Share Name Share Symbol Market Type Share ISIN Share Description
Europa Oil & Gas (holdings) Plc LSE:EOG London Ordinary Share GB00B03CJS30 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.05 -2.08% 2.35 5,407,369 14:50:05
Bid Price Offer Price High Price Low Price Open Price
2.20 2.50 2.40 2.25 2.40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.37 -0.85 -0.15 22
Last Trade Time Trade Type Trade Size Trade Price Currency
16:18:43 O 42,239 2.345 GBX

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Date Time Title Posts
01/7/202210:34Europa Oil and Gas - High impact exploration and production158
01/7/202209:51Europa Oil and Gas13,165
07/6/202208:54Good reading -
25/1/202009:16EUROPA OIL & GAS: On Track for Significant Growth in 2006?2,857
03/1/201720:09Europa Oil & Gas - Moderated5,153

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Europa Oil & Gas (holdin... Daily Update: Europa Oil & Gas (holdings) Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker EOG. The last closing price for Europa Oil & Gas (holdin... was 2.40p.
Europa Oil & Gas (holdings) Plc has a 4 week average price of 2.15p and a 12 week average price of 2.15p.
The 1 year high share price is 3.65p while the 1 year low share price is currently 1.08p.
There are currently 956,466,985 shares in issue and the average daily traded volume is 5,550,685 shares. The market capitalisation of Europa Oil & Gas (holdings) Plc is £22,476,974.15.
pro_s2009: The share price wedge continues... Breakout point will soon come along where this is through 3p in August imo
pro_s2009: WHI oil outlook from the PANR note today. Says what I have said.....the Alkaid-2 well results will be into a strong oil price and outlook, right in Hurricane season and storming upwards oil prices. Also applies to I3E/EOG Serenity well results and ECO and Gazania-1 well results : WHI Near-Term Oil Price Outlook: We believe that 2Q 2022 has seen the kitchen sink of bearish news thrown into the oil market: lockdowns in China, central bank tightening, strategic petroleum releases from the US Government's reserves and from strategic OECD governmental partners, combined with only very limited energy sanctions imposed on Russia over the period “ the oil market has remained tight nevertheless and oil prices have been either in a lull or range-bound. We expect that to change in 3Q 2022 and 4Q 2022. Why? In addition to the possibility of supply constraints from sanctions on Russia, and more speculatively from Hurricane risks in the US Gulf of Mexico, our thinking is aligned with that of OPEC: The July 14th 2022 Monthly Oil Market Report published by OPEC forecasts quarter-over-quarter oil demand will shrink by 840 kb/d in 2Q 2022, followed by demand growth of 2,300 kb/d in 3Q 2022 and then by further demand growth amounting to 1,900 kb/d of oil in 4Q 2022 – very bullish. We therefore anticipate Alkaid#2's results will be announced into a more bullish oil market compared to prevailing market conditions.
pro_s2009: So Wressle must have generated about 5m for EOG based on the UJO news. And lots more to come. At the current share price EOG is undervalued like most oil and gas stocks. The rerating will happen. Patience
pro_s2009: Arden comment on oil pricing. Oil price macro picture Oil prices, both WTI and Brent, have been hugely volatile over the last 24+ months. They fell precipitously during the early months of 2020 on a combination of the onset of the coronavirus pandemic and increases in OPEC supplies aimed at damaging the US shale industry. OPEC (as OPEC+, including Russia) then acted to cut production and stabilise the market. Since the oil price nadir in Q2 2020, recovery has been relatively steady, with OPEC+ beginning to steadily bring back supply, and global coronavirus restrictions beginning to be rolled back from late 20202021 then saw ongoing steady oil price appreciation, in part as coronavirus restrictions continued to be reduced, but also as it became apparent that supply was not returning in-line with demand. While investment in 2020 (and to some extent 2021) was deferred, this spoke of a longer trend stretching back to 2015, where global E&P investment had been restricted ever since the period of US$100/bbl oil prices seen in the early 2010’s ended and prices began to decline in late 2014. Increasing global focus on environmental factors and the energy transition, including lower availability of funding for oil and gas, also added to this trend This period of underinvestment has created a structural supply deficit for global oil supplies. In previous years, production levels from US shale have been very responsive to higher oil prices, but concerns over long term project economics and a renewed focus on shareholder returns has meant these companies have not been deploying the CAPEX required for significant new supplies. OPEC+ has been unwilling, or potentially unable, to take up the slack, with high oil prices offering the chance for balance sheet repair after 2020/2021. These themes saw Brent get to around US$90/bbl towards the end of 2021, as Russian troops began massing on the border with Ukraine. The Russian invasion in February 2022 provided further strong impetus to oil prices, with many countries in Europe and also the USA moving to curtail Russian imports, to some extent price irrespective. The de facto reduction in Russian supplies now sees oil prices remaining consistently over US$100/bbl. Going forward, while the forward curves have also moved up, with Brent now showing prices trending down to a long term of over US$70/bbl, and WTI to US$65/bbl, they are still in backwardation, implying that supplies do steadily improve to meet demand as coronavirus restrictions continue to disappear in many countries. Irrespective, we are likely to be in for a strong period of continued high oil prices: helpful for existing producers and also those progressing new projects. .
joestalin: I do like this bit:- Our Core NAV includes value for the developed 2P reserves (0.6p/shr), as well as the undeveloped onshore 2C resources, risked at 75% (1.1p/shr), and Serenity, risked at a more conservative 25% (5.4p/shr). It also includes value for cash, plus other corporate items (0.8p/shr) taking our risked Core NAV to 7.8p/shr. Our Total NAV includes value for the prospective resources onshore the UK, risked at 25%, as well as the 297 mmbbls (gross) Falcon prospect in Morocco, risked at 5%, and the 266 mmboe Inishkea prospect in Ireland, risked at 7.5%. These riskings account for both geological and commercial chances of success, and in the case of Inishkea and Falcon, include provision for the likely levels of dilution required to monetise the prospects. Combined, the three assets add some 14p/shr to our NAV, taking our Total risked NAV to 22.2p/shr. Given the fact that external finance will be needed to fund the exploration assets, and there is uncertainty on the timing of drilling, we set our target price at Core NAV, leaving substantial upside in the event that a farm out is delivered. Nevertheless, our target price of 7.8p/shr still offers over 200% upside from today’s share price. Furthermore, carrying a risking of 25% on Serenity, we see considerable scope for further upgrades in the event of drilling success with the upcoming appraisal well (for reference we value Serenity unrisked at 21.6p/shr net to EOG)
pro_s2009: The sector needs a Wildcat/Big Appraisal well to come in good, remind everyone that a 33% CoS means 3 in 10 are successful, not 10 from 10 are failures. Been plenty of failures of late, the latest high profile being hopefully CLON will be the start of a run of successes to make up that 30%. CLON drilling now - Sasanof-1 Offshore Australia ECO drilling Sept - Gazania-1 Orange Basin - Offshore South Africa EOG/I3E drilling Sept - Serenity - Offshore North Sea AEX drilling Nov - Chikumbi-1 - Onshore Tanzania PRD 3 well campaign farm out/funding sorted - MOU4, MOU5, MOU-NE - Onshore Morocco Thats the remaining interesting big drills this year, where success will see a doubling of the share price as a minimum, some of them up to 10 or 15 baggers given the current market caps.
pro_s2009: EOG is winning anyway with the current oil prices. Serenity is still a "maybe' at this point, not in the share price, all for free, might be a winner, might not.
charggg: Posters acting like EOG has divested from Wressle to buy stake in Serenity license. The oil production that's chugging along every day and the cashflows coming in would need to be disclosed soon as UJO and EDR have. Reading across from EDR who have same as us, a 30% stake in Wressle, and adding in £7mn cash raise would mean EOGs share price should be c. 2.9p before any serenity drill related news is incorporated. Just purely based on 30% wressle stake and £7mn cash. Anything below 2.9p is free money IMO because you are buying a part of same asset stake that's selling at much higher value at EDR+ £7mn cash. Not many oil plays trading at such discounts?
charggg: Interesting to note that both UJO and EDR, our partners on Wressle field - their share prices are up at least 110% YTD. What would be equivalent share price rise pre serenity news for EOG?
charggg: There is a ton of PIs looking at EOG waiting to buy in. Everyone getting anchored to the placing price. What they don't know is that usually the placing participant has to pay 5-10% fees on top of the placing price. So their breakeven is usually placing price plus upto 10% which is close to 2p price.And those thinking there is a lot of time are forgetting that EOGs not a one trick pony and there is oil production that's ongoing with daily cash flows accumulating at $100+ oil prices. Positive news flow like UJO and then EOG share price will adjust for wressle before taking into account the drill. And if there is any news of farm out on Morocco acreage then the ones sitting on the sidelines can kiss goodbye to their entry price expectations.
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