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

[dunderheed] 01/6/2020 12:16

Well you're probably right - just wondering how happy they'd be now?
Best of luck all - orf "out" now!

[christy41] 01/6/2020 12:09

BGF for example took part in both placings at 3p and 6p so they must of been fairly happy at the time.

[dunderheed] 01/6/2020 12:05

Why - they didn't while Hugh was in charge - to our "knowledge" anyway?
Surely wtgr this was the best time to "exert pressure" - prior to the confetti?

[christy41] 01/6/2020 11:58

Surely some of the major shareholders must be exerting a bit of pressure now on the board.

[dunderheed] 01/6/2020 11:46

Mine was similar view re production profiles but the 2p plus 2c aint that great at 2.1 MM bbls?
But it is literally stick your fingers in the wind - as I say I don't know - apart from partner wanting economy of scale who would really be interested in that - with the kind of production assets on the market at the moment - I totally accept the div distribution idea - me - I'd get rid of BOD put a good industry experienced accountant / lawyer in charge (for what 2 days a week contract - £500 a day?) re-capitalise and distribute all possible profits via divs.

Do you really think that's going to happen after the ridiculous G&G dream chaser Hugh was "allowed" to do what he did (let's face it the whole BOD are accountable for this - not just confetti Hugh) - basically dilute beyond recognition a relatively well run and assets diverse company - and now they've got (after much fanfare and drum rolls ahem) Morocco - (really) lol?!

It used to make my blood boil when you got (to be quite frank idiots who didnae know what they didnae know) non o&g types shout down anything Paul C may have had to say with regard to EOG - as sour grapes - f me who are the numpties now - lol?!

All imho of course, dyor and no investment advice intended.

[christy41] 01/6/2020 11:35

Thanks Curry..

[currypasty] 01/6/2020 11:26

I would be a bit more optimistic as the 500 bopd is a cap agreed with council, and is thought and commented on that it could be double that.

Oil is looking stronger, and a sale would be based on longer term prices not spot.
My humble opinion would be a cash value of at least our current mcap, equating to more than a penny a share..

Hence my view of give us the penny back, and run the rest of the company on care and maintenance until/ when Irish assets come into play.

[christy41] 01/6/2020 11:22

Cheers DH...

[christy41] 01/6/2020 11:08

Curry/DH...in this market what do you think Wressle would raise?

[dunderheed] 01/6/2020 09:53

Curry look at the new team and their relevant experience/ connections.
I'd say Morocco was their "contribution" to this "mess".
You must be familiar with the incredibly embarrassing PCI debacle?
Some cynics may say they over estimated the markets appraisal of their "asssts"?
Hope they don't do that again here.
All imho and dyor.

[currypasty] 01/6/2020 09:45

With Brent looking a lot better and the world slowly getting back to normal, now would be the time for any mergers or sales in the micro cap oil and gas sector..

Id be happy with EOG selling Wressle, and paying out a dividend. Then cutting overheads even more and just wait in case of Irish asset interest. Morocco is surely a complete distraction, what was Hugh thinking?... imho

[tommy241] 01/6/2020 09:39

Brent now trading at $37.5.
Great help to existing production revenues and new production revenue at Wressle later this year

[christy41] 29/5/2020 09:10

Things appear to be moving at PVR...Spot On energy making another payment yesterday. Will be interesting to see who the consortium is made up of.

[dunderheed] 27/5/2020 23:05

Isn't it incredible that the mess created by the last BOD makes companies like UJO with their respective "mgt" seem a better proposition?
I'd never thought I'd say, that with hindsight, I'd have preferred to invest in a Brammers vehicle than that of a company I actually chose to invest in, in the first place lol!

[currypasty] 26/5/2020 16:43

it does seem daft these two bit companies with shares in same project drifting along.. with high overheads in egdon case..

perhaps a kind soul will buy us out for wressle. 5p a share (dreaming)

[ohisay] 26/5/2020 16:37

Why not an Egdon/Europa merger?
Similar market caps - circa £5m each/Similar employee no's (11/13).
Similar assets these days with Europa in all probability out of Irish Oil.

Must be some significant savings to be made - HO/employee rationalisation.
Times have moved on....so should they.

[currypasty] 26/5/2020 10:34

market makers reluctantly moving bid up now

still cant buy any decent amount

seems cheap now on wressle, with Irish assets a free punt

imo

[jusmasel99] 21/5/2020 13:48

Irish Offshore Operators Association and Tom O'Brien of Nephin Energy are doing all they can to promote EOG without actually naming the company.

[currypasty] 21/5/2020 11:07

market makers not interested 0.2 spread on 0.9 mid is pathetic

[christy41] 21/5/2020 10:37

Looks like you may have timed it well Tommy, can't even buy 25000 on Barclays so far this morning.

[tommy241] 21/5/2020 09:44

Thanks Curry, I hope so too!

Wressle production together with existing production and an increase in OP, will make a 4mil mc look very cheap here.
Especially against EOGs reduced running costs, which were already low before recent salary cuts, and not having to pay a CEO salary for the period.
I wouldn’t be surprised if EOG look at sharing Wressle costs with existing production capabilities (Crosby Warren and West Finsbury) as they are both in close proximity to Wressle and thus bringing EOGs costs down further.

It appears that the market has given up on Inishkea. However EOG and possible farm in’s just need clarity on the political situation which (hopefully) should be soon.

Interesting read, and the connection between GP leader Eamon Ryan and Corrib.

[currypasty] 20/5/2020 12:42

lets hope you make a packet on that buy!

It does seem that some pi's have just given up on eog, and not looking at the value of wressle, as a cash cow, or sale, with the rest of the projects as a wildcat punt