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

[currypasty] 07/7/2017 12:53

the 550k trade is down as trade number 70 at 8.55, so I guess its from yesterday.. and a buy

[guesswhosback] 07/7/2017 12:30

A close above 9p should be reason for a little more attention to the intraday trading. I am expecting a re-rating just on fundamentals never mind the gamblers arriving.

[jusmasel99] 07/7/2017 12:14

It appears the trade data on ADVFN is corrupt. Trades going through marked as OK are I am sure 'T' trades - teh sum of a lot of smaller trades that have already appeared.

Oh well can't complain about something that is free after all..

Signifcant volume today though on no particular new news which suggests a positive re-rating is on the cards. The chart looks good all the way up to 10p and beyond but then again I am no chartist.

[edgein] 07/7/2017 10:42

They think Druid is normal pressure too and Drombeg over pressured, so Drombeg if its hc positive will take a bit more time.

Regards,
Ed.

[edgein] 07/7/2017 10:39

Mr Pasty,

We'll know more when it spuds, but I reckon it'll be about 30 days, 45-60 if they drill Drombeg.

Morning Westie, you could be right although I'm hoping a little longer than 21 days to Druid. Druid dry perhaps 21 days, but it depends on the ROP so you never know.

Jus,

Installing conductor pipe, BOP tests at present then spud. Spud either Monday or at least next week imo. True tripping will take longer with the 2100m of water to add in, but I reckon they'll make rapid progress. We'll see though, I just hope its not too quick! :)

Regards,
Ed.

[jusmasel99] 07/7/2017 10:07

I don't know when exactly they announce the 'spud' - I presume after the top well casing, BOP and riser are in place because that is when they actually start to drill.

Apart from the weather - which remains fair (very) - the depth of water has a significant impact on time because at each casing interval and drill but change they have to deal with 3000m of pipe.

But they said 60 days so I'll go with that.

[westmoreland lad] 07/7/2017 10:03

TD within 21 days from spud Curry.

Morning Ed :)

[currypasty] 07/7/2017 09:54

what's your estimate on Druid, Ed?

[edgein] 07/7/2017 09:52

Jus,

Don't think it'll take them that long, Druid is at 1750m.

Regards,
Ed.

[jusmasel99] 07/7/2017 09:31

If by this time next week the share price has doubled which I assume it will, I will still be sitting here writing about how undervalued EOG is. Only difference will be it will be only 50 days till we hear the results from Druid....

[edgein] 07/7/2017 09:04

Yes naughty Jus! Unleash the Europa.

Regards,
Ed.

[currypasty] 07/7/2017 09:03

Ive added a few more recently.. its obvious this will pop.. ill bet my 20 years experience in oil and gas shares on it!

[jusmasel99] 07/7/2017 09:02

Ed - you will be delighted to hear that I have changed my tune and have removed my scepticism on the Weald Kimmeridge. It does look as though I was holding the market back somewhat ;-)

I think there are a lot of profits from UKOG and ANGS looking for a home now and what better place than the most undervalued Weald player out there. Thsi should double within a week or two.

Cheers

[edgein] 07/7/2017 08:53

Jus,

Given the vicinity to Brockham this well is going to be more exciting than BB-1 pre-results. It was much riskier than Holmwood, a 30 mile step out well. We're doing about 4km step out on what's thought to be a regional play. We're gonna get our day in the sun too. If not on Druid/Drombeg action then certainly on Holmwood, I saw a lot more risk in BB-1 than I do at Holmwood. Going to be an eventful H2. Hugh is going to be sitting pretty if Druid is a goer.

Regards,
Ed.

[edgein] 07/7/2017 08:49

Tony,

Well done you've now found the cheapest way into the Holmwood drill next in line after BB-1. Free carried here for 20% compared to ANGS paid wi of 12.5% in Holmwood.

Jus,

Scary thing is that Druid and Drombeg could be bigger than that! Expo risk a plenty but targets are bigger than many of the Falklands and Namibian targets combined!

Mr Pasty,

Could be some coming in for the imminent Irish AM action, could be some starting to realise our KL potential, surround Brockham and between Brockham and BB-1. Interesting to think that Total paid/are willing to pay (if they pay the last bit) more for a 35% option on Druid than our current cap! Who knows CNE might also find a few more bn boe prospective targets on our new turf too.

Regards,
Ed.

[jusmasel99] 07/7/2017 08:49

and we have production already as well as money in the bank.

20p here is a very realistic share price now just to get us anywhere near ANGS and UKOG.

60 days time we could get there just on the Porcupine with Holmwood to follow - I am repeating myself I know but this now seems such an obvious investment to anybody keen to make more money from the Weald kimmeridge.

[currypasty] 07/7/2017 08:45

ANGS nearing £60m market cap, we are less than £20m

[jusmasel99] 07/7/2017 08:39

Clearly a lot if interest in finding another undervalued asset that has exposure to the Weald Kimmeridge. If ANGS want to drill into that Horizontally for any longer than 1km (Wytch Farm is 10km long) then they will have to drill into Holmwood one way or another.

[currypasty] 07/7/2017 08:13

a bit of ukog and angs finally filtering through ?

[jusmasel99] 07/7/2017 08:13

Tony - EOG IS UNDERVALUED. Massively. And if you don't get in now you will miss the boat. EOG has other assets that are about to kick off in offshore Ireland in the Porcupine basin. PVR are drilling a well there that is analagous to one of our prospects in a licence on the other side of the basin. 1 BILLION barrels of oil potentially that will be derisked if the PVR drill comes in. You only have 60 days or less to get on board here if you want to reap the benefits of the Holmwood drill as well. £18m Mcap is just ridiculous compared to ANGS and UKOG

[rogerlin] 07/7/2017 07:58

UKOG have consent to flow test Broadford Bridge, a good result here will surely help EOG.

[tonywilliams00] 07/7/2017 06:29

I topsliced yesterday on ANGS and UKOG and looking to invest in Holmwood drill. What do you think EOG's 20% share could be worth if the results are the same as Brockham? I the area is 10 times that of Brockham then theoretically EOG's share is worth two times ANGS value of Brockham. EOG seems very undervalued if that is the case.

Mcap of ANGS = £52m and EOG only £18m

[rogerlin] 06/7/2017 20:18

More optimism from ANGS.

[fardels bear] 06/7/2017 20:10

Staus que? Que?

[smurfy200i] 06/7/2017 14:05

in the words od staus que .. down down ...