ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

HEP Hephaestus

2.875
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Hephaestus LSE:HEP London Ordinary Share GB0007614935 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 2.875 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 2.875 GBX

Hephaestus (HEP) Latest News

Real-Time news about Hephaestus (London Stock Exchange): 0 recent articles

Hephaestus (HEP) Discussions and Chat

Hephaestus (HEP) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type

Hephaestus (HEP) Top Chat Posts

Top Posts
Posted at 15/10/2008 03:15 by lmhardy01
In theory that is the case except for EPG sales are in Euro as now it accounts in Euro also. It alos does not allow for the fact that the gas price in Europe is some x 3 compared to OZ prices. We at some point have to get rerated in Euro's which should make the OZ share price even greater. When is the question? I think they really need to expand production ASAP as well as dual list as well.
Posted at 14/10/2008 21:03 by ucretin
Sod of it is £/A$, reduces share price even further
Posted at 14/10/2008 20:40 by lmhardy01
Still waiting for the big one ie the flow rates etc from the NEW drilling at Lorraine. This will give a real idea of the CBM potential as opposed to CMM which we still do not know. With this I think we will get a P3 and possibly a P2 number. This SHOULD FIX THE share price but in this market who knows. My latest calcs based on all published reserves give an implied share price of $12.40 + dollars based on the Connoco /Origin deal in OZ.
Posted at 14/10/2008 07:38 by ucretin
WTF these bloody aussies up to. No news and price now A$0.29 - 0.31. Other than market sentiment, anyone know of a reason for the severe drop?
Posted at 18/8/2008 15:52 by ucretin
Down, down and further down. News on why the price keeps sliding wouldn't go amiss or even a Trading update.
Posted at 12/11/2007 20:31 by egoi
For share price www.asx.com

I have reluctantly sold out, mainly because I needed funds for a couple of UK stocks I have been aggressively buying into in different sectors but also because HEP were talking of production by mid-summer pre the move to Oz and EPG have offered no newsflow. As we are now into November Buffin's misgivings about EPGs track record on timetables and lack of news persuaded me to get out, even though the company owed me nothing!
Posted at 05/7/2007 20:16 by fredling
sranmal talltalk and Jonno,


Still in this share too.


Vive La France...well a particular part of it!

Fredling
Posted at 04/7/2007 07:35 by jonno1
European Gas Limited Signals A Major Acquisition Could Be On The Cards
Coal bed methane specialist European Gas Limited (EGL) has entered a funding agreement for �36 million (A$58 million) to help it buy a series of producing gas assets in Europe and for working capital purposes. No further details of the proposed acquisition have been released as ASX-listed EGL is still in the due diligence process and is bound by confidentiality clauses.

The funding agreement involves two tranches of convertible notes, with a three-year term and a base coupon rate of 5 per cent. The notes would convert into 48.5 million shares, almost 19 per cent of the company�s current capital fully diluted. The notes will be secured against the assets and priced at �0.75, or A$1.20, a significant premium to the company�s current share price of just over A$1 a share.

News of the funding agreement and the proposed acquisition, which if it proceeds is expected to complete within three months, came just over a month after EGL was forced by ASX rules to explain recent increases in its share price and traded volumes. The company could give no reason at the end of the May, explaining that it was pursuing its stated objectives of expanding its portfolio of assets in Western Europe and, accordingly, sometimes entered discussions with third parties about potential acquisitions or other opportunities. At that time, however, no such discussions were at an advanced stage to warrant any announcement. That has obviously now changed and investors will be keen to hear more details of the proposed acquisition.

The fact that EGL is investigating producing assets will be welcome news. A steady revenue stream would be a welcome addition to the books as the company works towards bringing its Folschviller and Diebling CBM projects in the Lorraine region of eastern France into pilot production. It would also bring the comfort of diversity: at present, despite holding CBM permits and applications elsewhere in France and Italy, EGL�s fortunes are heavily weighted to the success, or otherwise, of the Lorraine CBM project.

Fortunately, that project does look promising. The 460 sq km Lorraine permit lies on the Franco-German border in what used to be a major coal mining area, producing 850 million tonnes of bituminous coal. Enron spotted the potential here in the mid-1990s, coming up with a gas-in-place number of 7 trillion cubic feet of gas in an area of 680 sq km.

EGL, mindful of its rather more limited resources, started small, focusing its initial efforts on the Saint Avold and Alsting sub-areas, which comprise 68 sq km. These sub-areas, which account for just 7 per cent of the project�s permit and application area, are thought to hold just under 1 tcf of gas. This is a tasty resource and, after it completed its acquisition of former partner Heritage Petroleum earlier this year, EGL holds 100 per cent of the acreage.

Two test wells have been drilled to date, Folschviller St1 and Diebling St1, and EGL describes the results as �highly positive� with the potential to lead to a considerable upgrade of the estimated resource in place. Engineering design work and selection of contractors for a two-well pilot production programme is well advanced, with drilling work expected to get underway this summer. Multi-lateral drilling will ensure each well has maximum exposure to the coal packets, thus improving permeability and increasing production per well, reckoned to be as high as 1 to 2 million cubic feet per day. Seismic work is also planned at both the Folschviller and Diebling sites to help determine a full-scale development, which will target almost 1 tcf of gas.

This is exciting stuff but it comes at a price: multi-lateral wells are a Rolls-Royce engineering solution and are not cheap to drill. If EGL can get some production and cashflows onto the books it will help with the financing of this promising CBM project.
Posted at 18/6/2007 09:47 by buffin
There was a fresh valuation thread on Australian bb hotcopper over the weekend. Inevitably the guesses made some heroic assumptions but they may have highlighted the share and led to some buying.
Posted at 11/10/2006 22:36 by sranmal
With EPG out-pacing HEP in the share price stakes recently (partly or even mainly due to our being quoted on OFEX and little covered), I've been contemplating whehter I should be holding EPG rather than HEP. This seems like a decent deal to me, as it would gain me a few pence per HEP share and then "do the transfer" for me? Of course, my HEP targets were much higher than the current SP, due no reason why they can't be realised as part of a larger, more liquid and noticed group.
Hephaestus share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock