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

[currypasty] 22/8/2018 10:47

40 days since farmout launch... any update Hugh?

[bountyhunter] 22/8/2018 07:45

here's the link

[itsriskythat] 22/8/2018 07:35

Google "ft nord stream 2 pipeline against" for an interesting article today.

So the UK is concerned about security of supply of Russian gas to the EU. Something the Irish should also take note of and drop the exploration ban.

[jusmasel99] 21/8/2018 09:45

This morning reviewing the comments on the Wressle Application on the North Lincs website, suggested to me that a more pragmatic approach to the planning committee members may be a better / more worthwhile idea.

Our argument is that the well is of national strategic importance and thus overrides most of the local concerns as well as falling under the national planning policy framework. However local Councillors in both North Lincs and Surrey do not see that as important enough to allow them to consider approving the matter citing local democracy as being most important yet secretly personal opinion and security of tenure of their position are the aspects they rate highest of all.

However the fact is that County Councillors are at least one step removed from 'local' planning democracy and have been placed in that position for obvious purposes so that they can debate, approve or deny, planning applications that are classed as Major within the County they control.

It is therefore incongruous that these very councillors can complain that there should be a higher authority that can override their decisions that are of National importance rather than at county level.

Perhaps the default on planning applications such as ours should be submit and approve or submit, deny and pass immediately to the Secretary of STate for a decision.

One of the things I noticed this morning is that at least one of the Parish or Town Councils reporting into the planning committee at Wressle offered no objection to our application therefore as and when the County councillors refuse this next application they are most definitely not representing the views of that particular local democracy. Hard not to be contradictory I would suggest.

So if it were me that were to address the planning committee in support of our applications it would to address these issues and encourage the councillors to realise that they can object all they want based on their personal opinions but sooner or later the well will be drilled and further unnecessary delay will be detrimental to county planning committees up and down the country if the SoS is forced to intervene.

[tommy241] 19/8/2018 11:09

Anyone have a subscription?

www.businesspost.ie/business/drill-baby-drill-423345

[dunderheed] 18/8/2018 12:36

Dream on Jus - you've been all aboard for how many years saying the same thing bruv?
Going a 'little quiet' when things don't go as they absolutely certainly should be - 100% nailed on like...
You need to look at respective mkt caps of companies not what happened to their bloody share prices lol!!

[jusmasel99] 18/8/2018 12:26

Weekend Dreams ...

Could EOG 10 bag from here?

That suggests a Mcap of £124m without dilution so what could get us there?

Wressle going into production will certainly get us some attention and add value to the share price but the most important thing is that it will underwrite our current Mcap for some considerable time and provide us with profitable income. It also remains a saleable asset for fundraising if and when required.

Holwmood if and when it is finally drilled will bring us considerably more attention from the Well Wishers of the Weald and will definitely spike the share price at spud through to TD results. Pretty inconceivable that some form of hydrocarbons will not be noticed as the drill penetrates the KImmeridge and that alone could sustain an increase in the share price for some time.

But the real driver for reaching a 10 bag will be in Ireland and Inishkea has the best chance of success. A farm out through a successful exploration well that leaves us with 15% of a TCF of gas readily connectable to a subsea production system would surely see us there and at a point where the future of EOG is likely to end in a sale ...

Timescale is another matter .. you have to be in it to win it and the later you leave buying in the less chance there is of the golden prize of a 10 bagger. Wressle and Holmwood could see the share price up to 10p in no time at all and in any event I would maintain that the current share price is distinctly undervalued and could easily return to 6p on fairly low buying pressure (with the proviso that what appears to be a major seller for some time now eventually blows his load)

So at 4p I think the 10 bagger is a real possibility especially comparing it to what happened with PVR and JOG as well as our exposure to the Weald Wonderland where Mcaps are generally ignored by the Well Wishers.

I am all aboard ... anybody else care to come along for the ride?

[rogerlin] 17/8/2018 08:38

There are great advantages to being offshore.

[jusmasel99] 16/8/2018 08:34

I think Predator are being a little guarded on the truth of the matter .. the fact is that they missed the deadline for the commitments they made when applying for the licence which actually expired on 30th June (our Licence Options with the exception of one all expire next year) .. they have not yet indicated whether or not thay have actually acquired the Seismic they need from Shell let alone start reprocessing it.

Also if you look at their IPO document it is full of factual errors and ommissions just as the statement above indicates "there is no other gas project off-shore Ireland that can compete with this timeline. " Europa is far ahead of them in terms of timeline and Inishkea is bigger than their prospect which incidentally carries a far higher chance of Oil rather than gas being found.

Ah well .. very strange trading patterns over the last few months at Predator .. if I was suspicious I would say the same person is buying and selling just to keep volume up ..

[jusmasel99] 16/8/2018 08:34

I think Predator are being a little guarded on the truth of the matter .. the fact is that they missed the deadline for the commitments they made when applying for the licence which actually expired on 30th June (our Licence Options with the exception of one all expire next year) .. they have not yet indicated whether or not thay have actually acquired the Seismic they need from Shell let alone start reprocessing it.

Also if you look at their IPO document it is full of factual errors and ommissions just as the statement above indicates "there is no other gas project off-shore Ireland that can compete with this timeline. " Europa is far ahead of them in terms of timeline and Inishkea is bigger than their prospect which incidentally carries a far higher chance of Oil rather than gas being found.

Ah well .. very strange trading patterns over the last few months at Predator .. if I was suspicious I would say the same person is buying and selling just to keep volume up ..

[dunderheed] 15/8/2018 13:46

Yesterday's looked like a bed and isa but today's looks like 'seller' 'returning'?

Here's hoping for these booming deals that made Hugh so excited about, when the data room opened?! I mean the interviewer on video I saw, was bizarrely questioning deal expectation times for this - i.e. how long is a piece of string?

Imho at the end of the day if the data/information had been that compelling a deal would have been done out-side of data room anyway bwtfdik, we live in hope?!

[christy41] 14/8/2018 15:08

Just taken this from the Predator Oil thread...seems to be getting quite a bit of interest.

£3.5M micro cap targeting £3.5/£4Billion in gross revenues at Corrib South...

Q5: Can you discuss the reasoning behind the plans of implementing a well at Corrib South?

A5: Just for a background, very simply, there’s a renewed demand for gas in Europe as you know in the medium-term as gas is replacing less carbon-efficient fuels such as coal and oil. So, the European indigenous gas production is also declining from older mature fields and also the geopolitical deals for gas are now being done, you saw the deal recently between Germany and Russia for the Russian gas. So, all of this has put up the pressure on the European gas prices which we believe will be with us for some time to come.
Corrib South, if successful, could feed gas into the Corrib infrastructure by 2022, there is no other gas project off-shore Ireland that can compete with this timeline. So, that, again, puts us in a very strong position to develop Irish gas but in the high estimate case, Corrib South could create £3.5 billion to £4 billion worth of gross revenues even at a very conservative gas price, approximately 75% of today’s gas price.
So, it’s easy to see therefore why the fundamentals are attractive to our very select group that we have invited as potential interested parties and why this project dwarfs everything else we have in the company, in its portfolio.
The largest returns for our shareholders, it’s particularly in small-cap companies like Predator Oil and Gas Holdings, occur where such a company has exposure to what you could call ‘the big one’ and that’s how Cove Energy in East Africa and more recently, Sound Energy in Morocco.
So, the onus is on us to ensure that we do everything we can to put us in a position to drill in 2020 and win this potentially very large prize. So, for us it makes sense to progress the drilling plans in order to meet that timetable.

[currypasty] 14/8/2018 11:34

thanks fro the research Jus.. I guess everybody is having a peek in the data room, see what we have got, comparing it with other prospects

[dunderheed] 14/8/2018 11:26

I dunno Jus - why don't you ask all your 'mates' at Nexen?
Tick Tock.

[jusmasel99] 14/8/2018 11:23

Mr CP .. have been spending some time comparing Nexen Iolar prospect in LO 16/7 to our prospects in FEL 2/13 Not much to go on but Nexen did present their prospect at the PIP conference last year and it looks as similar as I can make out with my next to nothing knowledge of geology.

I believe Nexen are now waiting for the various government approvals to come through before they start to go out to tender for the equipment they need to drill next year and if they start surely it would cost them next to nothing (in their terms) to farm in to 2/13 now in order to protect against success at Iolar. I mean if Iolar struck it rich then our bargaining position would be huge ....

It takes time of course to get approval for a farm in and longer to negotiate I guess but maybe they have already started the process?

[currypasty] 14/8/2018 10:24

Farm out offers close October, but someone could step in any time before close with a deal.. all depends how good the prospect is... Is Hugh right, or been bulling it up.. watch this space!

[currypasty] 13/8/2018 08:12

link is the farmouts brochure, last page

"it is expected that offers will close around October 2018"

[tommy241] 10/8/2018 17:13

CP did you click on the Finncap Research link and register first mate?
These are the headings for the more detailed reports:

13/07/2018
Europa Oil & Gas - Southern Porcupine basin prospect inventory update

04/04/2018
Europa Oil & Gas - And Ireland comes for free…

19/02/2018
Europa Oil & Gas - Holmwood exploration well in the crosshairs

[currypasty] 10/8/2018 10:24

tommy, all I can see is a note from 24/7

[tommy241] 09/8/2018 18:51

New Finncap feature (I think) on EOGs website. Once you register you can read in depth their valuations etc....

www.europaoil.com

[jusmasel99] 09/8/2018 11:27

So they applied to the CCPC on Tuesday .. the CPCC could determine that it is a non notifiable acquisition and approve it straight away or else enter into a prolonged consulation period through 2 phases and a final report. Big Oil companies and rich Pension Fund I can only guess at which road the bureaucrats will take ...

[jusmasel99] 09/8/2018 11:19

hxxps://www.ccpc.ie/business/mergers-acquisitions/merger-notifications/m18062-vermilion-oil-gas-sepil-shell/

[rogerlin] 09/8/2018 08:51

•In Ireland, production averaged 57 mmcf/d (9,426 boe/d) in Q2 2018, a 7% decrease from the prior quarter due to natural declines and minor plant downtime related to external electricity supply issues. We continue to work closely with Canada Pension Plan Investment Board ("CPPIB") and Shell on the transition of ownership and operations of Corrib from Shell to CPPIB and Vermilion. Transition has progressed well with all technical aspects being ready. We now anticipate receiving final approvals from the necessary authorities and closing of the transaction in the second half of 2018. Although this closing date is later than our original expectation, and will have a modest impact on our booked production, Vermilion will still benefit from all interim period cash flows between January 1, 2017 and closing as a reduction of purchase price.

Vermilion statement July 30th.

[currypasty] 09/8/2018 08:36

thanks tommy,

[tommy241] 09/8/2018 08:23

hxxps://m.independent.ie/business/world/corrib-buyers-file-for-regulatory-approval-37197623.html