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

[jusmasel99] 25/10/2019 07:33

The inquiry starts on the 5th November. I would have to think at the very outset a statement would have to be made by the inspector about what the likely outcome is to be in order not to waste time and money discussing what are after all settled facts between the two parties. What does need to be discussed are the planning conditions and if these cover the concerns of the previous planning inspector. The most serious of these was the issue of the membrane and the ground water monitoring report. If Egdon haven't covered these properly (they are proposing to put down a completely new membrane) than we all might as well sell up and move on.

So I am expecting to hear enough news on the first day to make it fairly certain that the appeal will be successful and also that the length of the inquiry will be shortened.

Given the state of the market at the moment I wouldn't dare to put an expected share price on a positive outcome but one material result straight away is that it moves our 30% interest in Wressle into a very saleable commodity. Also have to remember the longer term potential as well with the other zones still to be tapped into.

And of course all the associated positive newsflow associated with getting the site ready for production and then the flow rates achieved.

[manc10] 24/10/2019 17:04

5 or 6p wait for 1p deluded troll anybody seen enfranglal this is worse than hur

[enfranglais] 24/10/2019 15:34

Good news Jus & should be good on it`s own for a re-rating to 5-6p by early December?
No holdings rns recently, so the large buys may well have been new investors?
Now hoping that both EOG & HUR re-rate in the new year!!!!!!

[jusmasel99] 24/10/2019 11:44

Wressle planning inquiry documents now uploaded on NELincs website . A few comments from climate change folk but they should really keep up to date with government thinking on that one . Climate Change is not a consideration for Planning Inspectors they say.

Very clear from evidence submitted that NELincs and Egdon have agreed on allowing Wressle to go ahead subject to the conditions they have agreed upon.

[gunsofmarscapone] 23/10/2019 14:01

Now this is not the end. It is not even the beginning of the end. but it is, perhaps, the end of the beginning.

LTH’s may disagree.

[gunsofmarscapone] 18/10/2019 14:02

A very positive sign Jusmasel, in fact it is rare indeed for an industry specialist journalist to disclose holdings.

[jusmasel99] 18/10/2019 07:48

All very strange - huge volume on no real news - no ramping going on on twitter - no new faces appearing on the BBs - could it be a leak from a farm in partner?

[tommy241] 17/10/2019 17:13

2 more big buys delayed from yesterday just appeared....

[dunderheed] 17/10/2019 13:05

They should have the same reaction given to the boy on the train at Canning town this morning - f'ing idiot.
Cant imagine what would have happened to him when Canning town was a rough area lol!

[jusmasel99] 17/10/2019 12:53

Well accumulating quite a holding then and that size would be hard to shift on the open market without serious good news. Wressle really does look like a done deal. The environmentalists will be out in force no doubt but the Government has said that climate change considerations are not part of the remit of the planning inspectorate. Not that the Environmentalists will understand that part.

[gunsofmarscapone] 17/10/2019 12:43

Adna given that farmout valuation is risked and Wressle is not then in the success case at Inishkea and of course dependent on the farmout deal structure then those valuations on the clips do look very conservative.

Looks strongly like an accumulation attempt this week, in auction soon imvho.

[adnatrob] 17/10/2019 12:30

Looking good, my summary of recent CEO interviewFinancial perspective healthy- £1.7M sales, £2.9M cash- Wressle to increase sales to c. £4M- Wressle all profit, current sales cover operating costs.- Wressle capable of producing more than the 500 bopd stated, constrained only by surface equipment.- Inishkea, renewed interest following recently stated Irish Gov position that gas will be part of energy transition- The major plus another showing genuine interest in farmout - Drill readyMorocco- First phase costs covered- Early interest in farmoutCEO expectation is double digit share price on granting of Wressle planning permission and Inishkea farmout

[currypasty] 17/10/2019 11:32

if nothing else, wressle should help our bombed out price

[enfranglais] 17/10/2019 11:26

Pressure building - let`s hope it is now ready to EXPLODE!!!!!!!
Now the excitement is over, will be interesting to see if there is a holdings rns out shortly & we can find out not only who bought but also who sold the shares over the last few days? Only needs one item to come through & we should be at least back to the 6p default from the fund raise, which will not be enough for most of us "old timers" but a large percentage rise for those that have recently bought in!!!!Grrrrrr!!!!!

[brasso3] 16/10/2019 17:57

Not looked in here in a while.

I was surprised to see Hugh Mackay is still at the helm after all these years. I went to his first investor event as EOG CEO at the Mayfair. That was a long time back.

[currypasty] 16/10/2019 17:01

double digit

[jusmasel99] 16/10/2019 16:43

Best interview yet - helps that the interviewer is also a shareholder.

Best quote "competitive tension" between potential farminees for Inishkea.

News soon?

[cheek212] 16/10/2019 15:44

Someone bought 8m shares!

[jusmasel99] 16/10/2019 15:07

Something is happening that's for sure. 2 per cent of the company in one trade!

[rogerlin] 15/10/2019 21:27

This old piece (2017) looks optimistic now, largely because Druid/Drombeg and now Iolar were dry. If Iolar had been a Lisa things would be different. It's easy for politicians to renounce future drilling in the Porcupine if nothing is found. No news on Woodside's well anyway but Exxon, CNOOC, Equinor and ENI all still have licences. Swallows on the horizon surely, not just midges.

[currypasty] 15/10/2019 16:29

high volume today... delayed reaction to that 'awesome' interview?

[dunderheed] 15/10/2019 09:25

Tommy wtgr how many time have we heard those famous words "already interest in FO"?!
With Tony you were always buying into a 100% Irish play.
When Hughie started this was certainly NOT the case.
Until we hear different this is what it has become. Morocco could come good but at what "cost" to (longer term) share holders?
We can't keep on "averaging down" (like the BOD appear to) do with confetti options at "low" prices essentially driven by their own under performance?

I wish everyone best of luck but how about a few more probing questions in these "video adverts" regarding what has been said before and relative delivery compared to that?
Best of luck all and as ever imho!

[tommy241] 15/10/2019 08:46

Hermana3:

I’d rather a “Hughie” as you say, than a “Tone” from PVR - Taking the share price from 700p to 4p? (next stop the administrators?)....

In my opinion the interview with Hugh was positive.
*Revenues to be boosted to £3.5 - £4 mil (up from £1.7 mil) on the back of success at Wressle.
*Inishkea creating more interest and surly will lead to a FO (with back costs).
*Morroco, already interest in FO.
*EOG screening for shorter term appraisal projects.

[dunderheed] 15/10/2019 07:46

How long has he been doing a Hughie now?
After all this time and talk what has he actually achieved?
Sold a load of assets and can only really talk about one of the last he inherited (the rest being sold or given away chasing this Irish dream) having the most certainty regarding adding value?
Let's hope this Inishkea asset comes to something soon? Then hopefully we can return to an equivalent share price level (taking into account the confetti placings) before he arrived, although that will mean really significant "baggers" from this lowly price.
Best of luck all and as ever all imho.