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

[currypasty] 28/8/2020 09:22

EOG £5.65m 470m shares
EDR £8.04m 328m shares

plus options of course, cheap give away options that is

[dunderheed] 28/8/2020 09:13

Aren't there (significantly) more Huey "confetti man, (dream chaser, whilst getting rid of the "better" assets (so we can concentrate on the world class (exploration) portfolio)" EOG shares in issue, than at EDR Curry?

[currypasty] 28/8/2020 08:26

"According to a note by WH Ireland, Wressle should be worth around 1p share to Egdon "



should be similar for europa

[currypasty] 27/8/2020 12:29

Ive no idea what there is to actually do, Irish assets just waiting .. morocco doesn't sound much happening there, wressle, EDR operator doing the work


gwb, try email?

[guesswhosback2] 27/8/2020 12:16

Dire. No response from the new MD on linked in. Maybe having a well deserved break.

[currypasty] 27/8/2020 10:28

seller still about, unfortunately

[enfranglais] 24/8/2020 17:11

That`s right CURRY, they have no `skin in the game` & granting options at that price gives them no incentive to get the share price back to the last fundraise price of 6p!!! Going to be difficult now but that must be the target for some of us hard done by oldies?!!

[currypasty] 24/8/2020 11:05

and if we lose, they lose nothing

[adnatrob] 24/8/2020 10:37

Sweat equity never appears fair, I have it in two company's, the latter including a no dilution clause.Whichever way you look at it, EOG directors now have skin in the game and it is in their interest to grow the share price Needs to almost double from current share price to exercise the options. If they gain, we gain.

[currypasty] 24/8/2020 09:31

good idea, gwb.

we need a better understanding of Morocco as most PI's think it was just a last ditch attempt by Hughie to keep the gravy train going when he must have known all his blue sky fluff was going nowhere

[guesswhosback2] 24/8/2020 09:28

I've sent Mr Oddie a linked in request. Lets start with some sensible dialogue.

[dunderheed] 24/8/2020 09:21

Absolutely 100% agree - put an accountant or lawyer in charge for a couple of days a week.
Although I'd be happy to run Wressle as a cash "calf" as well.
Get a relevant engineer in on contract to review budgets and or work programme if required.

[currypasty] 24/8/2020 09:17

they should sell Wressle to UJO, put the rest of the Company on care and maintenance just in case Irish assets ever become desirable, and hand back cash to shareholders, imo

[dunderheed] 24/8/2020 09:09

I "may" buy another 2 mill if cash permits - but that is dependent upon other stocks?
Not expecting that much of an uplift re wressle though - absolute maximum 50% and when you strip out spread for those kind of volumes - the actual crystallised gain aint all that?

[guesswhosback2] 24/8/2020 08:49

You would think their broker would be all over this, its so undervalue.

[currypasty] 24/8/2020 08:23

substantial, but not 1%


Wressle progress

[dunderheed] 23/8/2020 21:00

Agree gwb2 I've got 2 mill.
I am sure we could get the required amounts for EGM?
Curry has got to own at least 1% on his own?

[guesswhosback2] 23/8/2020 17:45

I said at the time it was a disgrace and to issue shares to staff because they went short is poor. Not quite sure what they were doing in lockdown, I wonder if they were furloughed. I have 3m. Even this lot could hit 3p with Wressel online and the new guys will be quids in whereas I'm just hoping to get out.

[enfranglais] 23/8/2020 17:09

Needs a big shareholder for them to take any notice - what %age for an EGM?
Even if all of us here & LSE were put together, what %age could we total - 5% or so maybe. If any large holder is listening, you have my 700k ish - anyone else want to throw theirs in the hat?!!!! I expect with my losses & yours CURRY, it goes quite a bit to what the new CEO would get when we get back to 4p? Barsteward!!!!!!!!

[ngms27] 22/8/2020 08:06

Normal modus operandi

[enfranglais] 21/8/2020 21:12

Curry - The MCAP is £6m at mid price of 1.25p!!!!! I would have thought a MCAP of £15m just on Wressle & the rump of UK onshore would be about right, so mid price of 3.1p should be a minimum late 2020 & i am looking for 4p by xmas, if sentiment starts to change?!!! This still makes the CEO`s options worth about £350k, so they were issued too cheap & bear no relation to his input or the reduction in salary!!!!!!!!
WHERE ARE YOU LARGE SHAREHOLDERS!!!!!!!!!

[currypasty] 21/8/2020 09:05

1.25m MCAP, with oil production of a total 200 bopd when wressle pumping end Oct

oil price steady, just under $45

[currypasty] 21/8/2020 09:01

tweet from Egdon, membrane down, and top aggregate dressing ready to be laid

[currypasty] 21/8/2020 08:43

has the online buying price gone up?

last trade at 1.325