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

[dunderheed] 21/5/2018 11:30

There's still a fair sized seller CP, do you not think?

[currypasty] 21/5/2018 11:10

surely an update is in order, even if they cant be too specific.. this is ridiculous

[jusmasel99] 21/5/2018 10:53

Going back to the lack of new director purchases:

I must have asked Hugh at least three times why they haven't bought any - last time almost insisting that he informs the market why not - but he steadfastly refuses to discuss the issue claiming market disclosure rules says he can not confirm or deny a closed period is in place - which is fine.

The new directors joined in January - both receiving share options with a strike price of 6.5p but only exercisable when the share price is greater than 10p. At those figures the options are only worth about £40k Not a great deal surely for these guys and from the current share price they would only have to invest £16k in order to realise the same return once the share price hits 10p.

There is a story to be told here ... how did they come on board were they asked or did they ask to join... Why did Colin leave ? But why haven't they bought yet ? Both heavily involved in the original Corrib discovery and we are sitting on two licences with proven gas and lots of prospects...

News must be coming soon ... it has been a long wait ....

[currypasty] 21/5/2018 10:46

we are lagging behind badly now...

[currypasty] 21/5/2018 10:38

recent interview with DB of UJO said Wressle appn. in by end May..

[guesswhosback] 21/5/2018 09:03

Credit to markfrankie on UJOBoard
Published 18 May 2018
From:
Department for Business, Energy & Industrial Strategy and The Rt Hon Claire Perry MP
Written on:
18 May 2018
The Rt Hon Claire Perry MP
This article first appeared in The Sun.
Developing our North Sea oil and gas has been a Great British success story.

Since the first wells started producing in the 1960s we have created a secure domestic energy supply, created thousands of high quality jobs, delivered billions to the economy and driven the growth of a huge engineering sector that we have exported to the world.

Even with the amazing improvements in North Sea production, volumes are declining and we are now importing almost half of our gas supplies.

Although we are in no way reliant on Russian gas despite what the Russians would have you believe.

Because gas is so important for our economy we know that we will need it for decades to come.

It also fits with our world-beating climate goals as it generates less CO2 than oil and coal.

That is why every estimate of our 2050 emissions reductions targets from the independent Climate Change Committee includes gas in our energy mix and why it is right to continue to look for gas that can be safely extracted from the potentially huge reserves hundreds of metres beneath our feet.

And there are other benefits too.

Shale gas extraction could provide a big clean growth boost for local communities as part of our modern Industrial Strategy – bringing thousands of high quality jobs, local investment and financial benefits to many parts of the country.

And our world-leading environmental regulations mean we could create even more investment and export opportunities from innovations like recycling waste water.

There are those who argue strongly against shale gas, using the most colourful and scaremongering language they can find and intimidating local communities and decision makers with lots of protestors from out of town.

In my experience, most of these arguments are made by people who actually just don’t want us to use gas at all – now or ever.

While we should all be hugely proud of our huge progress on renewables that delivers almost 30 percent of our electricity needs, we cannot meet our energy and heat needs now, or for many years to come, at a price we can afford, without using the gas that geography has gifted us.

That is why we committed to support the development of onshore British shale gas and to deliver a clean safe and affordable energy supply for the country.

It is why I have set out these changes to the planning and regulation regime to make sure there is support available for all involved in this process.

[guesswhosback] 18/5/2018 08:44

That's a good post and brings some hope to the onshore sector. I see UJO price has already had a strong reaction.

Edit and now EDR. Only EOG lagging behind.

[currypasty] 18/5/2018 07:22

Union Jack Oil plc (AIM: UJO), a UK-focused onshore hydrocarbon production, development and exploration company welcomes the Government's support and commitment to our industry as laid out in the Written Ministerial Statement ("WMS") from the Department of Business, Energy and Industrial Strategy and the Department for Housing, Communities and Local Government today.

The statement itself constitutes a material consideration in planning decisions and reiterates that shale gas development is of national importance. The government will publish revised planning practice guidance on shale development in the Summer alongside the launch of a consultation that will consider allowing exploration wells to be drilled under permitted development (i.e. without the requirement of a planning application) and consult on the inclusion of shale production projects into the Nationally Significant Infrastructure Projects regime.

The full text of the WMS can be found at www.parliament.uk/business/publications/written-questions-answers-statements/written-statement/Commons/2018-05-17/HCWS690.

David Bramhill, Executive Chairman of Union Jack commented:

"We are delighted by the joint statement released today by Greg Clark and James Brokenshire that wholeheartedly supports the safe and sustainable exploration and development of the UK's onshore shale gas resources.

The statement not only highlights the importance of securing stable domestic gas supplies while minimising harmful environmental impacts but also the substantial economic benefits that the development of onshore gas production can bring to local communities and the UK as a whole.

Union Jack and its peers welcome this progressive change in attitude by key ministers. Being at the forefront of the UK onshore hydrocarbon industry, Union Jack is well positioned to benefit from this revised strategy and look forward to the exciting opportunities that await all of our stakeholders. The future remains very bright."

[dunderheed] 17/5/2018 16:51

Maybe this was why recent share spike?
I'd thank Jus for posting but he's got me filtered*.







* not really filtered.

[currypasty] 17/5/2018 16:29

Egdon Resources welcomes the Government's support and commitment to our industry as laid out in the Written Ministerial Statement ("WMS") of today from the Department of Business, Energy and Industrial Strategy (BEIS) and the Department for Housing, Communities and Local Government .(DHCLG).

The statement itself constitutes a material consideration in planning decisions (i.e. carries weight in law) and reiterates that shale gas development is of national importance. The Government will publish revised planning practice guidance on shale development in the summer. It will also launch two consultations in the period; one that will consider allowing exploration wells to be drilled under permitted development (i.e. without the requirement of a full planning application) and the other to consult on the inclusion of shale production projects into the Nationally Significant Infrastructure Projects regime.

The full text of the WMS can be found at

www.parliament.uk/business/publications/written-questions-answers-statements/written-statement/Commons/2018-05-17/HCWS690

Commenting Mark Abbott, Managing Director of Egdon Resources plc, said:

"Egdon welcomes the Government's announcement today which emphasised the national importance that shale gas exploration and development has in delivering a safe and secure energy source, whilst meeting the country's Climate Change obligations. In particular we welcome the measures the Government has introduced on making the planning process "faster and fairer" and providing additional resources to help stretched local authorities.

Gas is used to heat more than 80% of the UK's households and for cooking in more than 60% of the UK's homes. Whilst renewable sources of energy provide a growing share of our electricity, gas still accounts for nearly half.

We currently import 50% of our gas needs at a significant financial cost to the UK taxpayer - over GBP13 million a day - and that figure is set to grow to almost 80% by 2035.

The UK's gas reserves contribute to ensuring the country has a secure, affordable and low carbon energy source."

[jusmasel99] 17/5/2018 16:27

By the way while we are waiting on other news - the next UK Offshore licencing round is due to be announced soon. Don't know if we have applied for any but all licences up for grabs have identified structures in them and or well data.

[jusmasel99] 17/5/2018 16:25

Not me I am afraid It was from the LSE Board - and EDR have released an RNS in reply.

[bountyhunter] 17/5/2018 16:15

good find Jus

[christy41] 17/5/2018 15:59

At last some good news...

[jusmasel99] 17/5/2018 14:27

I would say that this is the final nail in the coffin for the protestors and the wayward councillors.

Holmwood now firmly back in play and Wressle only a matter of time to production.

200bpd at £50 a barrel from Wressle will make this share price look as stupid as it is.

[dunderheed] 17/5/2018 13:49

Shame same cant be said about EOG share price.

[jusmasel99] 17/5/2018 12:48

$80 and rising fast ....

[christy41] 17/5/2018 08:53

From Providence,proactive interview

[rogerlin] 17/5/2018 08:51

What CNE actually most recently did in Ireland was to allow their option on 20% of Avalon 16/27 to lapse, they don't seem in any hurry. I think they are waiting on the arbitration on their tax dispute with Indian government, expected August, but who knows whether that will have a good outcome.

[jusmasel99] 17/5/2018 08:15

Still no new director buys 4 months in - either due to insider information or very disappointing behaviour - I am hoping for the former but what inside information can last 4 months? SOon be in a closed period for results as well.

[dunderheed] 15/5/2018 11:10

CP of course not mate, you'd never find me criticising the world class eog 'mgt' team.
One share that is sort of under the radar lately is cne, and their share price has being picking up lately from poo and operationally I think, however my long drawn out point is, that Simon T appeared to be saying (agm statement) they will be building on their Ireland business soon, so you never know, there maybe something positive there for eog? Probably not of course but, just saying like....
All imho and dyor!!

[dunderheed] 15/5/2018 10:17

CP when is that?
It's good to know that Egdon as operator can plan and make applications in a manner expected of a professional o&g company.

[currypasty] 15/5/2018 08:51

After Egdon's success with Lincolnshire council, we would have had a bit more interest here ready for the Wressle application