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

[grannyboy] 10/11/2022 15:47

It just depends what the plan is now for the original Serenity well, there's an estimated 10+mbls, and as to when they expect to do a tie in, it's been said the cost wouldn't be overly expensive. Yes the appraisal well result was disappointing but it's certainly not been a total failure. Just need some positive update from Oddie!

[basem1] 10/11/2022 15:43

Still plenty to play for with such a low market cap. Plenty of upside here for the patient. Let's fast forward to Christmas Eve and we will be at 1.5p minimum

[hoper1] 10/11/2022 15:34

The reward did far outweigh the risk as we were led to believe there was a very good chance of finding oil with the Serenity appraisal well because oil had already been discovered in the field. As I understand it, we also still have a 25 per cent interest in Serenity. But, yes, hindsight is a wonderful thing and I doubt shareholders would have voted for the farm-in if they knew the outcome would be this.

[basem1] 10/11/2022 15:11

It did seem a company maker at the time I thought the reward far outweighed the risk Hindsight is a wonderful thing

[johnswan193] 10/11/2022 14:03

People talking about a potential shareholder revolt against Simon, yet this same group of shareholders voted yes to the placing to fund serenity.... I was never in favour of it and was one of very few investors who voted against it.

[suetballs] 10/11/2022 14:00

kingivor - all thoroughly sensible.
Cheers.
Suet

[kingivor] 10/11/2022 12:59

Imv the likely answer is that SO has been told to step down or face a requisition to be forced out. I would like the Chairman to step into the role of CEO, drop Morocco, most of the technical team, secure a good Irish JV, let i3e work a unitisation of Serenity with Tain JV with Repsol and institute a fair dividend.
Not too much to ask.

[kingivor] 10/11/2022 12:55

Imv the likely answer is that SO has been told to step down or face a requisition to be forced out. I would like the Chairman to step into the role of CEO, drop Morocco, most of the technical team, secure a good Irish JV, let i3e work a unitisation of Tain JV with Repsol and institute a fair dividend.
Not too much to ask.
A simple read through to Egdons m.cap and sum of the parts would surely attract bids well North of 2x the current company valuation.

[currypasty] 10/11/2022 08:47

any sign of them results?

[likeawalrus] 10/11/2022 08:42

Finals overdue compared to the last few years, never later than 30th Oct., if we have to wait much longer speculation as to why will ramp up

[gusto01] 09/11/2022 13:56

Well sell out then..

[gusto01] 09/11/2022 13:37

Give it time....

[grannyboy] 09/11/2022 12:32

gusto01, everything you've predicted its done the exact opposite.. I'd just give it a rest if I was you, though there is the chance that if you try and predict 50 possibles you might eventually get one right!

[gusto01] 09/11/2022 11:25

Nah... Should be fine need to get the traders out

[gaffer73] 09/11/2022 11:10

.35 the way this is going!

[grannyboy] 09/11/2022 09:14

And SO doesn't help to endear himself to shareholders when he can't even get the results out on time!

[gusto01] 09/11/2022 08:35

3.5p....soon

[pro_s2009] 09/11/2022 08:31

A lot of people are indeed not so happy with SO.

[slicethepie] 09/11/2022 08:26

Nobody likes a reckless gambler ( using other peoples money)

[pro_s2009] 09/11/2022 04:53

Goldman Sachs on oil outlook

[enfranglais] 08/11/2022 23:12

I expect SO in the boardroom is short for SOD OFF!!!!!!!!!

[kingivor] 08/11/2022 21:55

The repayment of the Ujo loan signals a change of strategy imv. I expect SO will depart soonish.

[ride daice] 08/11/2022 17:33

Come on. Cut them some slack. They must be exhausted following last weeks license extension.

[enfranglais] 08/11/2022 15:33

The only thing Oddie & his `Little Willie` are concerned about is the `next big thing`, which they will bet our money on & hope for the best!!!!!
They have nothing to lose, as they have already lost the respect of all lth`s & it is now up to the larger shareholders to boot them out!!
Let`s just hope they are either lining up replacements with an ounce of common sense or lining up buyer, who sees the potential & can afford about 4p a share?!!