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

[fardels bear] 29/10/2017 19:25

You could shoot a few, Joe..

[joestalin] 29/10/2017 15:07

"BBC maybe just maybe they might come up with a balanced and unbiased version."

Do you want them sacked?

[jusmasel99] 29/10/2017 11:59

If only the BBC could put together a report with actual facts on it and perhaps interview one of the hundreds of thousands of shareholders in the UK oil and Gas Industry that support and understand conventional oil exploration maybe just maybe they might come up with a balanced and unbiased version.

[joestalin] 28/10/2017 19:09

'When SCC say that Europa is not engaging with the community here, the people protesting are not those who go to the local.'

I suspect that many of them live in the people's republic of Tooting.

[itsriskythat] 28/10/2017 17:49

Tonight I am relaxing in the Plough Inn at Coldharbour. It is perplexing me why anyone here would want to stop the Holmwood drill going ahead. People in the pub are unlike the Coldharbour locals I saw at the planning meeting. Not a beard in sight tonight, talk is all about enterprise and money. Wealthy area here. A Land rover, two Mercedes and now a Ferrari parked outside the pub.

When SCC say that Europa is not engaging with the community here, the people protesting are not those who go to the local.

[jpodtrading] 28/10/2017 11:09

Hi Jus, I and many other's really do appreciate your research. And I agree that positivity is the way to go... But it does make me wonder if you're Huge-Hugh?! ;p

But either way, we have massive potential and I find nothing wrong with stating the potential of our little company!

For me, and potential new investors, I'd like to see a bullet point list, of dates and events AND the potential upside! I'm lazy so I hope you have the time to do it Jus!? ;p

I have to admit I've been in-out-in-out-shake-it-all-about! .. of recent times here, but now I'm firmly in at 5.6.. having taken the hit from the 35p days!

Although I feel the Euorpa PR need a good 'ol 'Shake and bake!' (Talledaga nights)

[jusmasel99] 28/10/2017 10:11

and more ...hxxp://www.oedigital.com/pipelines/item/16035-an-uncertain-outlook

Another possible resource is tight gas, which the OGA recently launched a study into, focusing on the southern North Sea.
“The Southern North Sea tight gas play holds over 2 Tcf in discovered, but undeveloped accumulations,”; says Dave Moseley, manager - Reports, NW Europe at research group, Westwood Global Energy Group. And there is further potential in undrilled exploration prospects and infill drilling opportunities, which could increase estimates to 3.8 Tcf, according to the OGA. But, Moseley warns, most developments are reliant on current infrastructure remaining open for business.
Some are already active. BP, which retained interests in the Carboniferous play when it sold out of the southern gas basin in 2012, is now drilling an exploration program south of the Ravenspurn field, targeting a new tight gas play in the Namurian.
“This was encouragingly sidetracked with a development leg in June,” Moseley says. “If the several-hundred Bcf pre-drill potential can be realized this may help extend the life of Ravenspurn, which is currently expected to reach cessation of production in around 2021. However, even in the event of success, discoveries like this remain the exception rather than the norm in a basin of this maturity.”

[jusmasel99] 28/10/2017 10:09

Found this tucked away ... very interesting and encouraging ..

he BP-operated Ravenspurn North Deep well in the same region (Premier carried 5% interest) is testing the potential of a deep Carboniferous age horizon underlying the Ravenspurn North field.
Drilling has started of a lateral side track for production testing, after successful completion of the vertical pilot hole.

hxxp://www.offshore-mag.com/articles/2017/07/huntington-leads-the-way-for-premier-in-north-sea-production.html

[jusmasel99] 27/10/2017 16:35

Can't imagine what that could be other than results - but the Oil Price is booming and we are most definitely in profit now ...

Wressle becomes even more significant in the next couple of weeks - this time I am confident (as written above) that all will be 'well'....

[currypasty] 27/10/2017 16:29

News Monday?

[jusmasel99] 27/10/2017 09:14

Institutional and corporate investment is all very well but it can lead to fingers being burned as we know from personal experience. A change in fund manager or institution strategy can lead to these guys dropping their shares on the market with no concern over the loss they may bear as a result. Something at the back of my ind suggests this is what is keeping our share price down at the moment as one of our Institutional investors has recently been bought out and they may have decided to move out of EOG/ If that is the case we won't know about it because none of them are over the reporting threshold.

Wouldn't mind a merger with EDR though at the right price ... that would make one hell of an interesting company with a diverse portfolio and a major share in Holmwood and Wressle. It would also have Cleveland Offshore all tied up if the BP drill is as successful as I think it is going to be.

On another topic .. just had a look at our UPL deal on Wressle. When that comes in to production we get £1.3m up front PLUS in effect 10% of UPL although obviously that will get diluted as UPL raise funds. It also puts into play a reverse takeover as UPL seem to have some major PI backers ready to put some money in.

[itsriskythat] 27/10/2017 08:37

Lots of references in there to Egdon's appeal, Jus.

Another UK onshore company with potential, but you'd die waiting for something to ignite the price. Even more overlooked by private investors, except that some large funds have subscribed in the Egdon placings at 20p in May 2014 and 13.5p in Nov 2016, compared to the current 8p price.

Both have a similar model to use production from Wressle to become cashflow positive, and to progress their main assets. Their fates closely linked at this stage.

I prefer Egdon, because of its institutional and corporate share register, but it's the regulatory/political/protestor environment that's killing them both.

[jusmasel99] 27/10/2017 07:34

GD - it will be announced with the results. Usually in December though.

Wressling with May

In Parliament this week, Prime Minister May re-iterated her party’s and the Government’s commitment to Fracking. Without going in to the pro’s and con’s of this particular form of mineral extraction it can be safely assumed that there is far less risk to the environment from conventional oil exploration than there is from fracking. Yet all of the substantive economic benefits to the nation as stated by May in support of her stance on fracking can be applied to oil production. It follows then that the government could and should encourage and permit onshore oil production.

Unfortunately, local councils and protestors see differently. They see oil extraction for some reason as being tantamount to fracking which is just not the case. Local councillors are pressurised into making ridiculous decisions based on the perceived electoral influence of these protestors in this emerging environmentally aware world we live in. The government are aware of this and have issued guidelines to planning authorities to ensure they understand the importance of these local planning applications to the national scheme of things. Yet still the local planning committees are making a nonsense of this.

Take what is currently happening in North Lincolnshire. In July 2014, Egdon Resources and their partners in the project drilled an conventional oil exploration well near Wressle. In order to do this they had obtained planning permission from all the relevant government agencies concerned including North Lincs Council. They spend several million pounds in completing this project and successfully encountered both gas and oil which they subsequently flow tested. As the way things stand at the moment , Egdon then had to re-apply to all the aforementioned agencies in order to move this exciting new discovery into production. All but North Lincs council approved their submissions including the Environment Agency whose responsibility it is to ensure and oversee the safe extraction of the minerals found in an environmentally secure fashion.

So Egdon could drill, find AND extract oil and gas during the exploration phase with North Loncs permission but when it came to full production they were refused. How on earth can this be? Well they didn’t only refuse it once, Egdon re-submitted their production planning application and it was refused again despite increased information being provided to allay fears the councillors had expressed in their earlier committee meeting. These councillors – all of whom as far as I know have no in depth knowledge of the geological and hydrological issues – sought fit to overrule the Environment Agency as well as their own planning officers who twice have recommended approval of Egdon’s application.

Egdon of course have appealed these decisions to the Planning Inspector and these will be heard next month. So that is where we are at right now and what is just as absurd is that the 6 day hearing with the planning inspector will cost both parties 6 figure sums on top of the vast amount of expenditure to date. But that is not the only cost here. Some 500 barrels of oil per day could have been extracted in the meantime had permission been granted at the first application. A cost to the national economy of nearly £8m in additional imports, a delay in providing the jobs that this project will secure, tax revenue to the government, and for the environmentalists to consider, increased pollution to the atmosphere by importing replacement oil from overseas.

This has to stop. If a conventional well can be delayed in this manner what chance do fracking wells have of avoiding this unnecessary intervention by local planning authorities. Mrs May has spoken and she must now intervene to remove immediately the source of this problem – namely the inclusion of local planning authorities in the planning permission process as well as removing the unnecessary step of resubmitting planning permission for production after exploration success.

I would hope that the planning inspector hearing Egdon’s appeal next month will come to the same conclusion and offer recommendations to the government to ensure this idiotic sequence of events cannot re-occur. I would also hope that UKOOG, the onshore oil and gas industry representative body will also increase pressure on the government to back up Mrs May’s stance with positive action and allow the industry they serve to get on with the job they are doing and which will benefit our economy for years to come.

[greatfull dead] 26/10/2017 19:20

Jus,

When is the AGM scheduled for this year? If I can I want to attend.

ATB,
GD

[jusmasel99] 26/10/2017 17:39

Thanks for your comments Guys - keeps me going. AGM is usually in Baker St where I used to work. Glad to be gone - hated the place. The Tea and Coffee are free and last year there were only one or two shareholders present and we had plenty of time to chat with the team before and after. Didn't last long - would have been shorter if I had kept my mouth shut. Would like to go again this year and meet up and put some faces to nom de plumes.

NGMS last spotted on the PVR board mid September .. Hope he is oK

[greatfull dead] 26/10/2017 17:05

JS,

Very good idea. There is a possibility of telling them the EOG story and what EOG has going asset wise. Some of the locals would digest the info and buy into EOG prior to the SCC planning committees next meeting to consider drill on Holmwood!!!!

Enjoy your evening all,
GD

[joestalin] 26/10/2017 14:01

It might e a good idea to visit Holmwood and chat to some of the locals. This looks like a good one to start with.

hxxp://www.royaloakdorking.com/

[dunderheed] 26/10/2017 13:07

Where the hell is ngms for god's sake?
Does anyone (really) know? (Not free bb 'fact' know!).

[guesswhosback] 26/10/2017 11:02

Jus - you are taking this too personally. No one is having a go at you. Unfortunatly we assume you have the ear of Hugh. Im sure he can read our posts in his busy schedule.

Perhaps I will spend some more money going to the AGM which will no doubt be somewhere expensive. Might be easier to meet at Holmwood. I hear its quiet there.

[dunderheed] 26/10/2017 11:00

Oh yes excuse my manners - sorry to hear that as well Jus - you seem a really nice guy.
Ironically I was going to ask you when I semi retire about the old newsagent business - as to me it seemed like a nice lifestyle type business - if on a seafront somewhere - but obviously not.
I suppose on teh seafront you can sell hot dogs and ice cream etc which would (hopefully) offset any of teh more traditional sales etc.?

[itsriskythat] 26/10/2017 10:47

Sorry to read that, Jus. Perhaps the results will bring something more cheerful.

[dunderheed] 26/10/2017 10:21

Reserved for Pram.

[greatfull dead] 26/10/2017 10:14

Holmwood outcome is to me EOG current priority.

GLA,
GD

[jusmasel99] 26/10/2017 10:13

Well DH you have answered one question that I didn't consider and the answer is NO I would not like to work for you! I was just making up the wages for my staff - 13 of them part time. I have told my two senior staff members that because of their contribution I will keep their present hours safe till the end of this financial year even though their wages exceed my budget for the work that they do - I will take the loss on that. I have told the remainder - and they could see this for themselves anyway - that I need to drop two of them as I am making a big loss on their work. However I have told them that their jobs are safe until past Xmas because they stand to pick up a considerable bonus from customer tips during the festive season. I am left though with the unenviable task of selecting which ones to make redundant and on what grounds. I will make a short term loss and hopefully recover that with increased profit after they have left. My industry is in decline - there is no way I can grow sales to a point where I could re-employ any of them so the decision has to be made and it is one that I am currently very sad and depressed about. Worrying about how much Hugh and his team get paid is not top of my agenda right now...

Oh and there is one other factor which is probably of no concern to anybody reading this but it is a major factor to me ... the two I have to say goodbye to are paperboys ... do you have any idea of what that is going to be like? Telling a young lad that does his work so proudly and efficiently that I can't afford to pay his measly wages? A young lad who has willpower to get up so early and the desire to earn money at such an early age.. What a rotten Xmas this is going to be .. as I asked ... where is NGMS when you need him to cheer us all up ???

[currypasty] 26/10/2017 10:06

HP, if you think the rise, fall, and partial recovery of brent crude (even though we only produce a dribble) has a part to play in EOG 5 year share price action, how about this...