A sentence from Europa’s strategy: Management recognises the need to continually repopulate and replenish the asset base with new licences as existing projects are progressed along the development curve.
It’s the last part of this sentence that must take priority in 2016. Europa have plenty to be getting on with, without worrying about adding more assets to the mix.
Hugh’s Goals for 2016 from ADNATROB - Fast track Wressle with a 2016 target of 900 bopd (300 bopd to Europa) - Farm-out Ireland - Declare a drill date for Ireland - Drill another well on the Kiln Lane prospect - Declare a drill date for Berenx shallow - Progress Tarbes to drill status - Farm-out Bearn de Graves - Keep shareholders updated on a monthly basis - 15p+ Share price
All achievable with current cash IMO, providing Wressle comes on tap.
Come on Hugh, here is my 2016 proposal, let’s see yours.
I have had shares in Europa for probably four years and I can't believe what's happening with the Share price. I remember when people on here were saying they wouldn't sell for anything less than £1 and now we seem to be heading towards 2p. Will we ever see this SP get to 10p?
Lets see what happens this with Opec.Very very political at the minute with the oil tug of war games.No doubt the sector is badly needing some sort of positive reaction and push.Seems like everyday there is a new report or price rating concerning oil.Everybody seems to have their say on the matter now.Might hibernate till january though concerning Europa.Am still in shock they are priced at these levels.There has to something to keep us positive for the next 7-8 weeks or the market makers are going to strangle this even more.Come on Europa,we need to know you are still there.GLA
I received notification from Halifax informing that votes need to be in by 3rd December. The letter goes on to explain voting options, the easiest (for me) is to place a vote against each resolution over the phone. Halifax will collate all votes and forward appropriately.
I will be voting against resolution 6, 7 and 8.
If Europa fail to acquire the required number of votes for resolutions 7 and 8, they will be prevented from placing shares directly with institutional investors without first offering them to existing shareholders.
The same resolutions narrowly scraped through at last year’s AGM by c. 1%, so PI votes however small can effect this result.
Europa in my opinion are adequately funded for 2017 when you consider cash in bank and forthcoming Wressle revenue. Therefore, there should be no need to exercise resolutions 6, 7 and 8 in 2017.
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