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

[dunderheed] 04/9/2018 11:24

Fair play to Hugh that was a pretty good summary of affairs.
If I had anything to criticise I don't like all the emphasis on we have done everything we can in Ireland - which could make me ponder - well did you do everything you could with onshore but a nice bit at the end about possible onshore upside - hope that's not just fitting some esps lol!!

[christy41] 04/9/2018 10:53

Hugh on Proactive....

[jusmasel99] 04/9/2018 10:23

Michael Gove ...

Wants to be PM ...

On 26 Jan 2015:
Michael Gove voted against explicitly requiring an environmental permit for hydraulic fracturing activities. Show vote
On 26 Jan 2015:
Michael Gove voted not to ban the exploitation of unconventional petroleum for at least 18 months and not to require a review of the impact of such exploitation on climate change, the environment, the economy, and health and safety be carried out and published. Show vote
On 11 Feb 2015:
Michael Gove voted to require a more extensive set of conditions be met prior to consent for hydraulic fracturing being given. Show vote
On 16 Dec 2015:
Michael Gove voted for greater restrictions on hydraulic fracturing (fracking) to extract shale gas in National Parks, the Broads, areas of outstanding natural beauty, World Heritage sites, and near points where water is abstracted for domestic and food production purposes.

[dunderheed] 04/9/2018 10:08

Because they haven't buckled down on this as expediently as they should have done, I'd say, pretty simple really? Imho?
Why don't you guys write to the BOD to explain further as it obviously isn't covered in the rns, which I find strange?
I'm sure there must have been some (informal) communication as to why it wasn't renewed?
Again all imho of course.

[4sta] 04/9/2018 09:40

The lack of progress is down to the local councillors being able to run EOG around in circles over the slightest little detail. Currypasty is right, why haven't they renewed the licence? Surely a reason must be given especially after all the time, effort and expenditure we and the other partners have put into this.

[kwizza] 04/9/2018 08:51

Maybe they already have a good idea where they can drill from more easily

[dunderheed] 04/9/2018 08:43

Because we haven't progressed it over the years CP.
I assume, imho.
We have taken the eye off the ball here but wtfdik!

[currypasty] 04/9/2018 08:40

the Minister for the Environment, Food and Rural Affairs, has decided not to renew the lease



we need some reasons.. freedom of information ?

[cheek212] 04/9/2018 08:18

I think the lack of investor reaction really says it all to be honest. Even the lack of share sell off gives an indication as to what people thought of Holmwood's prospects of happening were. Wouldn't be surprised if we see our percentage sold and the licence drilled from elsewhere, possibly Brockham were Angus are operators.

[currypasty] 04/9/2018 08:11

somebody must have known this was coming up?

[4sta] 04/9/2018 07:59

All those large sells make sense now. Surely nobody knew beforehand that this was going to happen?

[currypasty] 04/9/2018 07:33

can we claim back costs

[spangle93] 04/9/2018 07:26

Cheek - good post, but sensible thought isn't going to prevent a negative mark down, I think.

Maybe time to look at doing something with Hardstoft too, rather than kick it into the long grass. Given it's cheap to develop, and already proven.

[jusmasel99] 04/9/2018 07:23

An Albatross off our necks ... we should have got rid of it to UKOG ages ago .. probably a great buying opportunity this morning .. with Wressle coming up but then again I expect the initial application to be rejected once again so looking at Summer next year probably for that.

There is a distinct absence of likely newsflow around at the moment .. so we rely on the unexpected .. I am just going to sit this out now ...

[cheek212] 04/9/2018 07:13

Holmwood was getting nowhere slowly so maybe a different location might be better for everyone rather than continue to flog a dead horse!

[currypasty] 03/9/2018 11:07

Vermillion takeover should be in next few weeks?

[jusmasel99] 29/8/2018 10:14

A good shift of strategy by EDR and a more pragmatic approach. In my opinion it would be a waste of breath to stand before the committee in support of the application and merely summarise the contents of the application as they have done in all previous attempts. Now is the time to call a spade a spade and address the elephant in the room that is the absurd personal opinions of the labour councillors backed by Unite and the local political pressure that generates for the remaining conservative councillors.

I agree with EDR that the likely outcome is refusal and a further appeal process but I am as positive as they are of a successful outcome at such a hearing and this time around it will be North Lincs who will be paying both parties' costs.

[currypasty] 29/8/2018 09:27

During the period Europa Oil & Gas Limited, the operator at Holmwood (PEDL143), announced the submission of an application to vary the existing planning consent and extend it by three years. They further announced that the OGA has extended the initial term of the licence until 30 September 2020 and that the Environmental Permit for the proposed drilling operations had been issued by the Environment Agency. The Holmwood prospect has an estimated Mean Prospective Resource of 1.14 million barrels of oil net to Egdon and is considered geologically analogous to the nearby Horse Hill-1 discovery.

[currypasty] 29/8/2018 09:26

from edr rns

Turning finally to the Wressle project, in early July 2018 we announced the submission of a new planning application for the development of the oil discovery to North Lincolnshire Council ("NLC"). Egdon strongly believes that this new application comprehensively addresses the reasons for the refusal of the original planning applications and the subsequent appeals as set out in detail in our announcement of 5 July 2018.

Whilst we will maximise our efforts to convince the planning officers and, more importantly, members of the NLC Planning Committee of the clear merits of our new application, our recent experiences with NLC means we have to remain fully prepared to take this new application through another appeal process. As the most recent example of their apparent intransigence, on 1 August 2018 the NLC Planning Committee refused our application to extend the existing consent for the Wressle site despite a recommendation for approval from their own professional planning officers. The reasons cited were conflicts with paragraph 205 of the NPPF and policy M21 of the North Lincolnshire Local Plan even though in his decision of January 2018 the Inspector found in Egdon's favour on our appeal against the same reasons. We are now in the process of appealing this latest refusal decision and are increasing our lobbying and engagement efforts in respect of the Wressle project.

Notwithstanding, and demonstrating our commitment to and confidence in the Wressle field development, in June 2018 we announced the acquisition of an additional 5% interest in PEDL180 and PEDL182 from Celtique Energie Petroleum Limited for a deferred cash consideration of GBP0.417m payable on commencement of production.

[currypasty] 28/8/2018 12:57

coming up shortly...



Reference
PA/2018/1316

Valid Date
11 July 2018

Comments By

07 September 2018 (9 days from now)

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Site Address
Wressle-1 wellsite, Lodge Farm, Clapp Gate, Appleby

[jusmasel99] 28/8/2018 07:42

By the way .. some unreported news from the Majors in the Porcupine .. nearly all converted their Licence Options to FELs in March ... which represents a commitment and a timeframe to move to FEL 2 which requires a drill commitments