Ok, let's talk about potential, shale gas potential that is why we had an 18% rise and Edgon have seen two days of c. 50% rise on share price. That is what is going to get us rich, not conventional 100 bpd wells.
Listen I am not getting into a long debate, and believe me I know more than most that the current price aint great. Been here many years and used to post a lot.
At least now if Wressle fails, we have a follow up drill almost straight after of which we are the operator. While we are waiting for Wressle to spud, all the necessary plans, permits and funds will have been put in place. Wressle fails no big loss, that my friend is what I call fore sight. Some would say cautious but I am happy for the BOD to not take gambles with my money.
The underlying point was let us have one day without being dragged down into the dauldrums, especially when we have seen a 18% rise. Whatever the price is, we have had a good day, lots of eyes and new investors are looking in, lets talk about the potential because thats what is going to get us all rich, not going over old ground.
The placing is done, open offer just about done and today we have had a 18% rise....move on, looks like everyone else has.
Hind sight is a great thing, if they did this, if they did that, maybe they could have waited until we spud Ireland and done the placing at £2!
Jokes aside, the placing is done, whether or not it was the right time, or whether it was morally right the way in which they did it, its done. They took the opportunity while they had the chance and now hopefully we can start to move north with real conviction backed up with high impact news flow.
Europa Oil & Gas Receives Corporate Rating from FinnCap (EOG)
January 14th, 2014 - 0 comments - Filed Under - by Robert Taylor
Europa Oil & Gas logoEuropa Oil & Gas (LON:EOG)‘s stock had its “corporate” rating restated by equities researchers at FinnCap in a research report issued on Friday, StockRatingsNetwork reports.
Europa Oil & Gas (LON:EOG) opened at 7.0875 on Friday. Europa Oil & Gas has a 52-week low of GBX 7.00 and a 52-week high of GBX 13.75. The stock has a 50-day moving average of GBX 7.23 and a 200-day moving average of GBX 8.85.
Several other analysts have also recently commented on the stock. Analysts at Beaufort Securities reiterated a “speculative buy” rating on shares of Europa Oil & Gas in a research note to investors on Wednesday, December 11th. Separately, analysts at Northland Capital Partners reiterated a “buy” rating on shares of Europa Oil & Gas in a research note to investors on Tuesday, December 10th. They now have a GBX 14.30 ($0.24) price target on the stock. Finally, analysts at Northland Capital Partners reiterated a “buy” rating on shares of Europa Oil & Gas in a research note to investors on Thursday, October 24th. They now have a GBX 19.70 ($0.32) price target on the stock, up previously from GBX 17.60 ($0.29).
Europa Oil & Gas (LON:EOG) plc (Europa) is engaged in the exploration and production of hydrocarbons in Europe.
It is a real shame that the BOD did not wait until the spud of Wressle for the placing as they could have also played up the shale potential in the PEDL 181 licence we have and got the placing away at a much higher price. It was really a bad decision but we are where we are and thankfully there is light at the end of the tunnel.
The shale potential could be very big in the PEDL 181 and I think that there will be continual speculation and share interest for some time as Total are going to be around for some time looking at the Onshore UK shale potential. It could just be the start of real interest in UK onshore.
There will be a lot of trading going on for the rest of the month, I am fairly confident it will stay above 6p because it really was a very low price the BODs negotiated for the placing money.
The offer closes for paper application forms at 14/01/14 but for Crest applications it closes on 17/01. Call your broker tomorrow if you want them as they will probably be able to buy them through the Crest system.
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