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

[enfranglais] 18/2/2024 11:23

Last address i had for him was 11 Ilchester Place, West Kensington, London, W14 8AA!!

[likeawalrus] 18/2/2024 09:41

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

[buck 1939] 17/2/2024 23:41

jedc1
Difficult to read into other people’s reasoning for their investment strategy at the best of times but I get the impression that they perhaps know a bit more than the average PI.
WA indicated that he would have abstained if the EGM had been successfully called.
Bo Kroll was not contactable.

[4sta] 16/2/2024 17:53

Thanks Currypasty.

[currypasty] 16/2/2024 16:19

We might get an update if they have increased production. More likely Heyco are happy at current level so as to not damage well, imo. At least we have official monthly figures albeit historic

[4sta] 16/2/2024 14:49

Are we expecting another update on flow rates for Wressle once they have got the jet pump working at the optimal level?

[jedc1] 16/2/2024 13:51

Buck,

I am not sure what that means for the Company, if both of the 2 top independent shareholders are not aligned. What do you think?

[tommy241] 16/2/2024 10:20

Well neither Bo Kroll or WA were interested in the recent EGM attempt so one would believe they support Will Holland.
Both are very successful businessmen who have been recently increasing their holding, they must see value at this ridiculously low share price instead of blaming others for their decision not to sell shares at 3p. Worth a thought?

[enfranglais] 16/2/2024 09:19

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!!!!!!!

[currypasty] 15/2/2024 19:54

thanks buck

[buck 1939] 15/2/2024 19:40

Currypasty,
Bo Kroll is WA's brother in law and the brains behind WA's fortune. WA invested $300k in Bo’s business (most of that $300k coming from a dowager aunt in New York) and they pocketed $30mm each when they sold out to a hapless US software company just before the dot com crash. Apparently the two of them haven't such a good relationship currently.

[christy41] 15/2/2024 17:11

Or he just thinks shares are incredibly cheap and he is confident in future plans, the same as WA who recently went over 6%.

[kingivor] 15/2/2024 17:06

Enfranglais...your reasoning is likely correct.

[christy41] 15/2/2024 14:48

One of our large holders…

[currypasty] 15/2/2024 14:25

who is BoKroll?

[enfranglais] 15/2/2024 13:58

Well Bo Kroll can now call an EGM on his own, as his holding is now over 5%?
Would`nt it be something if that was the reason for him taking his holding over that magic figure?

[currypasty] 14/2/2024 08:50

I hope he does another interview and explains the steps and timeframe as many PI's are a bit sceptical of more can kicking

[tommy241] 14/2/2024 08:41

As soon as EOG take operator of the licence from Egdon there is immediate progress, next step drill location?

[currypasty] 14/2/2024 07:25

Europa Oil & Gas (Holdings) plc, the AIM quoted UK, Ireland and West Africa focused oil and gas exploration, development and production company, is pleased to announce an extension to licence PEDL 343 located in the East Midlands of the UK, which contains the Cloughton gas discovery. Europa is operator of the licence with a 40% interest.



The North Sea Transition Authority ("NSTA") notified Europa that it has agreed to a two-year extension of the Initial Term to 20 July 2026 and a two-year extension of the Second Term to 20 July 2028 for PEDL 343. The extension will enable the Company to continue its ongoing work on the licence, where Europa estimates Cloughton to have Pmean gross gas initially in place (GIIP) volumes of 192 BCF. The discovery well at PEDL 343 (Cloughton) flowed good quality sweet gas at rates of up to 40,000 scf/day on natural flow, and the Company believes that a well could flow at 6 mmscf/day using the correct completion techniques.



Europa will continue to engage with its various stakeholders required to obtain the necessary permits and consents needed to drill an appraisal well in order to demonstrate the productivity of the field.



Will Holland, Chief Executive Officer of Europa, said:



"We are delighted that the NSTA has granted a two-year extension to PEDL 343 as it allows us to continue to progress the material Cloughton gas discovery towards commercialisation. We will update the market as we reach further milestones".

[currypasty] 13/2/2024 10:07

1m buy yesterday, 2 x 500k today


interest returning... have to be in it to win it (JV with a major for Irish drill)

[currypasty] 12/2/2024 16:21

any gossip ?

[enfranglais] 08/2/2024 16:23

It would do more than "pay the bills" if the Directors had some control of costs but the main item is their salaries & overheads, so no incentive to do so if we cannot sack the total incompetents!!

[suetballs] 08/2/2024 11:36

Can't see any upside until the sellers are finished.
Plus Wressle "only" pays the bills so we need some success in EG to get us moving.
Suet

[likeawalrus] 08/2/2024 10:46

£4.26m cash as at 30.11.23 and circa £0.7m-£0.8m revenue since then - mcap only £10m
surely this has to re-rate soon?