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

[fardels bear] 18/2/2019 14:35

I've never seen a purple. Now we have eleven of them and he's been on twice with the same message in ten minutes..

[bountyhunter] 18/2/2019 14:27

What's going on?!? Anyone seen a rubber stamp?

I'm only 37% down now and had virtually given up hope with this one after so many disappointments!

Now I just need IOG to follow suit and am relying on the OG to to it. Nothing else seems to make any difference with IOG!

[purple11] 18/2/2019 14:24

just sell and forget about it.

no money to be made in these markets

[dunderheed] 18/2/2019 13:29

tt2 - hope you're right bruv!

Rather like GWB2 I am the guy who works in o&g - trying to get people interested in this share - with everyone knowing I had bought EOG (laughing behind me back (and some direct to me face) - so to date I have looked the "double prize plonker" lol!!).

Whilst we're all having a laf - my other prize plonker gamble stock being AEX.

I want that "told you so" moment as well!

Ahem, I will be out at 5.90p.
Best of luck all.

[guesswhosback2] 18/2/2019 13:28

Sorry where on twitter?

[ileeman] 18/2/2019 13:20

The power of a good twitter pump orchestrated by a crew, dont be left holding the baby.

[guesswhosback2] 18/2/2019 13:14

Well it certainly looked like P&D too me this am. However, no one more than me wants a result here, I've been here for too many years and I need an 'I told you so' moment in my life.

Im sure people laugh at me when I walk down the street, 'Thats the guy who bought EOG shares 10 years ago', what a plonker.

Luckily me and Pasty know a man who is always successful and in great shape.

[currypasty] 18/2/2019 13:03

Im out at 5.95...lol

[thetoonarmy2] 18/2/2019 12:58

Dunderhead/Guesswhosback. Not so sure its a P&D spoke to broker the MMs will take anything and volume 7 mill on Friday over 9 mill today? No, I don't reckon its that reckon some news has slipped out I just hope it gets to 6p again then I can jump ship. :) Good luck guys!

[fardels bear] 18/2/2019 12:56

And it's off we go again, folks..

[purple11] 18/2/2019 11:32

will these tatty licenses ever get a farm out?

[currypasty] 18/2/2019 09:43

looks like twitter is where its at, rip advfn, nothing to see here

[guesswhosback2] 18/2/2019 09:24

Wow this is a pump and dump. Classic. Seems this lot are capable of anything.

[fardels bear] 18/2/2019 09:20

But no news..

[currypasty] 18/2/2019 09:04

smells like it!

[currypasty] 18/2/2019 08:55

7 mil traded, virtually all buys, buys below ask, looks like a big seller in background to me, with nothing reported yet

[dunderheed] 16/2/2019 22:41

Good post David. Much appreciated.

[rpat2] 16/2/2019 08:27

Think it's being ramped on twitter yesterday that's why

[guesswhosback2] 16/2/2019 07:43

Good post Jus. Much appreciated.

[jusmasel99] 16/2/2019 07:07

For folk looking in to see what happened yesterday here is some background - off the top of my head from previous research - you can look back at my posts for the detail.

Our main prospect is a 1 Tcf gas target at Inishkea which lies close to the Corrib infrastructure. An unknown major oil company has looked at our seismic and has proposed to senior management to farm in for a drill in 2020. We are waiting on that farm in decision which could come any day. Even if we don't get the nod from that particular company the least we can assume is that the prospect is good and worthy of interest from an oil major. Given ireland's energy supply problems the chances of Inishkea not being drilled in my opinion are less than zero. Ireland needs gas - end of.

How EOG ended up with the licence which is the remainder of the original Corrib discovery licence is interesting and probably down to the fact that when the licence came up for grabs, EOG came top of the applicants ratings because DCCAE apply a weighting factor to the application based on a company's previous investment history in Offshore Ireland. EOG and PVR are top of that list.

There was not much interest in the licence when it was awarded because Shell the original holder had pulled out and perhaps it was felt there were no prospects in the remainder of the licence. On closer inspection though I found out that a well 18/20-7 had been drilled by Shell in what is now our licence and they found gas. The results of that well were being kept private for some reason but I suspected that they had found something so no surprise really when the well results were released to the public in 2016. 40bcf (peanuts really and with low perm and press) but the interesting thing was that Shell stopped at TD within the sands where the gas was found. Why? Still don't know. Research then showed that Shell went back to the drill site the following year for a site survey AND then carried out further seismic over the area. SO they were interested and the head of Vermillion at the time was fairly excited about the tie back possibilities including giving an estimate on costs of doing so. Vermillion are now the operator of Corrib (trading as Nephin Energy)

Another development in January last year was the appointment of Brian o'Caithlin who was involved with the original Corrib discovery to the EOG board. A few months ago Brian was also appointed to the board of Nephin ENergy so the plot thickens.

Vermillion and their partners in Corrib, CPPIB and Equinor, have only recently taken over from Shell so they clearly have been limited in what they can say or do until that happened. Corrib is now in decline but the infrastructure is there and the best way to maximise the profit from it is to prolong the life of the field. I am sure they intend to do so and could well be potential partners for EOG.

Exciting times. EOG are pursuing other partners for the project but don't forget the Porcupine Basin assets as well. Billions of potential resources and the aforementioned Farm OUt in waiting includes a further two well commitment in that area. With Nexen/CXNOOC and Exxon Mobil drilling the Iolar prospect there this year that could derisk a huge amount of EOGs prospects and interest will be high. EOG is a very very interesting prospect. Do your own research of course but it is all there on the internet if you look deep enough.