly. Someone has had the lid on the Weald potential, but now it's off...hopefully too everyone's benefit.

[jusmasel99] 25/9/2017 17:40

It is true .. planning permission has been granted .. with conditions .. it is only the two remaining conditions that were deferred from the previous meeting to be approved. Only consideration is if we get on the agenda for the October committee meeting. UKOG could have some influence on that.

[guesswhosback] 25/9/2017 16:32

Hmmm nice one if its true...

[joestalin] 25/9/2017 13:59

Planning consent from Surrey County Council is in place to drill and flow test the Holmwood-1 exploration well!!!


How many years has this been stalled by the green welly brigade?

[currypasty] 25/9/2017 13:28

"Planning consent from Surrey County Council is in place to drill and flow test the Holmwood-1 exploration well, which is now scheduled for the coming winter season"

[hpotter] 25/9/2017 12:22

RNS Number : 7222R

UK Oil & Gas Investments PLC

25 September 2017

UK Oil & Gas Investments PLC

("UKOG" or the "Company")

Acquisition of a Further Interest in Onshore Licence PEDL143,

Holmwood-1 Kimmeridge & Portland Exploration Prospect, Weald Basin, UK

UK Oil & Gas Investments PLC (London AIM: UKOG) is pleased to announce that it has agreed to acquire a further 10% interest in Licence PEDL143 ("the Licence") from Warwick Energy Exploration and Production Limited ("Warwick"). Upon completion, the Company will hold a 40% interest in the Licence, which is currently operated by Europa Oil & Gas Limited.


'currently operated' !!

[greatfull dead] 25/9/2017 08:17

OT,

I will only reinvest in PVR if and when Barryroe is farmed out.

GLA,
GD

[rogerlin] 22/9/2017 19:18

This is somewhat out of date (Feb 2017) but they mention that although the well is planned for 2018, it could easily be postponed till 2019 or 20. I think Nexen is really the only firm one to look forward to.

[dunderheed] 22/9/2017 16:32

The Woodside one does look interesting actually. IMHO.

[jusmasel99] 22/9/2017 15:07

oops = Nexen is CNOOCs subsidiary but Woodside have one planned for 2019.

[dunderheed] 22/9/2017 14:09

5706: That'll be great so maybe in about five years we can get some more corporate action on 'our' blocks!

[jusmasel99] 22/9/2017 13:55

And another well to be drilled in the Porcupine next year by CNOOC testing a similar structure to PVRs Diablo.

[currypasty] 22/9/2017 13:38

agree there, wressle is probably more valuable today than it was when deal done

[jusmasel99] 22/9/2017 13:35

No idea what UPL are up to but worth remembering we are their partners in Hardstoft as well. No harm in waiting I suppose until or if a better investment appears. To be honest I would be delighted if they backed out. More production now would be really good and of course since the deal was done the OP has risen and by all accounts is likely to continue to rise.

News from Nexen .. tender out for rig in the Porcupine next summer!

hxxps://achilles.com/images/locale/en-EN/communities/FPAL/pdf/supplier/Forward-Workplans/FPAL-Forward-Workplan-Nexen-Q2-2017.pdf

[currypasty] 22/9/2017 13:04

are UPL going to go through with the Wressle deal or not.. surely getting time for them to decide?