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

[currypasty] 05/8/2020 15:22

In the interview with DB, from UJO, he specifically said October for production.

In the RNS, Europa will produce 'well over' 200 bopd once wressle on stream

cost stated at $17 bl

200 x (46-17) = $5800 / day

potentially $2m profit per year!

You would imagine value of that could be 10x yearly profit.. $20m


todays mcap £5.5 mil


Best thing IMHO is for EOG to flog it to UJO, and pay us a divi! otherwise, that $2m will just get swallowed up with wages, running costs, admin, white elephants, etc etc

[suetballs] 05/8/2020 15:11

poo creeping up - $46.
All helps.
Suet

[hermana3] 05/8/2020 10:00

DH, Unfortunately yes and lost a few quid there too. O'C made a right horlicks of things...

[tommy241] 05/8/2020 09:53

Meanwhile, OP just below $45 a barrel and gas prices at the highest level this year.

Roll on production at Wressle and Irish farmout :)

[dunderheed] 04/8/2020 14:00

hermana were you in PC - I managed to get out of that for a small trade profit some years ago.

They were made to look total idiots in that situation I thought - simply overvalued their assets - imho.
I "know" of the new owners and whilst a bit "flash and seat of their pants" they've done a far far better job than the so called "industry experts", - again all IMHO!

Afren was a different kettle of fish but again it does make you wonder like... (re pulling wool over eyes, not seeing wood for the trees etc etc lol!!) Again all IMHO.

[currypasty] 04/8/2020 12:31

"some alignment with shareholders."

you mean like BoC has 250k shares, and S.O. 500k?

[spangle93] 04/8/2020 12:18

hermana - 9 times out of 10 you're spot on. Interestingly PANR management recently set options at 28p when the share price was 14p. If all else was the same, which company's shares would you feel more confident in buying?

I think setting it with the absolute minimum is taking the michael though. 6p would have been great, of course but even 2p would have shown some alignment with shareholders.

[hermana3] 04/8/2020 12:09

Options price defo on the low side but they never makes options and bonuses thresholds unattractive do they?

[enfranglais] 04/8/2020 12:03

So Oddie gives himself options, that if we just get back to the price of the last fundraise, will see him almost £500,000 in profit!!!!!!!!!!! The options should have been at 6p & no lower - the small shareholders have been SHAFTED yet again!!!!!!!!!

[hermana3] 04/8/2020 11:11

And ex Petroceltic! Fortunately it is the CEO that is more important....

[fanshaw] 04/8/2020 10:49

ex afren says it all ! BEWARE

[hermana3] 04/8/2020 08:33

And the indomitable beefy O'Cathain gets the Chair too....

[suetballs] 04/8/2020 08:14

Dunder I am with you on this one.But at least the share price is heading in the right direction.
Suet

[dunderheed] 04/8/2020 07:56

Of course he had no hesitation. The options are at an incredibly low price and let's face it, there probably ain't that much similar work for the likes of him now?! Imho.
Is this the old boys Enterprise Italy club, lol?
I mean it was before but this is getting ridiculous.
I am always a little wary of mates working together, it can go brilliantly and it can go like PHAR! (Similar share price under performance to EOG).
All imho.

[adnatrob] 04/8/2020 07:50

Excellent news, they now have skin in the game.

[guesswhosback2] 04/8/2020 07:46

Thats a good appointment. Let's hope he can pull this together.

[suetballs] 04/8/2020 07:45

Oh options - well what a surprise!
Suet

[tommy241] 03/8/2020 21:57

Gas 17% up today :)

[tommy241] 03/8/2020 09:32

Spangle, Sept / October is what EOG mention to me recently so you could well be correct.

Nice to see Gas prices continue to rise, what price on a Irish farmout?