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

[currypasty] 14/9/2018 11:03

Final results next month..


here were interim numbers..

"Financial performance
* Revenue GBP0.8 million (H1 2017: GBP0.8 million)
* Pre-tax loss of GBP0.5 million, (H1 2017: pre-tax tax loss of GBP0.2 million)
* Net cash from operating activities GBP16k (H1 2017: cash used GBP0.3 million)
* Cash balance at 31 January 2018: GBP2.3 million (31 July 2017: GBP3.6 m)"

[gerryjames] 14/9/2018 09:32

The value of any Irish discovery will be reliant on the 4 billion dollar Corrib infrastructure. It would make sense for any new owner, Shell selling it's interest, to farm-in. This could greatly extend the life of Ballinaboy. If the trillions of gas are recoverable. And make this look very cheap ATM.

[dunderheed] 14/9/2018 08:38

Ah good this is my 'signal' to sell then lol!!

[currypasty] 14/9/2018 08:29

EUROPA OIL AND GAS HOLDINGS

Last Signal: STAY LONG

Last Pattern: NO PATTERN

Last Close:

4.4000

Change:
+0.1500

Percent change
+3.53%


Signal Update

Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 12/09/2018, 1 day ago, when the stock price was 3.9550. Since then EOG.L has risen by +11.25%.

[currypasty] 13/9/2018 14:26

Buying 20,000 EUROPA OIL & GAS(HLDGS) ORD GBP0.01 shares

A firm electronic quote is not currently available for your order

You can send this order without a price limit by clicking the 'Place Order' button below, or alternatively click 'Amend' to go back and specify a limit price


Indicative Price £0.045



no buy quote online for 20k

[currypasty] 13/9/2018 12:33

thanks Jus, very encouraging!

FB, of course I agree with you, but you have to start somewhere, and having a 'mega prospect' (4.3 billion BOE total gross mean un-risked prospective resources) should get us noticed!

[jusmasel99] 13/9/2018 12:25

Probably not Mr CP ... the fact is we have probably the most number of high impact prospects in the Porcupine basin .. Of course not all of them will attract a farm in but the more you have the more likely it is that at least one will eventually secure a partner of the major kind. EOG carry the flag for all junior E&P companies , obtaining the licence and doing the donkey work of seismic interpretation so that the majors can pick and choose at a later date as when it suits them not us.

Bay du Nord is going ahead with a multi billion dollar investment for what is only 300 million barrels of oil at present. The porcupine basin is analagous to Bay du Nord in a less hostile environment with more encouraging fiscal terms. It is of interest and investment to most of the majors many of whom as analysing their own seismic at present. More wells will be drilled. The increase in Oil Price makes it even more attractive and will surely be encouraging further investment in the basin by majors - maybe even ones that haven't got a stake already.

Any farm in now carries a well commitment so decision making will be at a higher level in the organisation - could be soon though as they have had plenty of time to look at what we have. With a carry on a well not just additional seismic our share price will rocket for sure.

And of course even without a farm in at present we will certainly have Wressle to look forward to once that clears through the appeal process. Surely Wressle will double our share price from here .. with the prospect of multi bags from a farm in in Ireland .. risk free investment at these levels in my opinion but patience still required.

Do your own reseacrh but I think you will come to the same conclusion as I have.

[fardels bear] 13/9/2018 12:15

It's only potential if they can find somebody to stump up the cash and actually drill ot.

Otherwise all that maybe oiis about as useful as a sunhat in Seathwaite...

[currypasty] 13/9/2018 12:11

£13m mcap for 4.3 billion BOE total gross mean un-risked prospective resources across FELs 1/17, 2/13, and 3/13


can anyone point to an AIM oiler with a better ratio ?

[fardels bear] 13/9/2018 11:17

But not the Irish public, seemingly.

I do wonder when they will wake up and realise that when the UK's EU financial contribution* ends shorlty, a lot of very comfy EU lives are going to become more lumpy.



* for want of a better word

[currypasty] 13/9/2018 10:25

It is difficult for the majority of PI's to actually get a grip with the figures bandied about by Oil companies..

however, in EOG Irish prospects the following from RNS is a good starting point..

"* FEL 1/17: gross mean un-risked prospective resources of 584 million barrels
of oil equivalent ("mmboe") comprised of two pre-rift prospects Edgeworth
and Ervine and one new syn-rift target, Egerton
* Egerton is interpreted to be analogous to the Bay du Nord discovery on the
conjugate margin, offshore Newfoundland
* FEL 2/13: gross mean un-risked resources of 817 mmboe comprised of two
pre-rift prospects Kiely East and Kiely West and one Cretaceous target,
Kilroy
* Together with previously announced gross mean un-risked prospective
resources of 2.9 billion boe on FEL 3/13 (see RNS of 5 June 2018), total
gross mean un-risked prospective resources across FELs 1/17, 2/13, and 3/13
now stand at 4.3 billion boe "



now if you go and compare other Oilers numbers, for example PVR, you will see that 4.3 billion boe is a very large number, one which you would hope and expect Oil majors/potential farmees would be very excited about.

[currypasty] 13/9/2018 08:34

carry on.. show us the trade


oilers have been sold off this summer, but are now beginning to be back in favour
sell in may and go away, come back st Ledger day

[ken chung] 13/9/2018 01:36

Up today but a fine short tomorrow.

[dunderheed] 12/9/2018 16:09

I was amazed when CCF seemed REALLY chuffed with 'attracting' them.
I personally couldn't believe it - except for them having some first hand info for Ireland - but really things had moved on significantly since those days so question that 'value' as well but again, wtfdik?!
I don't think ALL of us (here) appreciated their respective records either CP!!

[currypasty] 12/9/2018 15:59

did hugh know about his history???

we all did

[dunderheed] 12/9/2018 15:56

I made a few quid there mate - got to admit unlike me - trading some shares.
Absolutely atrocious when the BOD advised investors to say no - but then had no alternative plans. Cost a lot of investors a lot of money and left a lot with very bad memories.

[fardels bear] 12/9/2018 15:37

Don't mention that word in here..

[dunderheed] 12/9/2018 14:23

And with 'nothing' else to do perhaps they could make themselves part time and stop recruiting other 'senior' captains of industry who added similar value at pci etc (ahem).

[jusmasel99] 12/9/2018 14:20

Almost 4 years to the the day since the OP was this high in GBP - > £60 in between it touched a low of £20

Wressle will ultimately add £2m a year to our revenue when it comes into production - hopefully by this time next year.

In the meantime, with Holmwood out of the way the only significant capital required is for Wressle itself which will only be needed after the ubiquitous appeal is heard.

With nothing else to do perhaps Hugh and the team could have a look at the old 8 Barrels well and get that back on stream £500 a day not to be sniffed at .. and news of that would surely add to the share price (+/-0.25p)

[currypasty] 12/9/2018 12:58

5.5p in next few weeks... from 1 minute on

[currypasty] 12/9/2018 12:22

Reference
PA/2018/1316

Valid Date
11 July 2018

Comments By

07 September 2018 (5 days ago)

Site Address
Wressle-1 wellsite, Lodge Farm, Clapp Gate, Appleby, DN15 0DB



should be getting a meeting date on this soon

[dunderheed] 12/9/2018 09:54

Well CP it seems that the punters on lse are finally catching on to my mgt underperformance line and I am mystified how long they have survived.
However I think everyone now 'openly' admits they are (really) on last chance saloon now? Except for a few bb pals of mgt of course.
Unfortunately if Ireland doesn't come in and they cannot find another 'area of focus' or whatever, (that does not cause further placements etc) then it will be obviously too late for a new, better mgt team to manage a turnaround.
Here's hoping something does come in Ireland or I am incredibly surprised and they somehow do an RRE or SQZ or IOG type project.
All imho of course and really want to be wrong because I think a few EOG punters have probably gambled more than they should have done.

[currypasty] 12/9/2018 09:47

and if only we had dumped EOG and bought PRD, or ANGS

[jusmasel99] 12/9/2018 09:33

Predator also moving up .. as is the Oil Price .. as is ANGS .. no idea why but nice all the same ...

[dunderheed] 12/9/2018 09:12

Come on we've had a £10k gamble!
However specific to your question.... it depends!