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

[tommy241] 10/6/2020 08:42

Volume much higher at the moment, one million traded this morning already

[luchan007] 09/6/2020 16:28

People,

the Shakira effect seems to be upon us, so to speak!

Luchan.

nb. reading the Interim Presentation the farm out partner for Morocco is due to be announced Q3 2020 which is not far off now.

[currypasty] 09/6/2020 12:53

The 1.2 ask is now 1.4, but there is still little stock to buy and spread is huge

[luchan007] 09/6/2020 11:16

Chaps,

not held here for six years, can't believe Wressle is only just on the horizon now as getting the stuff out of the ground. We might see profits from people cashing in elsewhere dipping in here. All aboard the EOG!!

Luchan.

[christy41] 09/6/2020 11:03

Its been that way for awhile..plus the extra large spread to discourage any interest if any at the time.

[currypasty] 09/6/2020 10:19

the 1.2p ASK price is false, there are no shares to buy.. do a dummy trade and see for yourself

[christy41] 09/6/2020 08:56

Cheers Tommy,much appreciated....

[tommy241] 09/6/2020 08:54

Luchan, Welcome :) please see the broker notes released this morning

[dunderheed] 09/6/2020 08:39

It's a shame Brent isn't $50 a barrel then isn't it?!

[tommy241] 09/6/2020 08:36

“the current share price is entirely underpinned by Europa’s UK producing assets alone at $50 Brent and has nothing in it for Wressle, let alone Inishkea.”

[currypasty] 09/6/2020 08:34

thanks tommy

[luchan007] 08/6/2020 10:30

Wressle production starting October from you tube interview. UK Oil market cap way above EOG £18m. $50 a barrel will see turnover here at £3.3m with profit somewhere between £800k and £1m,

Add in Ireland and Morocco exploration and upside at Wressle should see a Mkt Cap £30+m.

Or have I missed something.

Luchan.

[tommy241] 08/6/2020 09:37

Bramhill talking about Wressle

[jusmasel99] 08/6/2020 08:47

Trust you are all staying safe. I hope you get the chance to watch BBC Panorama tonight which is the (first) culmination of my efforts over the last few years to bring Post Office Ltd to account

[currypasty] 08/6/2020 08:43

Dunders, stock market looks forward not back

[dunderheed] 08/6/2020 08:38

Curry how can you say that?
The nearest thing we have to value Wressle should surely be what has just been paid?
If you're correct why on earth haven't our directors done the same then?

[tommy241] 08/6/2020 08:37

Even after UJO buying (distressed) Humber’s stake in Wressle, EOG will still have a more production due to EOGs existing production.

UJO have to pay over £2mil in debt financing (£1million historic and the further £1million announced today).
No debt required for EOG.

UJO also have to pay 2.5% Net Profits Interest whereas EOG do not.

EOG also have the possibility of using existing production capabilities to operate at Wressle, thus bringing EOGs costs down further and increasing profits.

[oilforex] 08/6/2020 08:22

This has got to be pretty seriously undervalued now?

[currypasty] 08/6/2020 07:59

spangle, cant see that myself.. sell the lot first?

[dunderheed] 08/6/2020 07:54

I believe a figure similar to this was foretold on post 9552?!

[dunderheed] 08/6/2020 07:50

So good I said it twice lol.

[dunderheed] 08/6/2020 07:50

I think my guestinate was as good as damn it what was paid.
Do you not agree?
I have no idea what are the reasons for Humber selling bro?
How about recognition of the accuracy of my prediction M?
Lol.

[mesquida] 08/6/2020 07:47

Another point Dunderheed, I gather that the party selling to Union Jack is a distressed seller, so one could probably factor up the £4 m imputed value somewhat.