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

[currypasty] 08/6/2020 08:43

Dunders, stock market looks forward not back

[dunderheed] 08/6/2020 08:38

Curry how can you say that?
The nearest thing we have to value Wressle should surely be what has just been paid?
If you're correct why on earth haven't our directors done the same then?

[tommy241] 08/6/2020 08:37

Even after UJO buying (distressed) Humber’s stake in Wressle, EOG will still have a more production due to EOGs existing production.

UJO have to pay over £2mil in debt financing (£1million historic and the further £1million announced today).
No debt required for EOG.

UJO also have to pay 2.5% Net Profits Interest whereas EOG do not.

EOG also have the possibility of using existing production capabilities to operate at Wressle, thus bringing EOGs costs down further and increasing profits.

[oilforex] 08/6/2020 08:22

This has got to be pretty seriously undervalued now?

[currypasty] 08/6/2020 07:59

spangle, cant see that myself.. sell the lot first?

[dunderheed] 08/6/2020 07:54

I believe a figure similar to this was foretold on post 9552?!

[dunderheed] 08/6/2020 07:50

So good I said it twice lol.

[dunderheed] 08/6/2020 07:50

I think my guestinate was as good as damn it what was paid.
Do you not agree?
I have no idea what are the reasons for Humber selling bro?
How about recognition of the accuracy of my prediction M?
Lol.

[mesquida] 08/6/2020 07:47

Another point Dunderheed, I gather that the party selling to Union Jack is a distressed seller, so one could probably factor up the £4 m imputed value somewhat.

[spangle93] 08/6/2020 07:45

Curry, o/t
I must still be asleep; I dreamed I read that DB was talking about using a debt facility??

[mesquida] 08/6/2020 07:45

Dunderheed, are you referring to this morning's RNS from Union Jack Oil. If so, can you explain the comment about electricity sales.

[dunderheed] 08/6/2020 07:39

Well there's the value of Wressle sorted then.
I was being VERY generous in my previous estimation but pretty accurate all things considering?

[tommy241] 07/6/2020 20:48

Rock on indeed Suet :) Aramco have also released numbers for July:

“ With China’s demand for crude now rising, the Saudis are raising prices. The month-on-month increase in the official selling price for flagship Arab Light crude to Asia, which accounts for more than half of Saudi oil sales, is the largest in at least 20 years. Aramco raised Arab Light to Asia by $6.10 a barrel to a premium of 20 cents over the benchmark.

It raised July pricing for all grades to Asia by between $5.60 and $7.30 a barrel. That compares with an expected increase of about $4 a barrel, according to a Bloomberg survey of eight traders and refiners.”

[suetballs] 07/6/2020 20:19

Rock on Tommy!
Suet

[tommy241] 07/6/2020 19:44

$70 Brent anyone?

[tommy241] 05/6/2020 15:38

Now over $42 Curry :)
Considering OP was $14 when EOG announced cost saving incentives, I’m surprised the share price hasn’t risen, even without the additional revenue of approx $2.3million coming from Wressle production in the coming months.

[currypasty] 05/6/2020 11:45

oil over $41, Wressle in this half year.. yet no one interested

[suetballs] 05/6/2020 10:58

Most oilies moving nicely - ah accept eog!
Will this dog have its day?
Suet

[tommy241] 04/6/2020 08:12

Angus McCoss for CEO?

From PVR RNS:

“Dr. Angus McCoss, one of our independent directors has decided to
re-enter industry in an executive capacity and will not be standing for
re-election at the AGM. Angus has served the company since June 2017,
helping to transition and stabilise the business in recent months. We
wish him every success in his new venture. Angus will remain in position
until the AGM on July 20 2020 when he will stand down as a director.”

[suetballs] 02/6/2020 10:30

Tommy this does look cheap / good value.
However not on the radar currently - peeps are making a lot of dosh elsewhere.
Suet

[tommy241] 02/6/2020 09:54

Brent now above $39 equating to Wressle profit of approx £1million....
Add in existing production and possible shared costs across existing sites and Wressle, combined with salary cuts and lower overheads, then surly EOG stand to make approx. £1.5 million annual profit prior to possible increased output at Wressle.

[christy41] 01/6/2020 12:26

Like the rest of us....not very

[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!