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

[jedc1] 31/1/2024 10:31

Very helpful!!!

[currypasty] 31/1/2024 09:51

the board buying a meaningful amount of shares in the market would be a help

[jedc1] 31/1/2024 09:49

Because the share price has consistently gone down because of the dreadful decisions made by the BODs. Lets hope this BOD actually do deliver but they need to get the share price up or we will see more selling.

[4sta] 30/1/2024 11:06

Hope it doesn't drop much further as I'll be tempted to buy more and these are already my biggest holding.Can't fathom out why anybody holding these at this price would even contemplate selling.

[currypasty] 30/1/2024 10:35

selling looks deliberate to me... why else wait till bid ticks down to dump those 1m's

[christy41] 30/1/2024 09:06

Not to mention,EG,Serenity,Cloughton and Wressle.
Takes all sorts to make a market.

[currypasty] 30/1/2024 08:59

a bit of selling todat, short sighted IMO as a JV on Irish could happen any time...
I would expect 2-3p on a fully funded carry JV

[blackhorse23] 29/1/2024 21:40

Bought today APH & waiting here financial numbers

[blackhorse23] 29/1/2024 21:39

Any financial news here ??

[currypasty] 29/1/2024 20:13

Malcy

"This is actually very good news indeed for EOG as the potential within FEL 4/19 is huge and as previously commented on, almost impossible to ignore in terms of low carbon energy for a country that is using imported gas."

[christy41] 29/1/2024 17:06

In fairness WH did meet directly with the Irish government in October.

[jhanson] 29/1/2024 16:54

@EnvAgency has decided to grant the variation for #Wressle 1 operated by Egdon Resources U.K. Limited. #EDR #UJO #EOG The variation is for changes to permitted Medium Combustion Plant (MCP) and Specified Generator

[jhanson] 29/1/2024 16:51

Apologies Christy41 just realised you posted Friday.

[currypasty] 29/1/2024 16:41

wasnt it lucky they sorted them 50 million options?

[enfranglais] 29/1/2024 16:39

At last a bit of good news though still nowt to do with little Willie but i expect he will milk it for all it`s worth!!

[christy41] 29/1/2024 16:32

You’d think Vermilion must be interested in some capacity.

[currypasty] 29/1/2024 16:12

I wonder if they already had serious interest, but subject to this approval ?

[christy41] 29/1/2024 15:05

Thanks for posting ohisay.

[currypasty] 29/1/2024 12:25

"we carry a risked valuation for Inishkea West of 4.15p/shr"


bring it on

[ohisay] 29/1/2024 12:20

Tennyson today...FWIW

... Clearly with such a deadline and uncertainty overhanging Europa was unlikely to successfully attract a partner, however with this extension, and the evidence of support from the government, we believe its chances of bringing in a partner are now good. As with the UK North Sea, the Irish Government is unlikely to approve new licences for exploration, however existing permits are honoured, and there is a clear environmental case to utilise domestic supply over more carbon intensive imports. FEL 4/19 contains the large 1.5 Tcf Inishkea West prospect, which is close to existing infrastructure at Ireland’s only remaining, but declining Corrib gas field. A quick and relatively inexpensive tieback development at Inishkea West therefore could play a crucial part in the country’s energy transition, and we would expect an obvious (but far from only) candidate for farm-in to be the Corrib operator, Vermilion Energy. We value Inishkea West unrisked at over 20p/shr net to Europa, but naturally, as the licence neared the expiration date without extension, the commercial chances of success were falling by the day. Today’s extension has vastly improved these chances of a commercial development. Applying an overall (geological plus commercial) chance of success of 20%, we carry a risked valuation for Inishkea West of 4.15p/shr (of a risked Total NAV of 15.83p/shr, including Onshore UK 2P+2C, 1.2p/shr, Cloughton, 2.27p/shr and Equatorial Guinea 5.65p/shr). Each, individually, comfortably in excess of today’s share price of 0.9p/shr*.

[christy41] 29/1/2024 10:45

Hindsight Curry, hopefully the beginning of sentiment starting to change here.
Still a ridiculously low market cap.

[currypasty] 29/1/2024 10:38

they were selling at 1.15, so would be in profit with downside risk removed


pity I didnt do that

[christy41] 29/1/2024 10:36

I wonder if whoever was selling will start buying back?

[currypasty] 29/1/2024 10:29

Personally i think this news is very good. Without it the project was dead and a write off. I wonder if some of the large selling recently was just in case it was turned down?

We now need to crack on at full speed, and get some sort of deal on the table as soon as possible. earn that 50 million share handout ?

[4sta] 29/1/2024 08:34

Bit of a luke warm reaction. I see this as really positive. If they had not had the licence extended we would have lost a really great asset.