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

[currypasty] 03/10/2018 08:16

cheers jus

clickable link..

[jusmasel99] 03/10/2018 08:12

Breaking news indeed ...

hxxps://www.breakingnews.ie/business/europa-oil-to-fast-track-irish-assets-to-drill-stage-873150.html

[jusmasel99] 02/10/2018 07:34

Some news about Wressle as well that passed me by - no EIA required for new application. Decided on the 17th September

[jusmasel99] 02/10/2018 07:29

INteresting article this morning (can't find source article though) in Irish Times

Ends with ...

"The step-up in the deployment of domestic renewable energy sources as outlined in the NDP is of relevance in not only diversifying energy types but in reducing dependency on energy imports – notably fossil fuels. Potential exploitation of another gas field after the depletion of Corrib Gas would also help diversify energy sources and reduce dependency on imports."



Also some background research reveals all is not well with plans to build LNG terminal in Cork.

[tommy241] 01/10/2018 20:25

Brent now over $85.

Wonder when we will hear about EOG's increased production / revenues? Does this require funding? Have the taps already been opened up? How much additional oil can we achieve per day?

Answers on a post card...

[jusmasel99] 26/9/2018 08:40

I should also mention that the planning inspector is not bound to call a full enquiry so the appeal process could be shorter.

[jusmasel99] 26/9/2018 08:39

So that probably takes us to July next year to have the appeal heard if all goes the way it did last time.

The only caveat is that surely the Council legal team will have to advise on chance of success which this time around should be close to zero given that our application meets all the criteria set down by the inspector last time around.

Our only chance of success in November is if our representatives at the planning committee meeting put forward a pragmatic approach outlining the financial consequences of rejection.

Worst case scenario then is production starting late next year (in the aftermath of Brexit)

[currypasty] 26/9/2018 08:11

November it is then!

[jusmasel99] 26/9/2018 08:10

Wressle not on agenda for next week due to late arrival I guess of consultation replies from EA and Archeology neither of which object.

[christy41] 25/9/2018 12:12

Providence on Proactive just now....

[currypasty] 25/9/2018 08:29

from pet results today
"Petrel's Joint Venture with Woodside Energy is now focused on the key FEL 11/18 - the "filet mignon" of the Irish Atlantic Porcupine Basin, located only 150km southwest of Kerry/Cork. There are a wide variety of potential drill targets, especially of mid-depth of late Jurassic / early Cretaceous age. The processed seismic data has been delivered to the operator, which is now working up drill targets"

[jusmasel99] 24/9/2018 14:33

Interesting article from 20 years ago ...

[jusmasel99] 24/9/2018 07:05

Could get word on Wednesday for agenda next week meanwhile Oil is trading over $80 a barrel ..

[currypasty] 21/9/2018 11:29

any ideas when we will go before the planners for Wressle?

[jusmasel99] 21/9/2018 11:23

TOR confident that Nexen will be drilling next year ...
"Nexen-CNOOC currently ramping up to drill the analogous Iolar pre-Cretaceous prospect in the adjacent licence in 2019."

[bountyhunter] 20/9/2018 14:59

That's blown it! ;)

Anyone else here hold SDX - if so have you seen the reverse takeover of BP assets news? (shares suspended pending admission document, now where have I seen that before!)

[dunderheed] 20/9/2018 10:45

Right then, whilst we are here shall we have a competition as to how many farm ins there are going to be announced at end of October?

Jussy had already told us all of a banged on 100% certain Corrib deal (with a farmed in well) which 'should' have been signed off already so I'm assuming this will be his starting point?
Me, I'm going for one interested party who they are continuing negotiations with on one unnamed block and much much additional interest and discussions with loads of excited expectations?

All imho of course and would so love to be proven wrong!!

[currypasty] 14/9/2018 11:03

Final results next month..


here were interim numbers..

"Financial performance
* Revenue GBP0.8 million (H1 2017: GBP0.8 million)
* Pre-tax loss of GBP0.5 million, (H1 2017: pre-tax tax loss of GBP0.2 million)
* Net cash from operating activities GBP16k (H1 2017: cash used GBP0.3 million)
* Cash balance at 31 January 2018: GBP2.3 million (31 July 2017: GBP3.6 m)"

[gerryjames] 14/9/2018 09:32

The value of any Irish discovery will be reliant on the 4 billion dollar Corrib infrastructure. It would make sense for any new owner, Shell selling it's interest, to farm-in. This could greatly extend the life of Ballinaboy. If the trillions of gas are recoverable. And make this look very cheap ATM.

[dunderheed] 14/9/2018 08:38

Ah good this is my 'signal' to sell then lol!!

[currypasty] 14/9/2018 08:29

EUROPA OIL AND GAS HOLDINGS

Last Signal: STAY LONG

Last Pattern: NO PATTERN

Last Close:

4.4000

Change:
+0.1500

Percent change
+3.53%


Signal Update

Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 12/09/2018, 1 day ago, when the stock price was 3.9550. Since then EOG.L has risen by +11.25%.

[currypasty] 13/9/2018 14:26

Buying 20,000 EUROPA OIL & GAS(HLDGS) ORD GBP0.01 shares

A firm electronic quote is not currently available for your order

You can send this order without a price limit by clicking the 'Place Order' button below, or alternatively click 'Amend' to go back and specify a limit price


Indicative Price £0.045



no buy quote online for 20k

[currypasty] 13/9/2018 12:33

thanks Jus, very encouraging!

FB, of course I agree with you, but you have to start somewhere, and having a 'mega prospect' (4.3 billion BOE total gross mean un-risked prospective resources) should get us noticed!

[jusmasel99] 13/9/2018 12:25

Probably not Mr CP ... the fact is we have probably the most number of high impact prospects in the Porcupine basin .. Of course not all of them will attract a farm in but the more you have the more likely it is that at least one will eventually secure a partner of the major kind. EOG carry the flag for all junior E&P companies , obtaining the licence and doing the donkey work of seismic interpretation so that the majors can pick and choose at a later date as when it suits them not us.

Bay du Nord is going ahead with a multi billion dollar investment for what is only 300 million barrels of oil at present. The porcupine basin is analagous to Bay du Nord in a less hostile environment with more encouraging fiscal terms. It is of interest and investment to most of the majors many of whom as analysing their own seismic at present. More wells will be drilled. The increase in Oil Price makes it even more attractive and will surely be encouraging further investment in the basin by majors - maybe even ones that haven't got a stake already.

Any farm in now carries a well commitment so decision making will be at a higher level in the organisation - could be soon though as they have had plenty of time to look at what we have. With a carry on a well not just additional seismic our share price will rocket for sure.

And of course even without a farm in at present we will certainly have Wressle to look forward to once that clears through the appeal process. Surely Wressle will double our share price from here .. with the prospect of multi bags from a farm in in Ireland .. risk free investment at these levels in my opinion but patience still required.

Do your own reseacrh but I think you will come to the same conclusion as I have.