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EOG Europa Oil & Gas (holdings) Plc

0.95
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Europa Oil & Gas (holdin... Investors - EOG

Europa Oil & Gas (holdin... Investors - EOG

Share Name Share Symbol Market Stock Type
Europa Oil & Gas (holdings) Plc EOG London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 0.95 07:34:23
Open Price Low Price High Price Close Price Previous Close
0.95 0.95 0.95 0.95 0.95
more quote information »
Industry Sector
OIL & GAS PRODUCERS

Top Investor Posts

Top Posts
Posted at 18/3/2024 14:58 by tommy241
“To attract foreign investment in domestic gas opportunities, the Ministry of Mines and Hydrocarbons is in the process of implementing a series of measures to strengthen the business climate for oil and gas companies. Various fiscal amendments are poised to come into force this year, including a reduction of Corporate Income Tax from 35% to 25% – translating into a reduction of 10 points – and the reduction of Dividend Tax from 25% to 10% – a reduction of 15 points. AEW 2024 will showcase upcoming opportunities and competitive investment terms, connecting investors to Equatorial Guinean projects.

Speaking during the 2023 edition of AEW, Minister Ondo said that “We are open for business, we are open to host new investors and we are inviting you to be very pragmatic when you approach Equatorial Guinea,” and ease of doing business in the country has already led to several developments being made.”
Posted at 28/2/2024 08:48 by currypasty
I cant see anything new, suet

It looks to me a presentation for new investors, rather than tempting long term holders to 'average DOWN'
Posted at 18/2/2024 09:41 by likeawalrus
EOG webinar 27.02.24 6:30pm

RBD 27.02.24 pm Edinburgh - Reabold presentation at Investors evening

...probably just a coincidence but I hope Europa is not planning a farm-in with West Newton, it's a money-pit run by snake-oil salesmen
Posted at 16/2/2024 09:19 by enfranglais
Bo Kroll could be a more activist investor & now owning 5.1% at 48,926,502 shares!
He has been here long term & cannot be a happy bunny with a large loss on his share holding! Hopefully, he is as unhappy with the Directors bleeding the Company dry as we are & a combination of Bo, WA & the collapsed action group, would easily speak for over 20% of the shares?!!!!!!! Worth a thought!!!!!!!
Posted at 02/1/2024 19:53 by tommy241
Thanks Curry, more from Malcy below:

“The comments I have made above for UJO apply to Europa just as much and the discount to potential NAV indicates a highly attractive risk reward proposition and there is much more to EOG than just this onshore part of the portfolio.

But for those other parts that I dealt with in the last RNS from Europa the news today is without doubt the icing on the cake. With the changes that the CPR makes that add the value I mentioned above the guidance appears to be that revenue from Wressle will more than cover ‘ any capital requirements across the portfolio’ and the company brokers imply a current enterprise value of just $9m today.

This should make for happy reading for Europa shareholders and with a really decent addition today to the portfolio which has upside in a number of areas the shares are also phenomenally cheap, the risk/reward proposition as I said is excellent.A presentation with further details can be found on the Company’s website.

In addition, the Company is holding a webcast for retail investors tomorrow, Wednesday, 3 January 2024 at 2.30 p.m. (GMT). The presentation will be hosted on the Investor Meet Company (“IMC”) platform and is open to all existing and potential shareholders. Questions can be submitted pre-event via your IMC dashboard up until 9.00 a.m. the day before the meeting or at any time during the live presentation. Investors can signup for free and add to meet Europa via:

I looking forward to the IMC presentation at 2.30 tomorrow which I will be on primarily to hear chapter and verse on the recent EG asset I mentioned above. The new asset has a huge amount of upside and the broker report I mentioned sees all the upside there.”
Posted at 02/1/2024 16:41 by currypasty
CEO Will Holland and Chief Geologist Jamie White are holding an
@InvestorMeetCo
webcast for retail investors on Wednesday, 3 January 2024 at 2.30 p.m., which includes an opportunity for Q&A. #EOG
Posted at 29/12/2023 09:16 by genises
Not sure if this has been posted.

An oil discovery in the North Sea has long held the attention of two British companies, although another deal for a nearby discovery has failed.

The British company Europa Oil and Gas and the British company i3 Energy are considering plans to acquire the Tyne discovery, which was abandoned by the Spanish company Repsol earlier this year (2023), according to what I learned. It is a specialized power platform.

Europa's chief executive, William Holland, said the North Sea Transition Authority (NSTA) had indicated the two companies might make an off-round bid to discover oil in the Moray Firth.

This comes at a time when the two companies were seeking to join the nearby Serenity discovery with Tyne, via the floating production, storage and offloading vessel “Plio Holm” belonging to Repsol.

However, these plans appear to have collapsed, when Repsol and its partners abandoned the Tyne project.

An attempt to save an oil discovery

Europa and i3 insist that the discovery still needs to be saved, even with the exit of Repsol and its partner Viaro, according to what was reported by the “ Energy Voice ” platform.

“There are a number of options we can do,” Europa CEO William Holland said. “There is a discovery adjacent to Serenity called Tyne, which is an open square.”

He added: "The North Sea Transitional Authority indicated that we can apply for it through an application outside the round... Therefore, we are currently analyzing the matter with our partner i3, and looking for ways to develop it, and there are a number of options."

Holland also said: “If Serenity had succeeded, we would have discovered 70 million barrels of crude oil, and our share price would have been much higher. We are in the oil and gas game, and we have to take risks.”

He expressed his regret that the discovery failed, saying: “It is unfortunate that it did not work out, but it was a calculated risk... We, along with i3, thought it was a very good opportunity... A lot of investors thought it was a good opportunity, because they invested "There too, and it didn't work out...it's the nature of the game."

Floating production, storage and offloading vessel "Pleo Holm"
The floating production, storage and offloading vessel “Plio Holm” - photo from “Energy Voice” platform
Options for developing oil exploration

Europa Oil & Gas had revealed - in October 2023 - that it was continuing to move forward to acquire a minority stake (25%) in the Serenity discovery, despite the setbacks that occurred last year (2022).

Operating company I3 Energy (with a 75% stake) praised the discovery for its potential to produce 100 million barrels, but disappointing evaluation results indicated that hydrocarbons were “non-existent” in the well.

Despite this, the partners confirm that there is still a way to move forward with the project, perhaps by unifying it with neighboring fields, according to what the energy platform has seen, quoted by the “ Energy Voice ” platform.

Seismic data showed that the Blake, Tyne and Serenity fields share a common reservoir, with I3 and Europa seeking to merge the latter into a single development project with the Tyne project.

The matter may be further complicated by Repsol's decision not to pursue the 10 million barrel Tyne project, given that it is "no longer an active project, and the joint venture partners no longer hold the licence".

For its part, Europa indicated that developing a single well in the eastern area of ​​Serenity around the exploratory well “has economic feasibility,” but reiterated in its announcement that consolidation discussions are continuing.

CEO William Holland said the company is working with I3 Energy to determine “the best strategic direction for the discovery, with a variety of development scenarios being seriously considered, including development that includes a discovery that could be linked to the Blake field, or that could be developed using reduced infrastructure.̶1; Cost as an independent field.
Posted at 19/12/2023 11:22 by spangle93
Suet - some companies are better at RNS's than others, but it does seem increasingly so that investing skill relies more on trying to identify what they haven't said in an RNS (cf post 16102), and understand why, than on the actual content.

It seems to me that because investors only have RNS's and other company-sourced material to go on, they remember the contents of these documents far better than management and advisers do. So investors take an RNS, and immediately set it in the context of historical guidance from the company, but it feels to me like a company does not ever think to refer back to previous RNS messages when crafting an update for market. As a result, so many unfathomable non-sequituers creep in.
Posted at 01/12/2023 13:05 by jedc1
Kim Clay, did you read ShareSoc link on this

hxxps://www.sharesoc.org/campaigns/shareholder-rights-campaign/

Rights not Exercisable
Although in theory investors via nominee accounts have rights to vote, attend meetings and receive information under the Companies Act, those rights are in practice not exercisable, and are not exercised, by the vast majority of private investors. In addition many rights that are otherwise available to shareholders who are on the register of a company are lost.

Europa has used a legal loophole to deny shareholder rights, it is immoral to use this and their corporate governance has been completely disregarded.
Posted at 29/11/2023 17:54 by spangle93
@grey Panther, ref your comments about the share price decline under Paul Barrett and Erika Syba.

The main difference is that they together held about 25% of the company shares in issue (I don't have documents going back that far but in Jan 2011, Paul Barrett held 16% personally, and I recall that Dr Syba had a comparable holding).

Ironically one of the reasons that they were "encouraged" to step down was the perception among larger investors that because of their large stake, it was just a lifestyle company for them. At least they were aligned with the investors then.

Contrast that with the meagre holding of the current omnishambles - they have no meaningful skin in the game, and therefore no driver to add shareholder value

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