||ORD NPV (DI)
||EPS - Basic
||Market Cap (m)
|Oil & Gas Producers
Upland Resource Share Discussion Threads
Showing 226 to 246 of 250 messages
|We could do with a bit of good news to prevent the share price from drifting below that beautiful 12-month trend line.|
|jus taken another 100k..sitting on shy of 500k|
|this is one that could be 10p at end of year...the strategy they have off buying producing assets and also going for big exploration assets...means this will come good with patience...they have put millions of their own money on line and have already built and sold a company...plus started as oil dropped...this with 3 year timeframe could be a mid cap.|
good post. looks like our CEO has covered all bases|
|Mr Staley needs to confirm some of the other projects they have been trying to identify in Morocco and Malaysia asap.|
|Sell in haste, repent at leisure?|
|"Completion of the agreement entered into between Europa Oil & Gas and Upland UK in respect of the Wressle Farm-ins (the "Wressle Farm-in Agreement") is subject to Oil and Gas Authority ("OGA") approval of the interest assignments, OGA approval of the Wressle Field Development Plan, as well as receipt of approvals of certain planning applications and an environmental permit variation."
And there is the get-out clause. Wily old SS!|
|And there is more than one trick to this pony.
AIMHO and DYOR.|
|Hard to grasp why rejected based on planning officers recommendation to approve.
This is just LAs showing some muscle.
Appeal will likely be approved given the conditions set.
A chance to accumulate cheap stock.
The mgmt have oodles of stock here so I'm quite happy to back them.|
|They have granted 4 borehole monitors so if they were totally opposed to the project these would not have been granted.
"Europa Oil & Gas (Holdings) plc, the UK and Ireland focussed exploration,
development and production company, notes today's update from Egdon Resources
('Egdon') regarding the refusal of planning consent by North Lincolnshire
County Council's Planning Committee for the development of the Wressle Oil
Field ('Wressle') at Lodge Farm, Wressle, North Lincolnshire.
At the same meeting the application for the installation of groundwater
monitoring boreholes was approved.
The decision of the Committee goes against the positive recommendation of the
County Council's Planning Officer which was determined after an extensive and
thorough review of the field development plan. The partners in Wressle will now
consider their options which include the right to appeal.
Europa's CEO, Hugh Mackay, said "We are disappointed with the Planning
Committee's decision. Lying just 5km away from the Europa-operated Crosby
Warren field, Wressle is located in the heart of the East Midlands petroleum
province, a region with a long heritage of conventional oil and gas
production. Furthermore, at an anticipated gross rate of 500 bopd, Wressle has
the potential to generate meaningful revenues not just for the participating
companies, but also for the government in the form of tax receipts. With this
in mind, we will be exploring with our partners all options on how best to take
these licences forward and further updates will be provided in due course.
On 24 November 2016, Europa announced it had signed a Sale and Purchase
Agreement ('SPA') with Upland Resources (UK Onshore) Limited ('Upland') in
relation to a 10% interest in PEDLs 180 and 182. Completion of the SPA, which
is subject to approval from the Oil & Gas Authority and the granting of
planning consent ".|
|When is the 2nd application going in?|
|zen, agreed. Setback, but that is the beast that we wrestle.|
|Likely to be appealed given that they want conditions mainly re the aquifiers.
We have our £1.5m in the bank regardless, so will be interesting to see where we go from here.|
|2hrs and 35mins to meeting............|
|been dumping profits in here over last 2 to 3 months.|
|good finish there!|
|MM's asking for more than quoted bid (1.425) for 500k as indicated by trade just gone through.|
|Things moving at a pace:
|Good reminder, completely forgot. Money is in safe hands here.|
|AGM on Friday.|