Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
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Https://drillordrop.com/2024/03/27/expansion-plans-published-for-wressle-oil-site/
Maybe they have early interest in EG joint venturing and don't need to obviously promote
Https://www.beosevent.com/exhibitors-and-sponsors/exhibitors/
Europa Oil & Gas (Holdings) plc is an AIM listed exploration and production company focused on high impact exploration in Ireland together with onshore oil production in the UK. Europa is a leading explorer in Ireland with highly prospective gas licences around the Corrib field with near field exploration and capacity at the Corrib pipeline in the event of discovery. The company produces around 30 BOPD from three onshore oilfields in Lincolnshire and has 30% of the Wressle oil field that is currently producing (July 2023) under free flow around 600 BOPD with minimal water cut. Site upgrades are ongoing and production is currently from one reservoir with two additional reservoirs currently not in production. Additional prospectivity will be developed within the Wressle/Broughton area where discoveries have been previously made. Europa has a 25% stake in the Serenity discovery in the Moray Firth with I3 Energy and is working to bring this discovery forward towards development. Europa actively supports the energy transition and has previously been in a collaboration between Baker Hughes and Causeway GT to conduct a geothermal clean heat project at the company’s West Firsby field. The company is actively looking for new business opportunities both in Europe and Africa and applied for acreage in the 33rd round.
There are two strands to this application - the local planning application which as it says on the forms Egdon have worked closely with the planning officers to prepare this - so from a technical planning (as opposed to councillors) should meet all requirements - and the other strand which is the application for an EA permit, which WH explained involved an informal pre application and then the formal application which would usually take between 6-9 months to grant. In last video he said that they were meeting with EA imminently to progress this, so I was wondering if the submission of the local planning application indicates that they have also got the nod to apply formally to the EA as well.
I think I recall WH explaining that a preliminary application is submitted first to solicit comments and then a formal application is submitted. My assumption that this is the formal application.
Consultation End Date 25.04.24
Sorry, I dont know serif. with regard to timing, the provisional dates were 31.01 for application, Feb for public consultation, 30.04 for decision. all pushed back 2 months. frustrating, yes, but this is a very extensive and technical application so no harm in waiting a couple of extra months to get it right...lets hope for good news in 3 to 4 months
@itsawrap. Thanks some progress there at last. See consultation lasts a month - so maybe go to planning committee during summer (before likely election). Do you think it might be an indication that they have heard something back yet from the Environment Agency?
HTTps://apps.northlincs.gov.uk/application/pa-2024-275
finally Egdon has submitted the planning application for extending Wressle
extension of the existing wellsite to construct 3 well cellars, drill 2 additional lateral underground boreholes to appraise and develop the hydrocarbon resources from the *****tone flags and ashover grit reservoirs, upgrade existing production facilities to include additional fluid storage tanks, separator system, surface pump and associated bunds, install gas processing equipment, construct a 600m underground gas pipeline and flow gas to the existing national grid pipeline and the long term production of oil and gas
Sound financial footing, no need/intention to raise capital and when EQ or Inishkea or Wressle progress, then a certain multi-bagger imo. Low risk at this price, great time to buy.
Think you’ll be waiting an eternity. This share history shows it to be a total waste of time IMO.
1p - have to laugh really.
I will get excited when we see a gain in share price.
Progressing well
Gerry - On the "disengenous" bit - you are correct on the definition but it was said a little tongue in cheek - are you asking for an apology for that ?
As far as owing Paul an apology - if he had not accused me of "peddling untruths" - then perhaps I would owe him one, but since he did make that comment which I assume is based on the share price performance under his tenure - then I would suggest that the the long term share graph supports my comments. What are the "untruths" I was peddling - if Paul has no basis for the comment he made - is that not libellous ?
So in summary - dont hold your breath - I would not want you to die over a couple of silly posts on this BB. Have a good evening.
@ tonynorstrom1
"I don’t see how I can be accused of peddling untruths and being disingenuous. It seems to me that I’m the one that is owed an apology here. "
Tony, as you seem to like quoting definitions, here's one in the 'Urban Dictionary' of "disingenuous" :- 'To profess ignorance while actually being in the know'.
That is exactly the situation when you called Paul, 'Whats his face', when you knew darn well what his name was and that was why I suggested that you were disingenuous and owed Paul an apology for referring to him in what was frankly, a rather childish way. It was not about anything else you mention.
I've followed your posts for some years now mainly on I3e and in the main found them interesting and informative and was impressed by your knowledge of the industry and the amount of time you must spend on the research you carry out but when someone disagrees with you it becomes tedious. I blocked 'Oilman Jim's' posts and in the end closed the LSE tab because of your battle with him in which you were probably correct but in the end I stopped looking.
So, yes I still think that you owe Paul an apology but again I won't hold my breath.
No problem Gerry, I have been a Travelling Willbury for 30+ years after graduation, with only a few years back home early on, but do keenly follow the news, politics & my investments, etc. Now too used to the sun, heat & good weather to go back full time :-) Re the new Taoiseach, Simon Harris will be elected on April 9th, hardly a radical change & he stated that he expects to keep the Dail to full term, ie, March 25 max. GLA, DB
PS - I have copied a great post from FabPhil on PRD & its worth a read for all here & may bring about some Inishkea & Corrib movements.
Securing Ireland’s Gas Supplies23 Mar 2024 18:37
https://www.gov.ie/pdf/?file=https://assets.gov.ie/276795/c7ca6839-05f5-4d7f-8db9-bbf12f4eba67.pdf#page=null
Page 20 - “This analysis indicates a strategic FSRU as the only short-listed option that can fully mitigate unserved demand in Shock Scenario 4 and 5 which involves disruption of seven or 30 days of both gas interconnectors”
Page 21 - “The CRU ‘2022 National Risk Assessment: Gas’10 highlights that Ireland is not fully compliant with the EU Infrastructure standard. Ireland’s N-1 has decreased from 85% in 2018 to 65% in 2022 and remains unable to meet the Infrastructure Standard (N-1) in the event of failure of its largest piece of gas infrastructure i.e., if the supply of gas via Moffat is partially disrupted Ireland will be unable to deliver sufficient gas from other entry points to meet total demand on a 1 in 20 year peak-day”
“If Ireland is not able to meet its gas demand it could have very significant impacts on the country, depending on the timing and duration of any disruption to supplies, according to an ESRI working paper ‘The Cost of Natural Gas Shortages in Ireland’11 that was published in 2010. The Economic and Social Research Institute (ESRI) paper estimated the cost of disruptions in the supply of natural gas and found that (i) the cost of losing one day of gas-fired electricity amounts to 0.1-1.0 billion euro, depending on the time of week, the time of year, and the rationing scheme used, (ii) the cost of losing three months of gas-fired power could be as high as 80 billion euro or 50% of GDP and (iii) losing gas for heating for three months would add another 8 billion euro on average. In this paper, ESRI also discuss some options to increase Ireland’s security of supply and find that the cost is a small fraction of the avoided maximum damage. It is noted that this assessment does not cover the social impact of a gas supply disruption. The Department has requested ESRI to prepare an update to this analysis”
Page 24 - “The Department’s view is that the level of risk presented by a technical disruption over the next decade is UNACCEPTABLE at the moment. It further notes that even if a regional approach could be taken to the N-1 infrastructure test as previously
Sorry donalb,
I assumed your were living in Eire as you always seem to have your finger on the pulse regarding relevant news in the land of my birth. Like you I no longer live there and left as a toddler so have no links.
Looking at Sinn Féin's info they don't seem any better than the Greens and if they have to form a government, as you say, they will probably have to ask the Greens for support to have a majority and Ryan may still be in place after that. I hope that I am wrong but I'm not convinced Sinn Féin would be any better. Hopefully the reality of being in government might concentrate their minds towards supporting the extraction of off-shore gas rather than importing it.
Hi Serif,
Not sure if they are Bed & ISA sales as when I did mine last April 6th, the repurchase into my ISA was a minute after the sale without any price difference except for the £40 charge made by IG for doing it. I don't recall them being shown as sales and buys at the time.
If these are sales waiting to go into an ISA there is is risk of an increase of the SP after April 5th (ever hopeful) as well as the spread difference.
Yes, EOG has been a good share for offsetting profits
Yep new tax year shortly
More bed and Isas presumably.
It does sound good going forward imho
The other encouraging point is that LNG facilities typically have a payback period of 6-7 years and there still building them - the big money is betting that there is still a long runway ahead for Natgas.
"we remain positive!"
Nice article - a bit more encouraging than the one on Exxon Mobile moving out of EQ. One thing worth noting is that Exxon was focused on / producing Oil in EQ whereas Europa's assets are gas fields. Also encouragingly here are still a fair number of Majors and Mid Size operators in EQ focused on gas.