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

[dunderheed] 23/11/2018 13:07

Spangle93. Short answer no, lol.

[spangle93] 23/11/2018 13:02

I had an email from Hargreaves Lansdown today to advise me of the opportunity to participate in the open offer. Given that the share price is currently that of the offer price, I guess the only advantage would be no dealing charge, and not suffering the spread.

Nonetheless, I'd need some pretty compelling reason to invest, such as Wressle clearing all hurdles, or some concrete farm in conclusion. Morocco - Really? Otherwise surely it's just money to prolong the status quo of not getting anywhere. Nothing will change until a larger partner bites, and that's not within the company's control. The recent fall in oil price isn't adding to offshore or deepwater sentiment.

Does anyone have strong reasons to take up an offer at market price, other than not wanting to dilute their holdings.

[bountyhunter] 22/11/2018 13:01

A little light reading while we wait for this to multibag

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[dunderheed] 22/11/2018 10:35

Minfeus I was in pci briefly and amazingly got out wuth small profit.
The directors conduct in defence was appalling imho.

[dunderheed] 22/11/2018 10:34

Hang on let's get some realism here.
Everyone knows I am absolutely no fan of eog mgt structure however from my viewpoint I am "happy" where we currently are IF it is true about the farm down details.
I think we should give them until end of January latest.
I am personally pleased that they have provided good publicised detail as to where they are and am happy they appear to have a really interested party.
I can only assume the placing is to either do work which will be back costed or will be reflected in their retained equity post farm down?
If no signature then this will be pretty bleak and I'd expect mass resignations as am NOT AT ALL interested in Morocco!!
All imho of course.

[minfeus] 22/11/2018 10:13

I was in PCI, what a debacle that was and a huge wasted opportunity, which is why my heart sank {even further} on learning O'Caithin was appointed here to top his pension.
I will not buy into any more of this Company and frankly wish it had never come to my attention in the first place 5 or 6 years ago.

[dunderheed] 22/11/2018 10:07

Were u in pci gwb2?

[guesswhosback2] 22/11/2018 09:57

I think EDR are the ones to follow. They have a lot acreage. Seems they are happy to persue Wressel rather than give up like this lot. But no worries we are now in Morocco, we have lots of experience there Im sure.

[currypasty] 22/11/2018 08:36

not sure yet, lets see how things pan out the next week or so..

nice to see EDR up 13% on wressle news.. how about us? oh I forgot, weve just been hit by a 50% dilution at a 50% discount for in part more fluffy dreams

[guesswhosback2] 22/11/2018 08:12

You getting more curry? I havnt seen anything to apply? I guess the notice sits with my online brokers?

[guesswhosback2] 22/11/2018 07:59

What are the terms of the open offer?

[dunderheed] 22/11/2018 07:50

Coincidence.

[tommy241] 22/11/2018 07:45

Wressle approval would no doubt result in more takers for the Open Offer. Coincidence or good planning?

[bountyhunter] 22/11/2018 07:39

Here we go again, let's hope for a positive outcome this time given that concerns are said to have been addressed and the recommendation from the planning officer.

[guesswhosback2] 21/11/2018 08:59

Curry - good point. Maybe putting in more effort and attending decisions on Holmwood would have been more profitable.

[dunderheed] 21/11/2018 08:38

Well they need something do when they finish 're 're 're 're 're working the g&g in Ireland?

At the end of the day if this talked about 3 well farm out does not happen then I think we will have been really conned.
Let's just HOPE this isn't (what has become) the usual EOG "talk"?
All imho of course and dyor all.

Is anyone going to the presentation either today or tomorrow?

[currypasty] 21/11/2018 08:29

why was he even looking for another project?

[dunderheed] 21/11/2018 08:26

Absolutely but Hughs spotted something again, of course, LOL.

[rogerlin] 21/11/2018 08:22

Offshore Morocco I recall drills by Cairn (Foum Draa), Genel/Serica (Sidi Moussa) and lately Chariot (Rabat Deep), all dry. Doesn't set the pulse racing.

[currypasty] 20/11/2018 20:22

Wressle update (via LSE board):
'Planning officers conclusion:

As assessed in the sections of this report above it is considered that this new application
addresses the concerns raised at the public inquiry and that, as a result of the additional
ground investigation, site reconfiguration and improved pollution mitigation and water
monitoring arrangements, the reasons given by the Inspector for dismissing the previous
appeals have been overcome. This conclusion is confirmed by the external technical
experts (JBA Consulting) employed by the Council to carry out a robust review of the new
application and its potential environmental impacts.
Having assessed the proposed development with respect to both development plan policy
and other material considerations to which the authority must have due regard, whilst the
objector expressed concerns about the potential adverse impacts of the development are
both acknowledged and understood, it is considered that there are no material adverse
impacts of the development that would significantly and demonstrably outweigh the
benefits and therefore, in accordance with paragraph 11 of the NPPF, it is recommended
that planning permission is merited.
RECOMMENDATION Grant permission subject to conditions'



Egdon have also been tweeting about it today:

[jusmasel99] 20/11/2018 19:07

More drivel DH? One day I will un filter you and have a look but too busy now