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Europa Oil&gas Share Chat (EOG)



Share Price: 4.625Bid: 4.50Ask: 4.75Change: 0.00 (0.00%)No Movement on Europa Oil&gas
Spread: 0.25Spread as %: 5.56%Open: 4.625High: 4.625Low: 4.625Yesterday’s Close: 4.625


Share Discussion for Europa Oil&gas


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jusmasel
Posts: 675
Off Topic
Opinion:No Opinion
Price:4.625
Irish Licences
Today 08:31
From the interim report Hugh states we have applied for at least two licences in this next round both contiguous to our existing licences. We should hear soon and if successful EOG will have a very substantial acreage position in the Porcupine which will certainly be attractive to the unsuccessful bidders as well as the new entrants. Seems to me that any deals will only be done once the new licences are awarded. News imminent on that.

I don't understand what is going on with Wressle. It is in the hands of EDR but I also understand that if they don't get a move on EOG have an option to step in and take the operatorship over. I wonder if the relationship between EDR and EOG is sinking?
 
Leigh-on-sea
Posts: 105
Off Topic
Opinion:No Opinion
Price:4.625
RE: news
Thu 15:20
Agreed Heidelberg, a total of 8 RNS in the last 6 months. What I would say is the expectant posters here have quoted this Share as being undervalued, unloved, 10 fold multi bagger potential, and many other quotes from 2007 to 2016, thank god most have moved on.
nogara
Posts: 64
Off Topic
Opinion:No Opinion
Price:4.625
RE: news
Thu 11:55
Agreed Heidelberg.
Heidelberg
Posts: 336
Off Topic
Opinion:No Opinion
Price:4.625
RE: news
Thu 11:41
PR at a rate that never fails to disappoint.
Anthony_
Posts: 763
Off Topic
Opinion:No Opinion
Price:4.75
news
Wed 06:49
Could do with the second batch of licencing awards in Ireland soon. Disappointing to see our SP slip into negative trend, especially as this is the first time since we started the rebound back in Jan.

If not Ireland, give us something EOG, so many fronts but the market needs something to land
Tovoc
Posts: 64
Observation
Opinion:Strong Buy
Price:5.125
Next Milestone
29 Apr '16
The next big milestone are the Irish Oil Block awards in May.
Europa's unrisked reserves in its current blocks stands at 3 billion barrels of oil. Regardless of whether Europa gets further blocks it is in a great position; that said I suspect it will get the blocks it's applied for thus boosting the its reserves further.
For me its the farm out deal Europa is working on and the potential back costs it may get which is the biggy; this may happen anytime after the Irish block allocations; the good news is that the oil price has increased to $46 as of today the highest its been in 2016!
Anthony_
Posts: 763
Off Topic
Opinion:No Opinion
Price:5.125
RE: Wressle
29 Apr '16
100% agree
crushcutfluor
Posts: 168
Off Topic
Opinion:No Opinion
Price:5.125
View Thread (3)
Wressle
29 Apr '16
Speaking to PB a while ago he said Europa have an option to take over operatorship of Wressle from EDR. Considering the shambolic delays-ridden stewardship they are presiding over, surely it is time Europa got tough. A one well development in the middle of rural lincolnshire is taking longer than the deepwater Jubilee field off West Africa!! That can't be right...
jusmasel
Posts: 675
Off Topic
Opinion:No Opinion
Price:5.375
This is what EDR said
28 Apr '16
in September 2015...
Egdon and the PEDL180 partners now plan to progress to an agreed FDP for Wressle with a view to it being ready in Q1 2016 for submission to the Oil and Gas Authority (“OGA”) for approval. The FDP will be compiled using drilling and test data from the well together with reprocessed 3D seismic data to quantify the developable resource volumes attributable to Wressle. In addition, planning and permitting applications will also be required to be submitted to North Lincolnshire Council and the Environment Agency.

Production from Wressle is currently expected to be phased, with initial development focused on the Ashover Grit oil reservoir.

Commenting on the update, Mark Abbott, Managing Director of Egdon Resources said:

“We are delighted that the petroleum engineering and geotechnical work conducted to date has given the PEDL180 joint venture sufficient confidence to move directly towards FDP preparation for Wressle, without further costly and time-consuming testing. We are now focussed on delivering the required consents to enable us to commence commercial oil production from the Ashover Grit in H2 2016.”
Giblets
Posts: 45
Off Topic
Opinion:No Opinion
Price:5.375
RE: Nothing New from EDR
27 Apr '16
Thanks Anthony.

Agreed the delay will stand us a good chance of coming on line in a better oil price environment which will maximise the impact on the share price when production is announced.

Just trying to be realistic with it all to avoid being disappointed, if the application is submitted by month end That will take us to mid-July for approval based on a 10 week turnaround so as you say it's still achievable providing EDR and the EA/OGA act in a timely manner, the problem is they never do....




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