|Europa Oil & Gas
||EPS - Basic
||Market Cap (m)
|Oil & Gas Producers
Europa Oil & Gas Share Discussion Threads
Showing 14401 to 14424 of 14425 messages
|Not a lot of money needed to fund the LO. Less than £25k I think per annum for a 30% share and less once they relinquish the unneeded areas. If Cairn convert to an FEL then I think it drops further during Phase I. If they then decide to drill well heaven help us if we can't farm out then.|
|Capricorn to fund a US$6 million work programme, which includes the
acquisition, processing, and interpretation of 3D seismic, to acquire a 70%
interest in and operatorship of LO 16/19
* 3D seismic to be acquired in 2017 and processed product will be delivered
+ Future exploration will be based on the results of detailed prospect
* Europa will fund its 30% interest in LO 16/19 on completion of the fully
carried work programme
Funding the 30% interest might be a bit tricky, but perhaps the situation will all look different by then, following a glorious success at Druid of course.|
I would love this to go at 20p. I too live in hope that it rockets past 50p on the day the news breaks.
A great addition to my OAP which is nearing soon.
|EME recently sold one of their assets, admittedly not at the best price due to POO, but enabled them to give shareholders a substantial cash payment.
I can see the same here, as even long term holders would appreciate to be able cash out now and then.|
|Agreed a nice outcome to have. I guess it depends on the appetite of our CEO to get involved in complex farmouts. He does say company maker rather a lot so i could assume a decent find followed by a decent offer may be his outcome. I genuinely do not know but I will ask him. I seem to remember a lack of fund investment here? Which means no one to pull the strings.|
|Just daydreaming about your comment "I doubt we will ever get to drill" and the 60p which I like. Maybe we won't drill but there are other ways to farm down an interest in a discovery such as royalty payments on future production. That is a great way to realise value immediately as it is a saleable asset. $1 a barrel on a 150 million discovery could be sold on at a discount - no idea what the NPV would be and production would be 5 maybe more years away. That would be only from one discovery we might have many....
Let's see what happens with JOG .. they have a North Sea drill this year that they have farmed out multiple times so are earning income from the drill as well. If it comes in their share price will take off but as it is the company pre-spud is valued at £30m twice our present cap.|
|Thats a very upbeat statement. It surprises me that we have such little interest? Having said that, I have been in shares that have been 13p and then £1.30 within a couple of months. I guess we will only see the big action around the big Irish results. I doubt we will ever get to drill anything. A few free carries would be nice. Even at 60p we would only be worth £150m? I can remember this company trading at 36p with almost zero income and no Irish licences!|
|he sounds upbeat..
"Success at any of the wells currently being planned would be game-changing for the basin. With a portfolio of seven licences covering 5,818 sq km, six play types, three basins, and twenty prospects and leads, Europa will have an industry leading position in what would be a new hydrocarbon province in western Europe."|
|Interesting Mr Pasty,
Mr McKay got us that CNE deal in the nick of time too. CNE not hanging around on the new turf it seems, good to get more activity on the new block. I wonder how many prospective bn boe this will add too, its almost a 1000 sq km licence, I guess multiple stacked fans and a couple of Jurassic targets likely to light up on this one too. Starting to resemble some of those Falklands or Namibian companies now.
I am happy to hold both EOG and PVR. EOG for different reasons but their assets in the Atlantic Margin will in time bear fruit as will PVR assets there.
Good RNS out.
|Volume is up and the anticipation is growing. Has anyone posted the similarities on the PVR board? I cannot myself as Im not invested there but for anyone in both camps it could be seen as a reasonable cross over to here?|
|Thanks Mr CurryPasty - average volume looks to be on the increase which is good news from a trading perspective.|
|Thanks GD - interesting volume over the last week or so - Curry - it would be great to have the volume chart as well on the header - I think someone else asked the same when we moved over here. Thanks in advance!|
I am in full agreement with your post though I do feel with Schlumberger's involvement in Druid that the drill will be good.
Yes I am being optimistic. There is no other way to be when you invest your hard earned money after doing a lot of research in companies. That is why I also hold EOG.
|What we know about the South Porcupine so far...
Two wells drilled and both found hydrocarbons so the area is a mature hydrocarbon province.
Only two wells drilled because of the high cost of deep water frontier exploration.
Only one well drilled since the Bay du Nord discovery but seal was broken.
First well (BP) was drilled without current state of the art 3D seismic (and in shallower water).
Vast amount of new 3D currently being shot with results due next year although the majors don't usually discuss their findings publicly.
Next year could bring several new drill decisions and farm ins between majors.
Druid/Drombeg to be drilled this year. Dunquin South may follow. Nexen and Woodside already planning drills.
PVR and EOG have the largest South Porcupine acreage between them.
EOG has two FEL both at the old Fiscal terms which are 10% more attractive.
Rig costs are still very low with a spike in Oil Price looming. Majors need to replenish their reserves quickly through exploration and not purchase.
It is all looking remarkably good for the South Porcupine and I believe a major oil discovery is imminent - let's hope it is this year with Druid.....|
|I think that perhaps the herd is not as large as it used to be, and it has its eyes on HUR and SDX - if it still has any appetite left for oilers. That's what I am trying to decide for myself.
This is a solid gold punt, but ...|
|looking very tasty this morning, still no 'herd' arriving yet!|
|Borrowed from the PVR bb and posted by Steelwatch.
Seismic survey to include Dunquin starting shortly with vessel Geo Caspian en-route south of Salcombe now.
So much scheduled 3D seismic activity to start very soon in the Atlantic Margin, plus the Druid drill starting in June.
Interesting. Certainly a lot of activity building in the Porcupine with all these seismic shoots going on/planned. Majors taking positions and applying for more licences and PVR about to drill again. It could be a mix of druid and speculators for farm-out here firming the price before Holmwood. MM's happy to take that 220k seller this morning on full bid, so orders placed it seems while others still chipping away on the ask.
|Seismic acquisition starting soon ... http://www.nasdaq.com/press-release/tgs-announces-crean-3d-multiclient-project-in-ireland-20170424-00049|
|The 186k was a sell....|
|Nothing less than 20pps for my holding. Buy on the dips|
|something afoot, 186k buy, 322k buy...you wouldn't want to be selling now would you? even if the mm's are tempting with 6.25|