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

[tommy241] 06/2/2019 21:49

Finncap

Europa Oil & Gas (EOG): Corp
Another Wressle appeal submitted
Europa has submitted another appeal against the refusal of planning consent for the Wressle oil field development. A successful outcome would pave the way for valuable cash flow from this development. However, the main reason to own Europa remains its exposure to Offshore Ireland, where final sign-off is awaited on a farm-out deal that will secure funding for three wells. A successful conclusion to the farm-outs would be a major catalyst for the shares, putting three firm exploration wells in the calendar starting in 2020 and providing a cash injection via the recovery of back costs.

[kindub] 06/2/2019 13:08

I believe your input is genuinely missed on LSE. It’s a shame you can’t just ignore the children, l know they are annoying but how else are they going to learn, their mums and dads are obviously uneducated and haven’t set up the parental controls on the kids computers. I’d recommend spell check as well “Wtgr and such like. The problem needs to be addressed it’s not going to go away, please return.

[jusmasel99] 06/2/2019 08:39

Hi - there is a more active EOG Bulletin BOard where most people post these days but yes buying at this level is a no brainer to me.

[lionheart69uk1] 05/2/2019 12:04

Buying at 2.60p seems like a no brainer to me. Any thoughts?

[dunderheed] 05/2/2019 09:13

A days profit? With the petty cash more like lol.
Didn't they partner with Sosina re Dunquin - Sosina aren't exactly "massive".
I think XOM will 'work' with who they like?

My experience of 'working' with XOM (even though we were supposedly the operator) (lol) was it's the XOM way or nothing happens!!
All imho of course!

[spangle93] 05/2/2019 08:52

Not XoM, it's not their MO to be partner with a micro-company, and seldom to use 3rd party facilities. Plus it isn't material to them.

If they really wanted it, they would just buy EOG with a day's profit

[dunderheed] 05/2/2019 08:45

XOM, Suncor (wild guess) as well as CNOOC plus Equinor?

Jussy's got some 'mates' at CNOOC (Nexen) perhaps he'd like to elaborate on their discussions (lol).

[bountyhunter] 05/2/2019 08:41

Yes already active in the area so may be well informed. Just a guess, anyone have any other suggestions?

[bountyhunter] 04/2/2019 21:31

I've changed my mind, I'll go for Nexen!

"Chinese-backed explorer Nexen is due to drill off the south-west coast next year, while Providence Resources — and its newly found Chinese development partners — will start a multi-well drilling round at the Barryroe field in the Celtic Sea. British explorer Europa Oil and Gas is eyeing drilling activity in 2020 in both the Porcupine Basin, off the south-west coast, as well as further north near the Corrib field, and is bullish about its chances of being a major contributor to Irish gas requirements in the coming years."

[bountyhunter] 04/2/2019 21:23

..or European!

and probably not a Japanese company either lol!
..or maybe it is and they are about to do a Nissan on us!?!

The US and Canada are reasonably UK friendly so I'll go for one of their majors? Which of those are already active in the vicinity?

[fardels bear] 04/2/2019 21:20

What due to Brexit uncertainty?

[bountyhunter] 04/2/2019 21:16

Not likely to be a UK based company or their head office would be within the NW Europe Division.

[bountyhunter] 04/2/2019 21:14

This was three weeks ago now, I wonder how long before we here any more?

"As investors are aware, the Company is currently negotiating farm-in agreements with a major international oil and gas company in respect of LO 16/20, FEL 1/17 and FEL 3/13. We have agreed terms with their NW Europe division and continue to await a final investment decision from their head office."

[guesswhosback2] 04/2/2019 20:29

You would think Hugh would know. Maybe he worked his magic and got them out at a good price. You know how clever he is. Good news due this year?

[currypasty] 04/2/2019 18:04

and Hugh was so pleased that the recent placing was taken up by institutions (see link to proactive interview a few days ago)... and not those pesky PI's



what he should know is that PI's don't usually sell at a loss, they hang on, where as Institutions don't give a toss and dump large sells on the MM's at whatever price


edit, here it is..

[itsriskythat] 04/2/2019 17:51

A trade of that size sends out a signal of the wrong kind

[currypasty] 04/2/2019 17:35

ouch 2.25p 5m dump

[itsriskythat] 04/2/2019 15:17

Maybe the EOG drop is due to forced selling after the ANGS RNS?

[suetballs] 04/2/2019 14:45

sp is dismal. Losing the will to live here!
Suet

[funtimejonny] 03/2/2019 07:25

Yeah.IOG is one that I hold as well. Bought in when the price halved just recently. Will keep EOG on watch for now.

[bountyhunter] 02/2/2019 16:20

I've been tracking EOG and CLNR for a long time now, both have been droning on about potential farmouts for as long as I can remember, but it is beginning to look as though CLNR may come in first now judging by the recent RNS and share price rise, although there is still time for that to go pear shaped so I had better not count my barrels just yet! IOG is another frustrating one to watch and anything could happen there, although I did manage to trade that one for a small profit although I must confess more by luck than judgement!

[funtimejonny] 02/2/2019 16:08

I am careful FB.I'm going to have a good butchers at the accounts over the weekend. In particular...how much money is left in the pot after paying for the surveys? This will be the year when I make no bum investments (all going well). Off to watch the 6 nations just now.