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

[enfranglais] 17/6/2020 17:58

Say that to my dentist!!!!!!! ;-(

[guesswhosback2] 17/6/2020 13:14

and gaps usually get filled

[tommy241] 17/6/2020 12:52

Guys, best of luck with your top ups :)

EOGs share price gapped down from around the 2.5p area on announcement of the oil price war, and subsequent crash.

Since then there has been a recovery in OP to $41, with Wressle production close.
Without mentioning further developments offshore Ireland and Morocco.

With Simons Oddie’s steady hands at the wheel, what’s not to like?

[luchan007] 17/6/2020 11:18

Thanks Curry,

nice little info pack for me there. Appreciated.

Luchan.

[currypasty] 17/6/2020 10:43

The benchmark crude oils are Western Texas Intermediate (WTI) traded on NYMEX, (New York Mercantile Exchange )Brent traded on ICE and the Oman Crude traded on DME. The WTI and Brent are considered sweet crudes and come primarily from the Central US and North Sea region respectively. The Oman Crude mainly comes from the Middle East region and is considered less sweet compared to WTI and Brent


so the brent crude price is probably more applicable to us, albeit the price trands will be the same. Actual prices we achieve will vary depending on contract, quality of oil etc etc.. If you look in the accounts they give you production barrels are prices achieved overall, you can compare with oil price charts of the period.

[luchan007] 17/6/2020 09:57

Chaps,

oil price, do we go off Brent Crude price or NYMEX?

Luchan.

[currypasty] 17/6/2020 08:52

200 bopd at $40, with $17 cost

[guesswhosback2] 17/6/2020 08:38

I bought a few more too curry. The price is bombed out for a company who will soon be selling 200bpd and with a few big company chances in the background.

[currypasty] 16/6/2020 13:03

1.1475 are buys btw


edit, because ive bought some more... one day eog, one day

[johnwise] 16/6/2020 10:04

Climate Change Scam Update..

Video: The truth about global warming


VIDEO: A Dearth of Carbon Dr. Patrick Moore


VIDEO: IS GLOBAL WARMING A SCAM?


VIDEO: European Parliament Told 'There is No Climate Emergency!'

[tommy241] 15/6/2020 18:58

So that’s Shannon LNG project ruled out and NEW licenses for exploration and extraction of gas

All eyes on existing gas licenses next to existing infrastructure....


(Page 36 on the below link click on Programme for Government)

[luchan007] 15/6/2020 14:14

I suspect it was "not able" as there was an inference on doing everything on a tight budget …

I am referring to paying for the Irish licence on mainly a NPI basis with nominal fee up front, a good choice of business practice but probably out of necessity. I hope with 150bopd added to the coffers the mindset should shift to looking up additional bopd if the price is right. A placing post Wressle news would be helpful if those funds were seen to be used to enhance EOG turnover.

Luchan.

[dunderheed] 15/6/2020 13:59

Yes surely EOG must have known they were selling hence are not interested or able to pay similar for such a distressed sale?
I did wonder like...

[luchan007] 15/6/2020 13:48

It looks like drill partners will be sitting on their hands and watching and waiting to see how the market unfolds as SO said over coming weeks and months.

I just wonder whether when the share price rises on Wressle production start they may raise cash then at a higher share price UKOG bought the Humber stake in Wressle there must be similar opportunities about for distressed sellers in the O&G market.

Luchan.

[dunderheed] 15/6/2020 13:38

Well for crying out loud I hope they don't divest any more of their more "proven" assets for pie in the sky G&G work. (Inishkea and new Corrib related exploration asset aside of course).

[luchan007] 15/6/2020 13:23

Unless there is something else afoot at Wressle ahead of first production?

Luchan.

[currypasty] 15/6/2020 13:16

a farm out deal most certainly is material and would have to be rns'ed without delay

[luchan007] 15/6/2020 13:15

I suppose you have to ask what is "material" and what isn't. Maybe a farm out deal is news but not "material" in his view as opposed to drilling results, interims - finals etc..

But I do see your point.

Luchan.

[dunderheed] 15/6/2020 13:07

What concerned me was that he appeared to imply the next "material" news would be related to Wressle hence I am inferring no news form Ireland and Morocco (LOL) until at least year end?
All imho of course.

[guesswhosback2] 15/6/2020 12:22

1.2mTCF is something to shout about for sure!

[currypasty] 15/6/2020 11:38

If Morocco is so great, he need to get those facts out.. and by proper means, not a proactive interview..

[guesswhosback2] 15/6/2020 11:23

That was a lonnnnnnnggggg chat but fairly useful.

[currypasty] 15/6/2020 09:34

you would think after that thrilling interview, directors will be rushing to buy shares in the market

[currypasty] 15/6/2020 09:03

cheers

heres the link



or