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

[suetballs] 26/3/2020 12:27

Dund - good one !
Suet

[dunderheed] 26/3/2020 12:15

You thinking it's still too high Curry?

[currypasty] 26/3/2020 10:41

mcap now just £3.1m

[enfranglais] 21/3/2020 17:12

The world has gone mad & it looks as though the EOG share price has not escaped the madness!!!
Getting down to available cash which should be in the order of £2.5m by now & although the Wressle development will not provide the profit we were hoping at the current op, they should at least be covering all overhead as soon as the pumps start!!!!!!!!!!

[christy41] 18/3/2020 11:07

David Bramhill talking about Wressle and cost per barrel

[currypasty] 18/3/2020 08:38

This follows work undertaken by
Egdon to update its economic model to reflect recent events in the oil and gas
markets. The results of this work show the Project has an estimated break-even
oil price of US$17.62 per barrel.

On current plans first oil at Wressle, in which Europa holds a 30% working
interest, is envisaged during H2 2020. Under the development plan, Wressle is
expected to commence production at an initial gross rate of 500bopd, which
would more than double Europa's existing UK onshore production to over
200bopd.

[ngms27] 18/3/2020 07:15

Agreed, cut cost to the bone and survive

[suetballs] 18/3/2020 07:12

Don't bother about raising capital - get Wressle on stream and get a few bob in the bank. Survival here in the short term is what it's all about.
Suet

[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..