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

[jusmasel99] 19/2/2018 09:13

You do get to hear the news here first .... ;-)

[ducatiman] 19/2/2018 07:33

Encouraging RNS, hopefully stop the rot.

[andrewpandy1] 17/2/2018 03:31

Does a bit yes.
She stays around much longer
"Corbyn will bring the house down" .

[joestalin] 16/2/2018 17:15

That sounds like a damnation of Theresa the Appeaser. Harsh but fair!

[andrewpandy1] 16/2/2018 12:47

My research in life is !
Those that shout loudest get most our leader is to quiet same as egdon. Lifestyle companies. Our investments are on reflection just hope over experience.

[jusmasel99] 16/2/2018 11:34

#6587 Yes - but that is only my opinion - best do your own research.

Back to Holmwood - at some point in time Hugh and his team will have to be given credit for sticking at this to the point where it will be drilled (I assume they aren't going to take my advice, sell up and move on). The EA Permit above should have taken the agency 17 weeks to approve - as it turns out it has been closer to a year.

[andrewpandy1] 15/2/2018 19:28

I'm assuming jusmasel means
Just myself ? .

[tommy241] 15/2/2018 16:31

www.irishexaminer.com/breakingnews/business/most-oil-licences-to-proceed-despite-drill-ban-threat-828155.html

[jusmasel99] 15/2/2018 12:28

News from Holmwood

The Environment Agency has issued a draft decision on our updated EA Permit application and are minded to grant it subject to public consultation although as I read it they aren't opening it to public consultation as they have already been in contact with all interested parties including LHAG and their concerns have been addressed. Within the permit application are details of the site preparation which at least allows us to learn from the mistakes at Wressle and ensure that there can be no later comeback if the site is eventually to be used for production - which I have my doubts about anyway as I suspect a much more acceptable production site may be found once oil or gas has been discovered.

[jusmasel99] 15/2/2018 07:33

Worthwhile you all doing a bit of your own research on what actually transpired in the Dail last week. Not quite what the newspapers reported although obviously unsettling to the majors. Interesting to note that the greens suggest that there would be legal problems and settlement issues if they were actually to pass a bill preventing oil exploration in Irish waters. That though was NOT what they discussed and not what will be in the bill put forward to the chamber. DYOR

[andrewpandy1] 14/2/2018 16:51

Dunderhead 9.29 post Lse.
Very well said and wholly true.

[cheek212] 14/2/2018 10:55

I spoke too soon!!!

[cheek212] 14/2/2018 10:36

Interesting to see that Union Jack is up 15% by just reiterating what drills and progress they are making in 2018 including Wressle and Holmwood, both of which EOG hold percentages of the licences. What has EOGs share price done?? I suppose we can be thankful that we aren't red today.....yet!!

[fardels bear] 14/2/2018 10:20

Sorry for the O/T but don't leave it too long before you buy back into SQZ:

10:04 - 14/02 Buy 2340 77.00p £1,801.80
10:03 - 14/02 Buy 1395 77.00p £1,074.15
10:02 - 14/02 Buy 8155 75.00p £6,116.25
10:02 - 14/02 Buy 25770 75.00p £19,327.50
10:02 - 14/02 Buy 200000 75.00p £150,000.00
10:02 - 14/02 Buy 4680 75.00p £3,510.00
10:02 - 14/02 Buy 10000 75.00p £7,500.00
10:02 - 14/02 Buy 1845 75.00p £1,383.75
10:02 - 14/02 Buy 2340 74.60p £1,745.64
10:02 - 14/02 Buy 3224 74.60p £2,405.10
10:02 - 14/02 Buy 11160 74.60p £8,325.36
10:02 - 14/02 Buy 1732 74.60p £1,292.07
09:12 - 14/02 Buy 2686 74.00p £1,987.64
09:12 - 14/02 Sell 3344 72.88p £2,436.98
08:37 - 14/02 Sell 6117 72.73p £4,448.78
08:25 - 14/02 Sell 6892 72.73p £5,012.42
17:13 - 13/02 Buy 104429 73.98p £77,257.62
16:53 - 13/02 Buy 14000 74.11p £10,374.97

[dunderheed] 14/2/2018 08:27

Jus a good post regarding poor investors investing at the 'top' however whilst I have a lot of sympathy with people feeling trapped (now) there is another argument that greed leads people to make rash investments.
I know I certainly have lost money from following such strategies!!
One should always remember to only invest what one can afford to lose?
I think a lot of people now get too embroiled in online commentaries that influence incorrectly because people see continual positive posts or negative posts and being natural optimists or pessimists react accordingly.
I have no idea what eog will achieve in Ireland but historically it does not look good. Everything that seemed so positive and brilliant / innovative before does not now look so sharp, judging 'market' reaction.
The 'Corrib' ideas now could go either way. It could be another example of brilliance/ innovation or, it could get shunned by the market? Time will tell.
One thing for sure, I personally do not think that that eogs 'problems' are solely due to linkage with other onshore uk producers. It is simply because of market perception of lower quartile mgt.
They may land on Corrib and if they do (I personally think unlikely bwtfdik) shareholders should remember that there still appears to be missing skills set, regarding strategy for this company, within the management team?
Either way best of luck all and above is my opinion only and not intended as investment advice!! (Except the stuff about never 'investing' more than you can afford to lose, of course!!).

[jusmasel99] 14/2/2018 07:53

Investing in the UK Onshore Oil and Gas Sector

There are many factors involved here of course but one that is currently being overlooked is the amount of investor's money that has been taken out of this sector either by Gains or Losses. Sentiment for the various promised gushers in the Weald is at a low and SPs of the players there have fallen dramatically. Many though have profited from the sharp rises and have withdrawn that profit from the sector. Perhaps originally they thought of re-investing their new found wealth into UK O&G but with the Weald not turning out to be all that it promised it does look as a significant share of that money has moved on to newer and brighter multibag opportunities.

That profit has to have come from somewhere and that 'somewhere' is the poor investors who invested at the top and are now looking at massive losses. Their original investment is now stuck in these companies so no new money coming in to boost the SPs of the various companies involved.

With planning issues and delays on top of this the sector is in a bad place at the moment and not even a rising oil price can help as many of these companies have no production to provide income. Placings are inevitable then but where are the institutions willing to fund further exploration in the Weald? Substantial discounts are now needed to find them with AnGS the latest example.

Europa would do well now to move on - they stand apart among their competitors in this sector because of their current production. At $60 a barrel the income they receive covers their low admin costs and with a healthy bank balance they are well placed to seek new investments in jurisdictions that are more exciting and have more potential than the UK.

On top of that they have a leading portfolio of assets offshore Ireland. With a lot of interest and investment in the area from super majors it surely is only a matter of time before EOGs portfolio attracts a farm in for what could well be a company maker.

EOG's share price is far too low at the moment - driven down by their association with the other players in the sector. The markdown is unfair in my opinion, completely undervaluing this stock so at this level represents a huge buying opportunity for investors willing to wait a little while for newsflow to start again.

[dunderheed] 13/2/2018 23:20

I hear the positives and the negatives but perhaps one more addition or two for the board is still required? I mean they must be so over worked with all the BD/ commercial work they're doing.
I'm thinking Kevin Hart of Bowleven fame (the last commercial agreement the bod entered into was 'superb') , or maybe that little idiot that got sacked from bp ('I'd like my life back' after 11 men died at Macondo) then wasted a load of money at Genel?

Any other value adding suggestions that Hugh could get on board?

[caters] 13/2/2018 22:32

Wressle will come right and Corrib will cause EOG to cease, but will the takeout price reflect more than a small % of the huge value of Corrib?

Once Vermilion have got the green light on Corrib, EOG will disappear imho.

[andrewpandy1] 13/2/2018 21:51

Jus
I like your enthusiasm and believe your integrity, but I think the guy running this outfit is grossly incompetent.

[jusmasel99] 13/2/2018 21:39

Keep up all these 'positive' waves and we can't lose ...

First - the planning inspector for whatever reason left the door wide open for a new planning application for Wressle. He listed all the points where the original fell down and the new application will surely cover them all. However long it takes Wressle will eventually produce oil. UPL pulled out so we will now reoieve more income than we expected at a higher oil price.

Second - the majors are spending vast amounts of money on Bay du Nord despite recent set backs. The porcupine basin is next in line. There WILL be further wells there although it looks as if 2018 will be a blank year.

Third - our golden opportunity is Corrib - there can only be speculation at this point what will transpire there but we are in the pound seats with the well results from the Shell drill which reveal a discovery. The next well drilled there will, in my opinion , be an appraisal well. What price will be paid for a farm in? Far more than for a high risk exploration well and probably substantially more than our current Mcap.

Fourth - a stated aim to explore new ventures in more amiable jurisdictions. I think saying goodbye to UK Onshore exploration would be a very good move right now. Holmwood is an exploration well that has taken nearly a decade to come to fruition. How long after if it becomes a discovery will it be before oil flows????

All this on the platform of current production at current OP which meets our overheads. EOG isn't going under anytime soon with still a lot of potential for multibagging from here. That is what I like about it - low risk high potential reward.