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

[dunderheed] 31/5/2018 12:33

bh I thought Hugh was talking well (drill ready) in 2019?
Correct me if wrong please?

[bountyhunter] 31/5/2018 11:52

...should have said to realise full potential if there is a successful drill in 2020

[jusmasel99] 31/5/2018 11:39

Don't think so ... matter of weeks now ... Predator confirming that there will be lots of newsflow once Vermillion take over as operator. Got to be in it to win it.

Quick comparison ... Predator and EOG both have wells previosuly drilled on their licences .. both of ours found gas .. Predators was dry .. to the south of Corrib there is oil to the north there is more gas ...

[bountyhunter] 31/5/2018 11:30

cheers Jus, maybe I'll hang on here a little longer!
...may have to be a year or two though after reading that

[jusmasel99] 31/5/2018 09:56

and more from an interview with the Predator MD ....

In Ireland, the first step is basically to progress to the next stage in negotiating and obtaining the successful authorisation which would be Frontier Exploration Licence, which would be subject obviously to regulatory approval.
From that, we would move on to open our discussions and continue our negotiations with the new Corrib gas field operator and as you know, that’s still awaiting approval from the regulatory authorities, as far as I understand, the transfer of the operatorship from Shell. The reason for that is because ahead of any drilling commitment, we would want to negotiate a time and tariff agreement before we spent high-risk money drilling a well basically, that’s just a natural commercial thing that most people would attempt to do.
Lastly, and most importantly, over the next 6 months we will be establishing the drilling consortium to drill this prospect, no earlier than 2020 unfortunately, that’s the time you need effectively to plan and execute wells these days. The types of parties we have, already having discussion with, are basically a mix of private equity engineering companies and oil majors and the reason why the project is attractive, in terms of these entities, is that they’re looking at the overall project, in a success case, of it being able to tie-back and monetised gas through the Corrib infrastructure very quickly and that makes it a completely different style of farm-out partnership, if you like, to the normal conventional farm-out where you’re farming out for high-risk exploration wells or appraisal wells. So, that allows us to have a broader audience for potential participation in this.

[currypasty] 31/5/2018 09:37

thanks for that Jus, looking good for some action one way or another

[jusmasel99] 30/5/2018 08:06

Had a word from Vermillion this morning saying that they are still expecting to complete the transaction this Summer. Also that they will announce further details on Corrib expected capex once it is completed .. clearly taking over the maintenance responsibilities from Shell as well as planned new production wells.

[guesswhosback] 25/5/2018 13:15

I forgot you are knocking on a bit. You will be able to use your profits for your care home fees.

[currypasty] 25/5/2018 12:58

I was hoping sooner than 10 years, I am banking on Hugh's 'drill June 2019'

[currypasty] 25/5/2018 12:00

...anyway, after the buying and price improvement, a few people still don't see the dream, and sold at 4.6

[guesswhosback] 25/5/2018 11:52

O/T


We mostly deal with possession work for the Banks and lenders, so a bailiff arrives with us. Rent arrears are the biggest problem right now.

[jusmasel99] 25/5/2018 11:08

Greens want their cake and to eat it too ..... no LNG terminal is good news for EOG and Corrib ...

hxxps://theenergycollective.com/desmog/2433749/brexit-pushing-ireland-towards-u-s-fracked-gas-putting-climate-commitments-at-risk

[dunderheed] 25/5/2018 10:51

ah right yes I will probably be availing myself of those services soon!
You go to a solicitor and they say this timeline and that, then when you take them on and make application to court they mention, "oh, the time lines we were talking about if the courts were not busy, lol".
It seems the courts are very busy.
I'm a complete right wing nut but, I'd be happy with some rent regulation in the private sector as there is a bloody ticking social time bomb in London, IMHO.
I take it you're pretty 'busy' then?

[guesswhosback] 25/5/2018 10:15

DH - I am in that industry

[dunderheed] 25/5/2018 10:11

Probably CP!!
Guess, are you the ex bailiff?

[guesswhosback] 25/5/2018 09:45

Steady buying and in good size too. Someone accumulating.

[bountyhunter] 25/5/2018 09:44

My suggestion to the AEG ramper is that he takes a look at OXB as they have a cure for cancer! (childhood leukemia)

[dunderheed] 25/5/2018 09:31

I'm off to buy some f'ing AEG, the guy has worn me down.
When do Vermicelli petroleum take over operatorship?

[currypasty] 25/5/2018 09:23

heading up again, 1 mm on 4.8, then 5p

[bountyhunter] 24/5/2018 23:26

AEG is being ramped all over the place, some investors there seem desperate! Good companies don't need ramping.

[costax1654x] 24/5/2018 20:05

I bought some shares today just in case!Anyway fellow investors have a look at AEG I personally think that it will multibag.Good luck here!