Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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The prospect seems to good to be true. As always the proof of the pudding will be in the eating, especially if the SP, as suggested goes anywhere above 20p.
Be good to get Paul's take on the opportunity especially the geology which listening to Jamie it seems easy to drill etc.
Have to agree, they done well and this prospect does sound exciting…… although in my comments at the end I mentioned the fact that for the last 13 years I have heard the same comment Will used in his closing statement, ‘the next year is going to be exciting’ …….
First time seeing Jamie speak and I thought he did really well, he convinced me but I have no experience of geology! Interested to here Paul’s take?
Superb presentation from Will and Jamie.
“The comments I have made above for UJO apply to Europa just as much and the discount to potential NAV indicates a highly attractive risk reward proposition and there is much more to EOG than just this onshore part of the portfolio.
But for those other parts that I dealt with in the last RNS from Europa the news today is without doubt the icing on the cake. With the changes that the CPR makes that add the value I mentioned above the guidance appears to be that revenue from Wressle will more than cover ‘ any capital requirements across the portfolio’ and the company brokers imply a current enterprise value of just $9m today.
This should make for happy reading for Europa shareholders and with a really decent addition today to the portfolio which has upside in a number of areas the shares are also phenomenally cheap, the risk/reward proposition as I said is excellent.A presentation with further details can be found on the Company’s website.
In addition, the Company is holding a webcast for retail investors tomorrow, Wednesday, 3 January 2024 at 2.30 p.m. (GMT). The presentation will be hosted on the Investor Meet Company (“IMC”) platform and is open to all existing and potential shareholders. Questions can be submitted pre-event via your IMC dashboard up until 9.00 a.m. the day before the meeting or at any time during the live presentation. Investors can signup for free and add to meet Europa via: Https://www.investormeetcompany.com/europa-oil-gasholdings-plc/register-investor
I looking forward to the IMC presentation at 2.30 tomorrow which I will be on primarily to hear chapter and verse on the recent EG asset I mentioned above. The new asset has a huge amount of upside and the broker report I mentioned sees all the upside there.”
Https://www.malcysblog.com/2024/01/oil-price-dec-union-jack-europa/
@Geochem. 17 trades today - probably much in line with other similar companies for this time of year. For some reason LSE is recording only some of the trades - presumably a system error.
Https://www.malcysblog.com/2024/01/oil-price-dec-union-jack-europa/
Happy new year to all, the issue here is non-delivery. Take a look at the trades, five here today. Mr Market and the share buying populous simply don't buy the lines being fed due to the track record of jam tomorrow, puppy dogs and rainbows and all of the "high potential portfolio" [Eire, Wressle, Cloughton, Serenity, Broughton N and now W.Africa...] as it's non-delivered or wildly behind schedule. Their presentations /video's are not moving the dial because it's viewed as promo-waffle. The snowstorm of RNS releases are a response to the shareholder pressure and the vague sense of potential jeopardy for their jobs, behind it all there is a distinct lack of actionable, credible progress. I accept that nothing happens overnight and the SP is showing a small uptick but that's meaningless if they don't pull their fingers out and get some of the blue-sky delivered. The issue is their track record says they don't.... get a wiggle on Will. Best of luck all....
CPR dated 30th June 2023, makes me wonder why the long delay and if they have been working on figures recently why is report not dated 30 December. Seems a bit odd to me
Ashover doubling is as expected, but no real increase in pennistone reserves so thats a bit dissapointing, despite revised look at seismic .
No mention of Cloughton in recent video- hopefully some mention of drill site progress in forthcoming question time.
Bit too early to say if West Africa is yet another mad scheme, but they do need to get a move on preparing a farm out. The world is starting ( slowly) to move on to non fossil energy, and so if there is gas it needs to be discovered soon.
Good luck to us all this year.
Same with UJO - seems very thin trading today, market not really got going yet. Let’s see what happens after EQ presentation, flowrate update, Cloughton news and hopefully Irish licence extension this month. Seems that there has already been a slight shift in sentiment - we will see if this is just New Year optimism!
Makes you wonder why this hasn’t bounced today
Makes clear that with this CPR upgrade we are not yet halfway through Ashover production
https://www.proactiveinvestors.co.uk/companies/news/1037271/europa-oil-gas-starts-2024-with-a-bang-1037271.html?viewSource=TwitterUK
CEO Will Holland and Chief Geologist Jamie White are holding an @InvestorMeetCo webcast for retail investors on Wednesday, 3 January 2024 at 2.30 p.m., which includes an opportunity for Q&A. #EOG
Register for free via the link below👇
See twitter for eog
Look the BOD are drawing down over 800000/yr with share options. WH says he sees big things to come in 2024. If that is the case then they can all start supporting the share price with significant purchases. That benefits everyone.
Give it a rest ffs
Where are the BOD share purchases? Do they believe in this Company or not?
tennyson
“europa oil & gas (eog ln) has announced a 263% increase in recoverable 2p reserves at its flagship wressle field, onshore the uk. the report dated 31 december 2023 estimates that the ashover grit and wingfield flags horizons contain a remaining 490 kbbls (vs 655 kbbls at the previous 2016 audit, since which 504 kbbls have been produced). this represents an impressive 59% upgrade to the original estimated ultimate recoverable figure. more significant to the headline numbers, however, the auditor has also upgraded the 2c resources within the *****tone flags horizons to 2p reserves, adding 1.883 mmboe to the reserve base. note that these numbers are all gross, and with europa holding a 30% stake in the asset represent a net 2p reserve base of 0.712 mmboe across the two key reservoir horizons. today’s news comes as no real surprise, given that the production data from the field was clearly showing a quality asset that was not on the verge of depletion, however the audit is comforting in that there is clearly plenty of life left in the asset still. the next key events for the field will be the approvals required for the next two production wells on the field, the first of which targeting the 1.9 mmboe *****tone flags horizon. planning approvals for this are expected in q2 this year.”
Https://www.proactiveinvestors.co.uk/companies/news/1037246/europa-oil-gas-eyes-value-realisation-at-wressle-amid-resource-upgrade-1037246.html
1.34 paid there
Where are the announcements that BOC, AS, WH and SAR are buying shares. They are no longer in a closed period and £8000 buy from ,'Im not a rich man' on £350000/yr wont cut it in showing the markets and shareholders they see this share price moving north and continuing to do so. If they believe in the Company then we shpuld see some purchases
FG, morning yes should move north soon
A real commodity tourist would value 2P reserves at $75/bbl. Give it $12/bbl as a high range instead.
02/1/2024
08:35 and MCAP still under £12m
currypasty
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02/1/2024
08:31 So at $75 a barrel our 30% of 2P is valued at in excess of $50m?
suetballs
It better do better than 1.5p!!!!!
Hi Bubble. Who knows, we might get to see some decent profits here!
ATB, FG