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

[christy41] 13/3/2020 13:55

Thanks Tommy...

[currypasty] 13/3/2020 13:53

"Europa’s search for a new CEO continues "


sounds like the apprentice

[tommy241] 13/3/2020 13:49

Finncap:

Europa Oil & Gas

Board changes announced

Europa has beefed up its Board to help it pursue lower-risk appraisal opportunities to fulfil its ambition to develop a third leg to its current portfolio. Europa is due to report interim FY 2020 results on 14 April, where we expect an update on the Wressle development timing and progress; we currently expect this field to come on-stream in Q3 2020. Europa has been unfortunate with its timing on this development; after finally winning development approval, oil prices have collapsed. Still, we estimate this asset has a breakeven below US$20/bbl and even in the current environment will deliver valuable free cash flow.
Board changes. Europa has appointed Stephen Williams, Co-CEO of Reabold Resources, as an independent Non-Executive Director (NED) to replace Roderick Corrie, who is stepping down from the Board after 12 years. Brian O’Cathain, who joined as an NED in January 2018, has been appointed Senior Independent NED.
Pursuing a third leg. Mr. Williams brings with him significant experience in raising capital and building a diversified portfolio of oil and gas investments in multiple jurisdictions with Reabold Resources. His experience will prove invaluable to Europa as it looks to develop a third-leg to its portfolio, focused on lower-risk appraisal opportunities.
Wressle a low-cost development. The Wressle oil field development via a single well is on track for start-up in Q3 2020. Capex for this development is minimal (~£0.4m net) as the well has already been drilled and just needs to be completed and hooked up. Operating costs are also low (~US$7-10/bbl), which means at the field level the oil price breakeven is below US$20/bbl. This will deliver important free cash flow to Europa even in the current weak oil price environment.
Gas is best. Coronavirus alongside the current oil price war is not conducive for the farm-out market as oil companies grapple with preserving cash and cutting costs to protect their balance sheets. Having said that, Europa’s flagship farm-out asset is the Inishkea gas prospect in the Slyne basin, adjacent to the producing Corrib gas field. This gas opportunity should be relatively unscathed by the current oil price collapse, especially as it is an important opportunity for Ireland, which can replace declining gas volumes from the nearby Corrib field.
New CEO search. Europa’s search for a new CEO continues but is well advanced. Europa is looking for candidates with diverse experience, including in M&A. A long list of 45 candidates is currently being distilled down to a short list for the role

[spangle93] 12/3/2020 07:50

Just wondering...

Is the field named officially changed to Flagship-Inishkea

Cos you never see the second word without the first

[fardels bear] 11/3/2020 16:31

Time for your pill, mr curry.

[jusmasel99] 11/3/2020 16:30

I splashed some more cash here this morning. Apart from the European Wholsale Gas price at the moment, Inishkea is still a strong opportunity if only from an energy security point of view.

[fardels bear] 11/3/2020 16:18

I was going to say it's a game of two halves but this isn't. It's more a form of chinese water torture.

[enfranglais] 11/3/2020 16:16

Nothing stranger than a cross dresser with an age identity crisis!!!!!!!!! Except me topping up on a share & it rising :(0

[grannyboy] 11/3/2020 12:51

The last time i posted on here(several months ago), previous to my recent post, the same thing happened, the share price spiked up.. I do find it strange..

[christy41] 11/3/2020 12:24

Keep posting here then...:)

[grannyboy] 11/3/2020 12:20

It tends to be in response to when I posts on companies that are floundering and going no where fast, until I happen along and post my thoughts, it happens when I posts on the MIN thread for one ... It's as if the mm's go on certain companies threads and wait for someone to come along and state the obvious, and just to prove them wrong the mm's spike the share price up .. It never works for the shares i'm invested in .. I do find it strange..

[currypasty] 11/3/2020 12:01

up 25% whats going on?

[currypasty] 11/3/2020 09:37

460k buy (not me) wressle update must be due soon

reminder..

Licence PEDL180
Europa interest 30%
Partners Egdon 30% (operator), Union Jack 27.5%, Humber Oil & Gas 12.5%
Area km2 60
Basin East Midlands
Play Carboniferous (conventional


this was EDR RNS 26 February

Our current focus is on the Wressle field development, where we are working to discharge the planning conditions ahead of commencing site works. We will provide shareholders with a detailed update on Wressle and the Biscathorpe project following Joint Venture meetings in the coming weeks.”

[grannyboy] 10/3/2020 15:55

Topped down you surely mean? After buying from the 8p level.. I made money in these about 10 years ago, not touched them since, and still nothing to encourage me to change that tact.

[fardels bear] 10/3/2020 15:51

Shoulda woulda coulda kept the pub.

[enfranglais] 10/3/2020 15:40

Topped up at 1.09, so proves i am MAD!!!!!!!!!!!!

[dunderheed] 09/3/2020 12:13

Getting to my £4.5-5MM mkt cap now but in these "conditions" I aint touching it with a barge pole!

I think I'm down about £1.3MM on portfolio!
But as they say c'est la vie!

[currypasty] 09/3/2020 11:07

under £5m mcap now, and wressle update round the corner

[dunderheed] 03/3/2020 10:24

enfranglais - a little more than silly one liners regarding massive expected percentage increases buddy - but there you go we live in a democracy!
Sorry you are so underwater - but again I ask - you refer to "management" of this company - who or what on Earth were you actually referring to?

[enfranglais] 03/3/2020 10:18

Well named - What do you expect from a BB poster m8 - facts?
Still have some bought at 8p, 6p & 3.9p, so well under water myself, so even 250% would not see me back to par!!!!!!!!!!!

[dunderheed] 02/3/2020 23:58

FB just f'ing option money now geyser.
Still could come to "something" as well?