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

[greatfull dead] 26/1/2018 10:32

CP,

Stop dreaming.

ATB,
GD

[currypasty] 26/1/2018 08:45

It looks to me like we have turned a corner and pushing other projects rather than getting hung up on UK onshore progress which has been very disappointing so far.

Ive decided to keep the rest of my shares, and even buy some others back.. the 4.35 are buys

[itsriskythat] 26/1/2018 08:17

Cheshire West C has done the same as Surrey CC in refusing an application, and afterwards coming up with a reason!

[itsriskythat] 26/1/2018 08:14

Councillors reject fracking firm's plan to test for shale gas in Ellesmere Port



Councillors voted on a motion to refuse IGas permission to test without a prior reason given for refusal in the motion. As can be seen in the video clip.

Although planning is supposedly non-political, it was interesting the motion to refuse planning permission was proposed and seconded by Conservative planning committee members Jill Houlbrook (Upton) and Eleanor Johnson (Gowy).

But the move went against the recommendation of the council’s own professional planning and legal officers who had to quickly come up with an alternative form of words capable of supporting the members’ stance in law.

Fiona Hore, Cheshire West Council’s senior manager, planning and strategic transport, suggested the proposed development to appraise shale gas at this location was contrary to the council’s Local Plan.

Reading a hastily prepared statement, she said:

“In this instance the proposal does not mitigate and adapt to the effects of climate change in ensuring development makes best use of opportunities for renewable energy use and generation.”

[rogerlin] 25/1/2018 16:26

If things go a bit slowly in the Porcupine they will need licence extensions and Irish contacts will be important there.

"We are looking at 3 new jurisdictions for Europa". That sounds a lot! Not all at once I hope.

[dunderheed] 25/1/2018 16:00

6472 - f me CP - written at same time - great minds of course!!

[currypasty] 25/1/2018 15:55

personally I think there has been some selling due to B O'C being brought onboard.. many here remember the PCI debacle !!!!!

However, he is not running the Company, he is only a NED to obviously help in the commercialisation of Irish assets.. He also has a lot to prove !!

[brasso3] 25/1/2018 15:36

Looking to pick some of these up when it bottoms out. I expect it could go sub 4p without good news flow. Maybe positive news more likely to come from UKOG though rather than EOG.

I remember attending an investors presentation at the Mayfair hotel many years back when Hugh first took over at EOG. I was quite impressed with him at the time but he has not really delivered IMO.

[greatfull dead] 25/1/2018 15:30

Brian O'Cathain was part of the BOD that messed up PCI who went bust. Not the man I would have given a position in EOG. Still as I have not been a holder of EOG for sometime, it is really of no consequence to me.

GLA,
GD

[jusmasel99] 25/1/2018 15:25

I expect they will CP but they have to have their first Board Meeting to obtain approval to purchase - hopefully ( ;-) ) they won't be allowed to for a while with lots of inside information of lucrative deals to hand ,....

[currypasty] 25/1/2018 15:22

I would expect the new directors to show investors they do mean business by buying some shares in the market. That means actually buying, and not getting free options at this ridiculously low price!

[itsriskythat] 25/1/2018 15:22

Should now put Holmwood and Wressle decisions in the hands of the OGA and Greg Clark

[itsriskythat] 25/1/2018 15:18

Decision made at last ..

Greg Clark issues green light for KM8 frack subject to Third Energy demonstrating to the OGA their financial resilience.



"I have informed the Oil and Gas Authority today that I am satisfied that the thirteen technical requirements set out in section 4A of the Petroleum Act 1998 have been met."

[itsriskythat] 25/1/2018 12:52

I recollect that with Wressle production online,Europa was going to be a cashflow positive company, and able to fund projects internally.

Today's updated target price for Egdon from Egdon's broker VSA Capital models Wressle production coming online in H2 FY 2019. But Egdon has a different FY so that would be sometime between Feb 2019 and July 2019 (if I read it correctly).

Maybe Egdon are expecting more of the same from N Lincs council.

[jusmasel99] 25/1/2018 12:48

Only capital injections that could be required would be acquisitional which I would support if it was directly tied to production.. Porcupine is just taking a breather - the big boys have splashed the cash on Seismic and will have the results to hand already or soon and hopefully enough to take to their boards to progress. If every potential new basin was discarded after one or two disappointing wells then I can't imagine how much oil would be left for the world to consume. Exploration discoveries at an all time low while consumption on the increase despite the greens.

[dunderheed] 25/1/2018 12:34

Spangle - no I think drombeg put back 'big oil' exploration in Ireland quite significantly for a few years, full stop.
Dunquin I was just 'allocating' to Porcupine!!
All i'm saying is .... I've heard all the enthusiasm before and am tired of it - let's see some crystallisation of the potential.

Re new areas - yep hope we dont see further 'capital injection requirements'.
All imho and not intended as investment advice.

[dunderheed] 25/1/2018 11:36

6458 - not sure if you were replying to me and again not wishing to appear pessimistic but didn't dunquin 'put paid' to Porcupine? Imho?

[currypasty] 25/1/2018 11:22

much better interview than the last one, lets see how the two new directors earn their corn! A little annoying going on again about growing market cap.. which has occurred due to placings and dilution, NOT share price growth.

[jusmasel99] 25/1/2018 10:47

YOu should watch the Proactive interview - apart from highlighting the fact that EOG need to appoint a new corporate tailor pretty quickly and it might be a good idea to get someone from Gillette on board - there does appear to be that shift in strategy I was alluding to with newsflow expected from new horizons during the year. Very positive on the new interpretation of Porcupine Seismic as well - Dynamite he says ...

4.5p is a steal ..

[dunderheed] 25/1/2018 09:26

CP that's quite a good article actually but, they did leave out one important point!! From memory (I wasnt a share holder but was watching the car crash).

To repeat all imho and from a failing memory of an old man but, after WV completely 'outplayed' the 'mgt' of pci they actually offered an 'olive branch' of about 3p per share (that's what I'm not sure about?) but the 'mgt' put out advice not to accept the offer and some share holders inferred / thought there was some 'plan B' (not the singer) by the directors, which would save the day.
Unfortunately there didn't appear to be and, the share holders who didn't sell even lost out on that offer.
Really very sad.

Of course I doubt any of that kind of mullarky would play out at EOG simply because they will not have the assets to justify such interests - dont mean that in a bad way - this 'corrib' stuff (alone) could be worth at least double current share price to EOG if they end up with an effective free 5% royalty.

[christy41] 25/1/2018 09:16

A new interview with Hugh on Proactive...