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

[jusmasel99] 26/11/2018 07:29

I hope it wssn't Faroe looking to farm in ...

[bountyhunter] 25/11/2018 16:14

franglas, yes HUR is a rather different prospect to EOG, if EOG comes good in the end it will be a pleasant surprise, but I'm fully expecting HUR to turn out to be a profitable investment after first oil.

[enfranglais] 25/11/2018 11:11

bountymam - Also a holder of HUR & though it has retraced from 60 to about 40p now, with FOIL due in a month to 6 weeks & the prospect of further drills paid for by farm in partner, the risks there, are probably outweighed by the potential rewards of a £1 - £2 share price within 6 months. To do the same here, would mean EOG being in the 7.5p - 15p range, which is possible if Wressle & reasonable farm in negotiated?
Will decide on placing at last minute but getting fed up with promises which are not kept here - unlike HUR, which seems to always exceed them!!!

[jimmladd1] 24/11/2018 16:20

https://drillordrop.com/2018/11/22/planners-back-egdons-wressle-oil-production-scheme-for-the-third-time/

[dunderheed] 23/11/2018 16:42

Looks like the presentation in Dublin went well then? Lol.

[bountyhunter] 23/11/2018 13:55

not got a lot here as fortunately this was just a punt from the start, win a few lose a few of these type of investments although I do hate the losing ones!
...not given up hope here completely yet though!

[dunderheed] 23/11/2018 13:40

Exactly. What happens if W gets refused and HO don't sign the farm out?
I aint throwing additional money after (so far) bad.

[bountyhunter] 23/11/2018 13:36

I sold a proportion for 3.15p to buy back at 3p in the open offer but hardly worth the effort

[dunderheed] 23/11/2018 13:07

Spangle93. Short answer no, lol.

[spangle93] 23/11/2018 13:02

I had an email from Hargreaves Lansdown today to advise me of the opportunity to participate in the open offer. Given that the share price is currently that of the offer price, I guess the only advantage would be no dealing charge, and not suffering the spread.

Nonetheless, I'd need some pretty compelling reason to invest, such as Wressle clearing all hurdles, or some concrete farm in conclusion. Morocco - Really? Otherwise surely it's just money to prolong the status quo of not getting anywhere. Nothing will change until a larger partner bites, and that's not within the company's control. The recent fall in oil price isn't adding to offshore or deepwater sentiment.

Does anyone have strong reasons to take up an offer at market price, other than not wanting to dilute their holdings.

[bountyhunter] 22/11/2018 13:01

A little light reading while we wait for this to multibag

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[dunderheed] 22/11/2018 10:35

Minfeus I was in pci briefly and amazingly got out wuth small profit.
The directors conduct in defence was appalling imho.

[dunderheed] 22/11/2018 10:34

Hang on let's get some realism here.
Everyone knows I am absolutely no fan of eog mgt structure however from my viewpoint I am "happy" where we currently are IF it is true about the farm down details.
I think we should give them until end of January latest.
I am personally pleased that they have provided good publicised detail as to where they are and am happy they appear to have a really interested party.
I can only assume the placing is to either do work which will be back costed or will be reflected in their retained equity post farm down?
If no signature then this will be pretty bleak and I'd expect mass resignations as am NOT AT ALL interested in Morocco!!
All imho of course.

[minfeus] 22/11/2018 10:13

I was in PCI, what a debacle that was and a huge wasted opportunity, which is why my heart sank {even further} on learning O'Caithin was appointed here to top his pension.
I will not buy into any more of this Company and frankly wish it had never come to my attention in the first place 5 or 6 years ago.

[dunderheed] 22/11/2018 10:07

Were u in pci gwb2?

[guesswhosback2] 22/11/2018 09:57

I think EDR are the ones to follow. They have a lot acreage. Seems they are happy to persue Wressel rather than give up like this lot. But no worries we are now in Morocco, we have lots of experience there Im sure.

[currypasty] 22/11/2018 08:36

not sure yet, lets see how things pan out the next week or so..

nice to see EDR up 13% on wressle news.. how about us? oh I forgot, weve just been hit by a 50% dilution at a 50% discount for in part more fluffy dreams

[guesswhosback2] 22/11/2018 08:12

You getting more curry? I havnt seen anything to apply? I guess the notice sits with my online brokers?

[guesswhosback2] 22/11/2018 07:59

What are the terms of the open offer?

[dunderheed] 22/11/2018 07:50

Coincidence.

[tommy241] 22/11/2018 07:45

Wressle approval would no doubt result in more takers for the Open Offer. Coincidence or good planning?

[bountyhunter] 22/11/2018 07:39

Here we go again, let's hope for a positive outcome this time given that concerns are said to have been addressed and the recommendation from the planning officer.