We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Good posts but there’s not much point in keeping quiet.
I know I can take a look elsewhere but are there any actual results, what did they pay for Antler and who are Antler?? Where is that licence?
It looks to me as if the BOD are out of control and running this as a lifestyle organisation for their own amusement.
As I’ve said previously this company would be better managed by a well management organisation with some entrepreneurial spirit. Shame none of them have bought 10 to 20% of the shares if that was possible. I don’t know what the share split is and who the ‘big’ boys (a joke) are.
I’ll do some research as this company is all wrong too to bottom.
For instance why not use say 25% of free cash flow to buy back shares at this ridiculous price - they won't do it as they intend to squander the last of wressle entirely on further projects - so angry but I will keep my promise yesterday and stay quiet and then loudly eat my hat if EG comes off
Absolutely they are
I just wish that for once instead of setting out a glorious future with dates they won’t even get close to they showed some humility and introspection in terms of how things have gone so wrong for so long - the project under numerous ceos has not worked. Why - where is the analysis to inform how they go forward. Yet we get the same approach with the word strategic sprinkled liberally around and the use of their collective business acumen to identify new projects. Please sell what is left of the company and wressle whilst there is still some value left. Even the cash position looks poor with a chunk mortgaged off to EG.
I hold a large number of shares., am generally a positive person but this company is being run for the directors wallets/egos. At least wh did but a few shares so that was something
The silence is deafening, obviously these results are underwhelming !
Looking at the data for Jan, EOG has net revenue of about $500k per month
I agree - have already sold at a significant loss - will hold on to the rest until the end. The price now is absurdly low and besides held for so long I have grown attached to them - classic mistake
Tovoc, have a look at my posts from 2nd April, I listed all the NSTA data for the last few months for EOG's wells
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.