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

[fardels bear] 07/11/2018 11:04

And round it'll go again.

[currypasty] 07/11/2018 09:51

Europa chief executive Hugh Mackay is due to meet investors and deliver a presentation at the Proactive Investors One2One Investor Forum on November 22 at The Spencer Hotel, IFSC, Dublin.

[currypasty] 07/11/2018 08:54

Thanks Jus.
clickable link...



"Europa will give an investor presentation in Dublin this month"





"Small value, big potential

Europa, for instance, is presently valued in the stock market at around £11mln yet its exploration inventory includes identified prospects representing some 4.3bn barrels of potential resources.

On London’s AIM market the explorer’s share price stands presently at 3.55p, and, to highlight the possible upside, stockbroker finnCap this summer set a 55p price target along with a ‘buy’ recommendation."

[jusmasel99] 06/11/2018 19:30

/www.proactiveinvestors.co.uk/companies/news/208644/irelands-great-oil-opportunity-is-now-closer-than-ever-as-new-drilling-comes-into-view-208644.html

[jusmasel99] 05/11/2018 14:28

Wressle Appeal now in progress - final comments due by 13th Dec


Just to remind you all this is the appeal against refusal to extend site retention not the new well site

[tommy241] 05/11/2018 13:44

Decent buying today

[tommy241] 02/11/2018 18:47

I missed this short Q&A taken from EOGs annual report....

Q&A with Brian O’Cathain, Non-Executive Director

Q Can you tell us about the Slyne Basin?
A The Slyne Basin is a sedimentary basin located off the west coast of Ireland. It contains the Corrib gas field and Europa’s Inishkea gas prospects in LO 16/20. The proven hydrocarbon system is the Triassic gas play.

Q How are the Corrib field and Inishkea progressing?
A Corrib came on stream in late 2015 and is now an important supply of gas for Ireland. The gas is used for electricity generation and domestic and industrial heating. In 2017 Corrib accounted for 66% of Ireland’s gas demand. Corrib is now in long-term decline whereas Ireland’s demand for gas is forecast to rise. Europa’s Inishkea gas prospects can potentially provide additional gas supply to Ireland growing economy as wells as delivering security of supply, jobs and tax revenue.

Q Can you tell us some more about your experience and how you are adding value to this project?
A I’m a geologist and petroleum engineer by background. I have significant technical and commercial experience of Corrib and the Slyne Basin. In the early 2000’s I was managing director of Enterprise Oil Ireland and was responsible for the Corrib appraisal programme and for obtaining government approval for the Corrib gas field plan of development and Petroleum Lease. My knowledge of Corrib is relevant to Europa’s Inishkea project, which is very close to Corrib, and in a similar geological setting.

Q What are your key Inishkea targets over the next few years?
A The key objectives are to complete 3D PSDM reprocessing, interpret the new data, deliver a new prospect inventory, define drilling location(s), drill, and hopefully appraise, develop and bring on stream by 2025.

[dunderheed] 02/11/2018 17:35

Well this should be corrected in rns then, regarding speculative press comment.

[jusmasel99] 02/11/2018 17:16

As I don't post on LSE anymore the answer they seem to want at the moment is that A drill in Inishkea can still happen next year if they get financial backing into the Irish subsidiary and go it alone. If they get a farm out presumably with change of operatorship then the earliest a drill can happen is 2020. Thanks to a fellow investor for that update from EOG. The reporter of the piece got his facts wrong.

[dunderheed] 01/11/2018 13:35

It's ok one of the best researchers on here has some 'friends' at Nexen.
I'm sure they will divulge any tight hole detail we would like to hear!!

[hermana3] 31/10/2018 16:17

Bob Hope and no Hope of a drill in 2019. Nexen and Providence will drill in Irish waters in 2019 and Nexen may not even update market on results as it is chickenfeed to them and Exxon.

[currypasty] 31/10/2018 16:08

RNS tomorrow then.. 'project update' blah blah, very very, bit of slippage

[itsriskythat] 31/10/2018 13:03

The press report contains price sensitive information.

Shouldn't be long before Europa issue an RNS to confirm or deny Hugh's statement. I wonder if the board are happy now to have to react to Hugh's loose tongue.

[currypasty] 31/10/2018 10:03

talk about jam tomorrow, we haven't even got the fruit and sugar yet

[guesswhosback2] 31/10/2018 09:48

These guys are on self destruct.

Surely such a statement should be RNS.

Whilst reading this it makes me realise that nothing that has been promised has come to fruition. We are constantly waiting for a dream to realise here and nothing ever comes. Failed on Holmwood, Wressel and now not drilling for at least a year. What are we doing then? Hoping for a fluke buy up from Vermillion.

I have a lot of money (relative) invested here, first at over 30p, which fortunately I took the loss on years ago against another oil win.

Hugh has been incredibly poor running this very quite and boring company, whilst at the same time taking a good salary.

Why are the investors just left waiting for a rabbit somewhere to miracle our money back. What ever you think about Jus, he stops me from giving up with his posts because actually, that's all I have to go on.

[greatfull dead] 31/10/2018 08:35

NAI and please DYOR.......

Look at Europa Metals.

ATB,
GD

[dunderheed] 31/10/2018 08:30

It's good to be right.

[currypasty] 31/10/2018 08:28

not really the headline we are after..


"Europa Oil and Gas has ruled out any prospect of drilling in Irish waters next year, but has said it is making significant progress towards drilling activity in 2020, including on its flagship gas project adjacent to the Corrib field off the west coast."

[jusmasel99] 31/10/2018 08:23

Rogerlin - yes Vermillion needs approval as an operator to take over the prospect. Maybe what is holding up the deal at the moment.

[jusmasel99] 31/10/2018 08:22

Must have been something I said! Now he needs an RNS to confirm that report as it is market significant. Oh dear ... not what I wanted to hear on two counts.

[rogerlin] 31/10/2018 08:12

Can't see any reason why Vermilion wouldn't farm in to Inishkea, just that they can't until the Shell sale is concluded.

[jusmasel99] 30/10/2018 15:31

Following on from that line of thought ... everybody likes the chance of a 10 bagger so surely if a drill is announced with finance the share price could reach 11.5p as the drill approaches. The FIs involved could hold it there and sell off quite a bit of their holding reducing their risk considerably.