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

[gunsofmarscapone] 31/5/2019 15:55

Strange share, potential so enormous but requires a great deal of money, my hope is farm in to Inishkea, gas discovery and twenty years of feed into existing and increasing ullage.

That will blow the lid of the share price and give us years of divs. Chance of everything lining up, 15-20%? Not bad really.

[rumobejo] 31/5/2019 14:55

only few appreciate the opportunity when it presents itself, many keeps doubting it...

[rumobejo] 31/5/2019 13:41

Oil price? ffs they haven't got production yet, still farming out into Ireland license...funny they overpaid at 3p when it was NT, now back at 2.8p and they don't show love, some are screwed thinking...

[jusmasel99] 31/5/2019 12:06

Oil price being battered doesn't help. Never quite sure what drives it - news or charts. Charts say OP should drop to 60 then recover ... but of course that all depends on what Trump says next ... lobg term it doesn't matter .. supply and demand take care of that.

[rumobejo] 31/5/2019 09:22

seems first equity accumulating given the note circulated on twitter yday...

[rumobejo] 31/5/2019 08:34

now NT, good luck buying...

[rumobejo] 31/5/2019 08:23

it's not gonna take long for 4p now 3.1p

[rogerlin] 31/5/2019 07:54

The inordinate cost of Corrib infrastructure means surely that the original partners will have tax losses to set against income for some time to come, therefore extra gas worth more to Vermilion and Equinor than to others?

[jusmasel99] 31/5/2019 06:40

Herman et al - it has been an incredible few weeks from a political perspective with regard to the Irish Offshore Oil and Gas industry.

Started with a discreet nod to Exxon Mobil that they could go ahead with Iolar then a ministerial statement supporting the industry. Followed by official confirmation that the Iolar well had been approved. Next a very supportive article in the Irish Examiner plus the mysterious (well it was) money message that provided the Taoiseach with the means to get around the Climate Emergency Bill. To top it all, yesterday the Taoiseach announced in the Dail that Ireland wants and needs its own Gas resources. That was a double edged statement and while it is fantastic news for EOG it also puts the boot into the proposed LNG terminals.

The transitional period from hydrocarbons to renewables (and even beyond) needs Gas and Ireland has declared itself open for business on that front.

The removal of political risk is extremely significant and investment decisions by the majors would have relied on being told that. I would imagine it most likely that there is no co-incidence in what has transpired over the last couple of weeks and the influence of big business has played a pert.

Now to Inishkea - massive prospect close to Corrib - which in my opinion has been significantly de-risked as far as getting a well drilled is concerned by the fact that an Oil Major has looked at our 3D and deemed it a target worth farming into - with perhaps only the political and company strategy components holding back an FID.

For all of us in EOG with an average below say 6p I would say we are in good shape to recoup our investment and then some BEFORE Inishkea gets drilled. Perhaps a 25% carried stake in a drill for 1 TCF with a 3 to 1 risk should see a Mcap of £40m plus prior to the drill surely with the dream of multiples of that if the drill is successful.

In my opinion anybody investing now at this share price is a lucky sod ...

[hermana3] 30/5/2019 21:26

Jus, Some day!

[jusmasel99] 30/5/2019 17:10

This is almost worth as much to EOG as a farm in

[rumobejo] 30/5/2019 16:26

closing price today will make a huge difference for what's coming next...

[jusmasel99] 30/5/2019 11:55

Lunch coming up and only 2% of the company traded so far - maybe more this afternoon!

2% and such a small move - crazy - the MMs have taken on a lot of stock or have more to shift from this seller who must be regretting doing the deal at such a low share price

[rumobejo] 30/5/2019 11:44

all ducks settled into new homes, few orphans to clear then heading in the right direction

[laptop15] 30/5/2019 09:38

3p in range :))

[laptop15] 30/5/2019 09:34

Next move up coming....huge buying pressure

[currypasty] 30/5/2019 09:30

online ask just gone back up to 2.8

[jusmasel99] 30/5/2019 09:26

Just look at the volume over the last week or so ... all spurred on by this strange seller who has to be selling a huge amount at a loss - only the Institutions could afford to do that - the ones in the last placing.

[currypasty] 30/5/2019 08:37

you have to be In it to win it, could be a mad scramble if the deal is signed off

[laptop15] 30/5/2019 08:34

She's about to break out I think

[currypasty] 30/5/2019 08:31

lets hope the big seller is done too, bonkers price atm

[laptop15] 30/5/2019 08:30

https://twitter.com/laptop1515/status/1133997755079233537?s=19BIG BUYER AROUND BOTTOM IN AND A BOUNCE DUE

[jusmasel99] 30/5/2019 07:38

More activity offshore Ireland from CNOOC and DNO who are going to shoot seismic over their LO next to Corrib - seems the "Money Message" has made an impact!

[guesswhosback2] 30/5/2019 07:21

Of course you did