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Does anyone know?
Is pointless selling now and realising the loss.
H2 may well produce two transformational farm outs.
I’m hoping to only lose half my life savings now but I’m not sure if I might be being unrealistic ?
With the shares at almost 1p surely you jest (bought mine at 6-9p). Same mo - lots of initiates, lots of anticipated and exciting news - focus on future news with nothing delivered - where are end’s
If wressle had been properly handled we’d be at 3/4p. Only people who have ever gained are successive directors who travel the world at our cost - so unjust
Promise I will stop bleating
“I look forward to working with Eleanor on the board as the executive team continues to build on our exciting portfolio of assets, grows our business and generates value for our shareholders."
I wonder where the shareholder value is?
Https://x.com/europaoilandgas/status/1779794289423487372?s=46&t=yb4bY8lQ32WiMrlMFx8_yQ
Not sure what happened there but here's the link:
https://www.sharesoc.org/campaigns/shareholder-rights-campaign/#join
Anyone that complained here about this issue - there is an online petition as well as a form letter to send to your local MP.
Aimshare - thank you.
Here's the link to the site you mentioned:
Tony,
I fully agree, the digitation taskforce which outlines that all shares should be held by broker/nominee accounts will preclude any shareholder rights if it goes ahead without ensuring shareholders have the right to exercise their votes. It is a fundamental point. I am very interested to hear what HL says to you. Just for clarity, they will vote the way you ask but will not call an EGM on behalf of shareholders and that is the problem as they own the shares, not the shareholders. Our rights have been taken away. I have written to my MP about this and I would urge everyone else to as well. Look at Share Society for a template.
And just for clarity - i'm not suggesting that an EGM be called - I think as others have said, Will Holland needs a little time to prove up his strategy. However, if we're sitting here 1 year from now and the only progress is additional directors and more Management options - what then ?
"You have to re ask the question for the long termers would you invest in the company now given the fundamentals or would your money be better placed elsewhere genuine question?"
that's an interesting question:
UK assets - difficult regulatory environment and takes forever to get permits / approval. Contrast to i3e where they can apply for a licence and be drilling in less than a month. Also the farce with the installation of the pump gives you cause to question the competency of the operators.
EG & Ireland - these are binary outcomes - the're either going to happen or they are not. In these kind of scenarios you would want to be backing a CEO with a track record of building companies and creating value - Andrew Austin from Kistos springs to mind - non of Europa's past CEO's appear to tick this box - Will Holland is still auditioning for the part.
So I think it safe to say there are better opportunities out there but then theirs always the carrot - what if Ireland or EG drops - the rewards will be substantial.
Trackman - your post is non sensical - what's all this rubbish about buying a penny stock, risk reward and shut up and enjoy the ride - what are you going on about and whats that go to do with the price of Tea in China ???
This is about shareholder rights and holding a Company/ CEO to account. As owner of a couple of million shares - I hope Will Holland succeeds but if he doesnt -shareholder rights should be respected and and EGM granted if requested. Its not even just about Europa - i'm sure posters here hold shares in other AIM stocks and want to have the ability to exercise their rights if the situation arises.
So in conclusion - sit in your chair - shut up - do nothing and keep on hoping - if thats what YOU want to do !
Agreed @Trackaman this is AIM all over these days unfortunately. Can anyone answer where the market has moved since the hype of these shares? Is it crypto etc?….. it seems people are a little wiser to what they are invested in but the majority are stuck in the old narrative. Investing 101 I guess. Learnt the hard way. For some reason I still hold faith here after 12 years as funny as that may seem and believe Ireland may happen You have to re ask the question for the long termers would you invest in the company now given the fundamentals or would your money be better placed elsewhere genuine question?
Tony, interesting you're still pursuing this, in some respects I commend your commitment, but on the other hand I wonder why you bother. Europa is a tiny o&g exploration company, yes serenity failed, Ireland is stuck and who knows with EG, but if you want to invest in guaranteed dividends from o &g then choose a major or alternatively go for gold and invest in a penny share company worth £10mil then shut up and enjoy the ride. This is risk and reward, the risk is high, the reward is high. Serenity didn't deliver but what if it had?? Maybe, just maybe and I very much hope as a significant holder that something happens soon.
Tony , worth a go good luck
That is excellent - well done
Just for information - i'm in correspondence with Hargreaves as to why they did not support Shareholders last year in calling for the EGM.
They initially seemed surprised as the "beneficial owner" certificates have normally been sufficient or at least this is what they said.
I made it quite clear that their letter / certificate was not sufficient and provided some emails from Europa and the former CEO to support this. They promised to review and get back to me. I'll let you know their response in case we want to do it all again in the slim chance that Will Holland does not deliver for us !
Agree. Serenity Tain is still a potential massive positive for us.
I dont agree 100% with your analysis of Serenity - had it come in, it would have been a game changer and we would all be saying what a brilliant man Simon oddie was instead of now calling him a 2nd hand car salesman.
What you have to question with Serenity is why the reserve auditor was much better at assessing the field than the combined technical teams of i3e and Europa.
With regards to dropping Tain licence - this was more to do with Respsol wanting to exit the UK rather than the quality of the asset.
If i3e were able to get the Tain licence - Tain plus Serenity would be quite an attractive development with around 20m bbl of recoverable oil. There are fields of this size being developed in the NS so Imo its a bit of a free hit if anything comes of it.
@fairdealer I agree, Serenity was a very poor play and a total waste of money; this I believe was proven by the fact the next door Tain licence was surrendered and also both companies wanting to develop Serenity are relatively tiddles and both don't have the resources to develop the field.
Ireland could yet surprise us, I say this becasue of the close infrastructure nearby that cost a fortune to build and will simple rot if not used and Ireland needs gas and electricity for it's ever expanding data centres. Although, the Irish seem oblivious to this, so I'm not holding my breath; this saga has been going on for many years already!
Further development of Wressle and Africa is our best hope; Europa should look for projects outside Europe; we seem to all be fooling ourselves that importing oil/gas from the US and Saudi somehow makes us more green than developing our own oil/gas locally which would ironically save millions of tons of CO2 emissions!
Does anyone know how many barrels of oil Europa is producing now?
IMHO
Given the Political shenanigans, serenity is a bad investment, any further funding their is unlikely to produce much if any benefit to the company.
As for cash flow from Wressle, well at least that will fund the payroll.
Ireland appears another Political nighmare that goes on.
The best hope must be Africa. Lets hope our "expert" directors produce the rewards we all deserve.
The problem is they are not accountable - long list of ceos and directors who have failed - on high salaries driven by remuneration committees - take their full and then someone else takes over
All we can hope is that they pull either
Ireland or EG off otherwise we are proverbially stuffed - lost so much here
Is WH different - serenity would suggest not …
They have to justify taking the money?
Yep always starting the farm out. Then 4 months later it’s ’lots of interest in the data room!’ Then 5 months later ‘we will be reprocessing the data for the next 5 months to get the data the best it can be then relaunching the farmout’ round and round we go.
We’re always close to ‘starting’ the farm-out process. Hopefully E.G will be different…
Let’s hope and all will be forgiven.