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

[gclark] 07/12/2018 08:56

I applied for some in the offer and the extra entitlement. So they have £4.3m gross raised.
Now we need to see these opportunities make progress …
More than other shares, this is like betting on a horse

[dunderheed] 07/12/2018 07:38

Yep I wonder (this time) what soothing words Hugh has been whispering into the mgt stooges who follow and research eog so diligently.

Where on Earth is this farm out?
Not a mention of this in this rns which would have been nice to see?

All imho of course.

[hermana3] 07/12/2018 07:30

Ooops not much of a take up! Hughie better get a farmout announced toute suite to avoid mutiny....

[pugugly] 07/12/2018 07:22

"The Open Offer closed for acceptances at 11.00 a.m. on 6 December 2018. The Company is pleased to announce that it has received valid acceptances from Qualifying Shareholders in respect of 9,969,882 Open Offer Shares, including applications for 3,863,166 Open Offer Shares under the Excess Application Facility. This represents 29.77 per cent. of the maximum Open Offer Shares available under the Open Offer. "

A very clear message from existing shareholders - This is toast - Cut your losses and get out - Market situation not improved by falling POO and Nimbyism in respect of exploratory and producing wells in UK mainland.

[dunderheed] 07/12/2018 07:10

I think these results indicate small share owners "happiness" with how these assets have been "managed".

Very embarrassing but I'm sure the "new guys" will be able to give a pompous arrogant view on this, lol.

[jusmasel99] 06/12/2018 07:45

Thnanks for the link John0 interesting development ..

From Predator RNS this morning (below) you would think that if Vermilion news was worthy of comment to their shareholders then news of Europa planning a similar well (AND getting the only mention from Vermilion) would be worth commenting on as well - as far as I know they still haven't received the 3D seismic let alone reprocess it. I guess that's their problem but just as I comment on PRD here you would thing PRD shareholders would comment on EOG on their boards?

Related Corporate Activity

The Company noted the recent announcement by the incoming operator of the Corrib gas field ("Corrib"), Vermilion, confirming the completion of the sale of Shell's 45% interest in Corrib for approximately $1.3billion to Nephin Energy Holdings Limited and the transfer of operatorship to Vermilion. Predator further noted the recent press article in the Irish Independent stating that Vermilion has outlined plans to expand the project and in addition that it would look to do deals with other oil and gas companies exploring in the waters around Corrib, either by allowing those companies to use Corrib Infrastructure to transport gas, or by buying stakes in those companies.

The announcement validates Predator's business model in relation to focussing solely on gas in Ireland and only in those areas where gas production has already established offshore and onshore infrastructure.

Predator therefore is accelerating its ongoing discussions with potential partners interested in the Company's Irish portfolio during January with a view to combining its assets in a substantive low risk drilling and re-entry programme in 2020 to target potentially material gas resources.

[johno99] 05/12/2018 20:31

Interesting, Seapulse stated they are going to be drilling a well in ireland in the next 2 years. Farmed into 11 licences globally.

[rayrac] 05/12/2018 10:36

Did hold these for a while, but it never come to anything. I lost interest and patience. No good telling us what they’ve got if they never get it?
Been promising partners for ever, but where are they!

[dunderheed] 05/12/2018 09:11

I think that's a little unfair CP tbh they have only really exhibited this aim behaviour recently with Hugh (et al) and his blue sky dreams.
Here's hoping 'his' gamble pays off.
Certainly wasn't mine when I bought shares here!

C'est la vie and as ever all imho and dyor all!

[dunderheed] 04/12/2018 12:11

Yes I had to laugh, there is almost an 'air' of us share holders being so 'lucky' (and priviliged) to employ these guys?!

[itsriskythat] 04/12/2018 09:23

Spotted that comment too, shows he's completely out of touch with shareholders.

[currypasty] 04/12/2018 08:13

yipeee jam in a few years

"By next year's AGM Statement, I
am confident Europa will not only have a clear line of sight towards the
drilling of at least one potentially transformational well offshore Ireland,
but also have a portfolio of assets in at least three jurisdictions"

[jusmasel99] 04/12/2018 06:23

Just accentuating the positive here (for the life of me I can't understand the comments on the LSE board - if I had a look at them as a potential new investor I would move on in a hurry)

a) There will be no data room for Inishkea open for business until such time as the farm in is confirmed or denied.

b) The potential farm in partner has clearly seen something they like in the three licences so that firms up Inishkea as a real prospect regardless of what happens with the farm in (i.e. the board approval required may be rejected for other reasons such as CAPEX strategy/budget)

c) The potential farm in partner (and EOG) clearly recognise the current delays in processing applications through DCCAE and that is why EOG are having to fund on going work at Inishkea like the site survey. By the time the farm in is approved the new partner will still be in a position to drill in 2020 (by the way that is exactly why there were always two dates 2019/2020 for drilling)

d) Given the current climate in the junior E&P sector, at least two Institutional Investors liked what they saw at EOG enough to invest a couple of million.

e) First mover status at Corrib is a great bonus as it will deter investment in competitor licences in the area.

and finally - the news of the farm in is coming soon - it will be announced one way or another and of course it could be bad news but the indications are extremely positive for good news. As I said above they liked what they have seen and that is all we need to know at the moment.

[joestalin] 03/12/2018 14:12

Yes - this "12 years" is taken as fact but nobody knows why.

We will regret trashing the UK Onshore Oil and Gas exploration industry.

[jusmasel99] 03/12/2018 11:50

GWB There is a quote in the Vermilion Webcast that holds good = we are in a period/era of energy evolution = and that ain't Hugh's fault. Holmwood wasn't his fault and I consider the whole of UK Onshore OIl and Gas exploration non investable due to the current climate which isn't going to get any better. While the protestors doth protest too much the reality is that for the interim period between carbon and renewables, gas is the preferred partner and the relevance of increasing the longevity of the Corrib plant is beooming more and more important. All EOG needs is to get to a spud date on Inishkea - for holders now at this share price that represents a significant multibagger opportunity which is the life blood of the AIM PIs ..

[guesswhosback2] 03/12/2018 09:49

Curry thats a funny post but actually it rings true. They have failed so far at everything apart from getting the share price down. Literally zero returns for any investor for years. I have to keep trading down to hope that one day I will get my average price to choose my exit.I have bought below the 3p price.

Im certainly not in love with this share!

Actually one edit they did get a drill on Dromberg away last year and Wressell cannot be pinned on them for failure.

[dunderheed] 03/12/2018 09:05

Blimey thanks CP so even with massive 're rate for potential signing of farm down deal the share price has got to really climb for a lot of people to make any beans on this.
Starting to look like Solo part 2?!

Did you take part in recent placing at 3p?

[currypasty] 03/12/2018 08:50

dunder, this was my previous analysis some months ago

In feb/2011 the shareprice touched 42p with 130m shares = £55m MCAP

10/10/2011 Hugh took over, shareprice was 10p, with 130m shares = £13m MCAP

25/10/11 hugh issues 7.8m at 9p = £0.70m
9/1/14 hugh issues 47.7m at 6p = £2.86m
20/1/14 hugh issues 19.3m at 6p = £1.16m
23/7/15 hugh issues 17.3+22.6 at 6p = £2.39m
12/6/16 hugh issues 24+11+21.5m at 6p = £3.39m

total cash raised by Hugh £10.5m

add onto that

20/11/18 133,333,338 at 3p = £ 4.00m

plus whatever is raised in the open offer

[dunderheed] 03/12/2018 08:33

Curry can u do a confetti analysis please?
Just wondering what %tage increase of shares as a proportion of when Hughie took over versus respective mkt cap, so we can all reflect on the excellent returns some people may have had, had they bought and crystallised losses during his tenure?

[currypasty] 03/12/2018 08:07

had to laugh at oilsthefuture post on LSE


"What's great about this share now is there can be no more bad news - Wressle production already ruled out, Holmwood cannot be drilled, other UK assets are dormant, Ireland has not been farmed out, placing announced to depress the price. There are no more promises the BOD have made that they can now fail deliver on. What's not to like?"

[dunderheed] 01/12/2018 17:22

Reserved for monte1, prammy and Saul Goodman.

[tommy241] 01/12/2018 16:13

Predator also moving into Morocco:


live-company-group-lvcg-predator-oil-gas-prd-russ-mould-and-chris-bailey

Interview starts at 9 minutes 54 seconds

[jusmasel99] 01/12/2018 07:37

Just listening to the Vermilion webcast (250 minutes in) Corrib Deep opportunity is at least 5 years away as they wait until the well they might use to drill deeper is sufficiently depleted.