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

[christy41] 15/4/2021 15:16

The 500,000 share sale matched by 2 x 250,000.Looks just like flip flopping of shares. Been happening for awhile.

[talais] 15/4/2021 09:21

Could that be the last of the placing .

[talais] 15/4/2021 09:19

Just tick up on a large sell,,,,,!!!!!

[vauch] 15/4/2021 08:22

It was a long 24 hours

[croxie] 15/4/2021 08:21

Can anyone explain why Wressle has been on 24hr testing for 2 months?

[dunderheed] 14/4/2021 19:10

We'll have to wait and see the Friday message Curry.

[currypasty] 14/4/2021 18:48

anyone here repositioning themselves for the weekend?

[christy41] 14/4/2021 18:46

D/H..No one here will fall for that anymore.
The key word now is re-positioning/re-balancing.:)

[dunderheed] 14/4/2021 17:58

christy - I think you surmised the issue in the last eight words matey - you could of course have added "and many "major" promises which came to nothing" as well?.....




.... which could be why they don't go on about potential deals (as much) now?

[christy41] 14/4/2021 17:54

5p x 566million shares is a 28 million market cap. The only thing to get us there is surely confirmed Ireland or Morocco drill.
A royalty deal in the North Sea and Wressle hopefully 3p.I think we have far too many jaded shareholders who'll sell into any rise unless significant news. We as a company don't seem too PR savvy to attract new shareholders. The odd Proactive interview doesn't cut it much anymore and we've had too many years of non achievement.

[currypasty] 14/4/2021 17:28

just under 1 million buy just showing..

[likeawalrus] 14/4/2021 16:08

I'm struggling to see how a 5p target is justified, if wressle comes up short eog will struggle, even with the full target of 500bpd reached I feel 5p is optimistic...

[christy41] 14/4/2021 15:01

Nothing much new in the results that we didn't know.
At least if nothing else they're back on full salary, & we still await this shareholder value they always keep talking about.
Would be nice if they found time to amend the web-site with current shares in issue
as its been a few months.

[guesswhosback2] 14/4/2021 09:27

The problem is small companies really do not care about their shareholders why should they at the end of the day they believe in what they're doing and they see that with a lot of hard work they can multiply their share price many times so we are just an inconvenience to them despite the fact that we get them to where they are. Eventually this will break somewhere and we will likely make our money but but yet again it is another long hold much like the other small aim oil cos on here here.

[currypasty] 14/4/2021 09:02

"it has been notified by Turner Pope Investments (TPI) Limited ("Turner Pope/TPI") that TPI intends to exercise its broker option in respect of 3,698,462 ordinary shares"


" fee shares due to Turner Pope for the first year of its retainer as the Company's joint broker (such fee shares totalling 2,692,308 new ordinary shares"




Time for a new Broker.. who else has been dumping since feb, other than Turner Pope themselves, or their clients?

[dunderheed] 14/4/2021 08:56

Can we have another tweet please?

I need to have my standard post set up for Friday.

[currypasty] 14/4/2021 08:51

Good set of results, and update.. looks like broker still has some placing stock to dump though..

[tommy241] 14/4/2021 08:24

Solid growth foundation post fund raise

Europa’s recent £1.5m equity raise provides the company with the resources to pursue multiple growth opportunities. This will be supplemented by the commencement of production from the recompleted Wressle-1 well, onshore UK, with the well currently in clean-up mode and continuous 24-hour test production. This well is still expected to more than double Europa’s net production and with a break-even oil price of under US$18/bbl will be highly profitable.
It allows the company to keep maturing its major exploration opportunities in Ireland and Morocco, while also considering low-cost opportunities to maximise the recovery from its existing UK onshore assets. It provides a more solid foundation from which management can pursue new complementary late-stage appraisal/development projects, as it looks to rebalance the portfolio and become a full cycle E&P company.
Exploration remains a core part of Europa’s DNA, with the company offering more exploration ‘bang for your buck’ than most. Offshore Ireland, it is pursuing lower risk/high reward infrastructure-led exploration opportunities in the proven Slyne gas basin. It is awaiting regulatory approval for the acquisition of a 100% interest in FEL 3/19, which in addition to its existing acreage would give it 2.7 tcf of prospective gas resources situated close to the Corrib gas field infrastructure. It provides Europa with a strong strategic gas position in the proven Slyne gas basin, with the company preparing to launch a farm-out of both blocks.
Offshore Morocco, it has the large Inezgane licence in the Agadir Basin where over 20 prospects and leads have been mapped following reprocessing of historic 3D seismic. These have an estimated unrisked resource potential of over 1 Bbbls. Work continues to mature these prospects ahead of a partnering process following the one-year extension to the initial phase of the licence to November 2022 to accommodate COVID-19.

[tommy241] 14/4/2021 08:23

Finncap
Solid growth foundation post fund raise

The imminent onset of cash flow from Wressle represents a big move towards transforming Europa’s production and financial profile, providing a more solid foundation from which to grow the business while still offering exposure to material exploration opportunities. This alongside the recent equity raise gives management the resources to pursue multiple growth opportunities and turn Europa into a full cycle E&P company whilst retaining its exploration DNA.
Strong cost performance limits losses. H1 2021 revenue fell 34% y/y to £0.5m primarily due to weak oil prices, with production from Europa’s three mature producing UK onshore fields declining just 4% to 86 boepd. Strong cost controls were evident with cost of sales down 14% and admin expenses 9% lower. This helped keep after tax losses to £0.6m, flat on last year’s underlying result. Only £0.2m net cash was used in operations despite the exceptionally weak pricing environment, underlining the resilience of Europa’s onshore UK business. Period end-cash stood at £0.3m.
Multiple growth opportunities. Europa raised a net £1.44m in March via a placing and broker option, lifting cash balances to a much healthier £1.7m. With the onset of Wressle production also set to boost its financial position, this will allow management to pursue multiple growth opportunities. These include the evaluation of low-risk/cost opportunities to increase UK onshore production at existing fields while also preparing farm-outs for its major Irish and Moroccan exploration portfolios. It also allows management to pursue a rebalancing of the portfolio via complementary late- stage appraisal/development projects.
Wressle set to boost cash flow. The Wressle-1 well is undergoing test production and clean-up. Once on full production, Wressle-1 is expected to more than double current output. These will be highly valuable barrels too, with a breakeven of less than US$18/bbl. At US$55/bbl, we estimate Wressle has an NPV/bbl of $25/bbl and can deliver over £1.5m of cash flow to Europa over the next 12 months.
Big bang for your buck. We have reduced our risked-NAV and price target from 6.3p to 5.1p/sh due to the issue of new shares following last month’s fund raise. At this stage, we do not apply any value to the Inezgane licence, but as the identified prospects are matured, this offers upside potential to our NAV. With a core NAV of 1.3p/sh consisting of low-cost onshore UK producing assets, Europa offers a low-risk route to access major exploration potential.

[talais] 14/4/2021 07:07

Onshore UK - commencement of oil flow at Wressle set to transform Europa's financial profile-- Successful and safe completion of operations to recomplete the Wressle-1 well and reperforate the Ashover Grit reservoir intervalo Well currently on continuous 24-hour test productiono Wressle projected to more than double Europa's net production to over 200boepdo Production at Wressle expected to be highly profitable at today's US$60 plus per barrel oil prices - compares favourably to estimated break-even oil price of US$17.6 per barrel-- 86boepd was produced from Europa's three existing UK onshore fields during the period - compared to 90boepd for H1 2020

[talais] 14/4/2021 07:06

Rns Very positive update

[talais] 13/4/2021 13:48

Looks like placing shares have finished, if so , this will move up nicely now.

[currypasty] 13/4/2021 11:56

or this one

niel Levi (Sinner) Retweeted
Mr Daniel Levi (Sinner)
@BrokermanDaniel
·
Apr 12
5 to watch 4 major share price upward move on news potential, this week: #YGEN #RBD #UJO #EOG #MHC

[tommy241] 13/4/2021 11:47

Hope this investor is correct: