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

[purple11] 24/9/2019 14:30

you do now you can pick up these licenses for around 30 grand on the market these days.

being awarded them is a curse unless youre a director peddling dreams on the aim casino that is...….

[jusmasel99] 24/9/2019 14:25

GoM that reasoning is exactly why the move into Morocco happened and I think it might turn out to be a very smart move but I won't be around for that (I may keep a few shares for old time sake) because Inishkea will be drilled. I was hoping for this year, then next and now down to the delay in processing the site survey applications it could be 21 before it is drilled but it will be drilled and before that a farm in will take place. There is no longer any political risk in exploring for Gas offshore Ireland and only the extreme environmentalists are arguing against it. Wressle really does look like a shoe in to get permission and that will lift the share price for sure.

As for the porcupine basin I can't see that progressing now although I am assured that the farm in for all three licences is still on the table waiting for sign off.

A successful Inishkea drill into 1.5TCF would see Europa with a saleable asset of some £100m or more .. thats a 20 bagger from here but more likely a 10 bagger once the share price recovers on Wressle news. Depends which comes first ...

[gunsofmarscapone] 24/9/2019 14:13

Unfortunately Curry this company is now well and truly in gambling territory which is why it interests me. Even with forthcoming positive news re Wressle and the greatly delayed farm-in announcement for FEL 4/19 the new Morrocco licence award implies a significant funding requirement.

My take is that farm in companies require a solid base in law in order to proceed and that may be the reason for delay, perhaps they have regraded geopolitical risk and are looking for a lower cost deal?

[currypasty] 24/9/2019 14:11

and so.. for Wressle

EDR have 30% mcap £15.9m
EOG 30% £9.4
UJO 27.5% £30.9
Humber 12.5%


on UJO latest interview,

he mentions wressle worth £2.5 million per year when on production


so, imo, wressle 'should' made the biggest difference to EOG shareprice!

[currypasty] 24/9/2019 11:50

"I’m in for a large punt on the successful landing of a farm in deal for Inishkea along with a very useful revenue increase at Wressle."


that about sums it up!

[gunsofmarscapone] 24/9/2019 10:36

I disagree kindub, in fact he has offered some support to perhaps new and amateur investors to read into what is not or cannot be said. I’m in for a large punt on the successful landing of a farm in deal for Inishkea along with a very useful revenue increase at Wressle.

Not keen on Morocco at all, the possibility of a placing to fund expensive licence work using share price uplift on successful Inishkea farm in weighs heavily.

[johnwise] 24/9/2019 10:32

Not a holder of the stock

Will the Company surrender to the Climate Change Hysteria



The truth about global warming

VIDEO


A Dearth of Carbon (w/ Dr. Patrick Moore, environmentalist)

VIDEO

[kindub] 24/9/2019 09:20

Probably not, I don't believe the BOD are being completely straight with what's going on in Ireland.

[currypasty] 24/9/2019 08:00

will it ever be a good news rns?

[jusmasel99] 24/9/2019 06:50

I wouldn't pay too much attention to them or the Green party who also want no exploration at all. The message is clear that Ireland needs and wants more indigenous gas found and found quickly. It really is excellent news for EOG and we will have to wait and see what happens in the Porcupine but I am not holding my breath on that one.

[tommy241] 23/9/2019 21:28

“Irish Solidarity–People Before Profit TD Brid Smith said the Taoiseach’s announcement that he intends to phase out oil exploration is “too little, too late” given that his Government has already issued licences to allow exploration up to 2035 and possibly beyond.


“This is just an attempt to cover up the obvious hypocrisy involved in raising carbon taxes on ordinary people while allowing Exxon Mobil and others look for more oil and gas we can’t ever use if we are serious about limiting global temperature increases.

“This year alone they have issued more licences that are operable until 2035.

“When does the Taoiseach intend to ban fossil fuel exploration?”

[guesswhosback2] 23/9/2019 19:41

Needs to or will do.

[jusmasel99] 23/9/2019 19:02

Its all about Inishkea now. Irish government needs to reimburse expenditure to date on porcupine exploration. Could have been the reason for the delay in processing all the consultations.

[bountyhunter] 20/9/2019 06:59

cheers Tommy, clickable..

[tommy241] 20/9/2019 06:45

www.irishexaminer.com/breakingnews/business/exploration-company-suggests-irish-oil-and-gas-sector-losing-momentum-951824.html

[christy41] 19/9/2019 14:51

Here it is....cue drum roll

[bountyhunter] 19/9/2019 11:42

That would be the last thing we need here ;)

[burtond1] 19/9/2019 11:09

https://total-market-solutions.com/2019/09/19/gatwick-gusher-update/Where next for the Gatwick Gusher?The last week has seen the Surrey-based Horse Hill oil project, often referred to as the 'Gatwick Gusher', enjoy considerable progress...So, what could this mean for the firms involved?#UKOG #ALBA #UJO #EOG #EDR

[bountyhunter] 19/9/2019 10:30

This has to be an excellent contender for the award of the most frustrating share I have ever held! I can completely understand why emotions run high here as it's so annoying to progressively lose money on a share which always seems to be on the verge of turning around! 'Maybe one day Rodney' is the only way to sum things up here, even if it's just Wressle that finally comes good for now (although even that's not in the bag yet!).

[currypasty] 19/9/2019 10:25

500k sell, someone fed up

[guesswhosback2] 19/9/2019 08:43

Guys I'm as guilty as anyone for being negative, however Jus does keep our Hope's alive. If it wasnt for him we would have no posts in here.

[dunderheed] 19/9/2019 08:13

Fair enough mate, absolutely.
However I will always respond to certain mouthpieces posts of course.
I am sorry if I appeared "angry".
Best of luck all.
Over and out from me!