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

[mynameiskhan] 20/9/2022 15:15

It's not about about spud RNS. It's value market capital. Compare the eog market cap with other companies and also, compare the assets

[talkman2] 20/9/2022 15:12

The market hates the thought of a transformational appraisal drill in the North Sea . It’s obviously a negative

[currypasty] 20/9/2022 15:04

disappointing reaction to drill update RNS

[4sta] 20/9/2022 15:01

Oh, for the good old days when you could expect the announcement of a spud to jettison the share price into orbit. Now people just head for the exit incase it's a duster.

[cinques] 20/9/2022 15:00

Some people that bought in for the hyped rise are now de-risking.

[mynameiskhan] 20/9/2022 14:45

Yes, trading pattern doesn't make sense at all. But, this is AIM.

[neo26] 20/9/2022 13:24

This trading pattern dont make sense, is there a placing coming.They are about to embark on large appraisal well why is share price falling?

[kcowe] 20/9/2022 12:46

What happened to 4p plus lol .. clown

[jungmana] 20/9/2022 08:38

Good luck, imo most likely 3p+ by weekend

[1choip] 20/9/2022 08:33

Looking for 2.0-2.2p

[edgein] 20/9/2022 08:11

Sweep,

Well as Jung says there's likely some still in from the last placing at a decent profit. Also like you say some sell on news and others won't have the minerals to sit through an appraisal well. It takes all sorts to make a market.

Regards,
Ed.

[sweepie2] 20/9/2022 07:58

Yep how exactly was this seen as bad news or is it just the sell on any news brigade?

[jungmana] 20/9/2022 07:58

Last of the 1.8p placee sellers and a few million warrants.

[fandagle] 20/9/2022 07:56

Why is this down?

[edgein] 20/9/2022 07:48

Mnik,

I didn't hold I3E back then so cannot comment about a possible leak. But that to me would be even more reason to announce if/when they hit pay to prevent any possible leaks. But we'll see, its a shallow target and talk from EOG of a possible sidetrack so plenty of news coming regardless of how they sequence it over a relatively short time.

Regards,
Ed.

[kcowe] 20/9/2022 07:45

Did say head and shoulders on chart.

[ldbart] 20/9/2022 07:40

The Wressle-1 GAS alone is worth £78M and we're expecting news on the gas-to-grid operations and gas monetisation very soon!The additional Ashover Grit oil is worth $220M.Interview out now:youtu.be/MxQTAfyJ54o

[edgein] 20/9/2022 07:29

GWB,

Probably because North Sea appraisal drilling isn't risk free and a negative result would hit both companies involved in the short term. But listening to the companies both have odds of 50%+. So my guess is you either have too much invested here or are focusing on the short term.

I can't answer for you though but I can tell you why I'm perfectly relaxed for this appraisal well. I've been invested in many companies that drilled numerous successful appraisal wells, Enterprise oil, Paladin, Oilexco, Valiant, Ithaca and Encore and more often than not these wells come in. The only one that came in less than expected from memory was one of the Don appraisal wells for Valiant, but the rest were highly successful, that Don well still produced just not as much as expected. Couple that with the fact that both of these companies (EOG and I3E) are producers with reserves at times of high oil and gas prices. EOG looks fair enough value at 3p for Wressle and I3E is cheap as chips currently without Serenity, 1.7x NOI and reserves expected to exceed 154mmboe due to the conservative NI51-101 that the Canadians use. EOG might also make some progress offshore Ireland operationally or legally. So both of these companies likely to recover from a negative result quite easily.

But the way I see it is there's an opportunity for these companies to average 40ft of pay across the field, that's I3E's p10 of 240mmbbls in place. Using EOG's metrics of $15/bbl and I3E's recovery of 50% that's a whopping $1.8bn gross (25% net to EOG). So perhaps a little more excited than relaxed at the moment. Just for clarity I hold a modest amount of EOG (just for Serenity) and a lot of I3E.

Regards,
Ed.

[ldbart] 20/9/2022 07:14

The Wressle-1 GAS alone is worth £78M and we're expecting news on the gas-to-grid operations and gas monetisation very soon!Additional Ashover Grit oil is worth $220MInterview out now:youtu.be/MxQTAfyJ54o

[ldbart] 20/9/2022 07:14

The Wressle-1 GAS alone is worth £78M and we're expecting news on the gas-to-grid operations and gas monetisation very soon!Additional Ashover Grit oil is worth $220M.Interview out now:youtu.be/MxQTAfyJ54o

[mynameiskhan] 20/9/2022 07:10

I think, based on 2019 drill operation, I3E only do announce the drill results. However, with Serenity discovery in 2019 was leaked to market prior to RNS, i think, there is a good chance that SA02 results will be leaked before it is officially announced to market

[edgein] 20/9/2022 07:03

Fellas there is a good possibility on a well of this importance that they'll announce if/when they hit oil. They'll likely be using LWD and know what's happening down there live. TD will likely be 50-100 feet below the Captain sands, so if the well is a success then we'll likely know before that, or within the 30 days (providing all runs smoothly to plan).

Regards,
Ed.

[mynameiskhan] 20/9/2022 06:52

Very likely, 24 October (Monday)

[sweepie2] 20/9/2022 06:43

So drilling takes 30 days, when should we see the results of that drilling?