The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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European junior Panoro Energy and the government of Equatorial Guinea have reached an agreement on the contractual terms and conditions for the award and exploitation of offshore oil and gas block EG-23
Interesting RNS out this morning from Union Jack Oil - OTC listing.
The share pric action over at UJO has been mystifying to me - they've had a string of reasonably positive RNS's and yet the SP continues to drift down. They also pay a dividend and buy back stock !!
I pulled us the chart for UJO and superimposed with Europa and shockingly Europa has significantly outperformed over 1 and 3 years even though our SP performance has been abysmal - can anyone explain that.
Or sell it onto shell or bp
Serif yes I think your right there
My pleasure. now I know what to look out for I will keep an eye on them. One caveat is that the NSTA does not indicate downtime if any, I believe it calculates bpd based as an average of the month regardless of any downtime
So Whisby looks the best of the bunch - on an average of 32bopd about 21bopd to EOG.
That makes the total production from assets other than Wressle about 38bopd. That’s a fair bit higher than I thought and at current OP still worth having in the background.
Thanks for all your research Itsawrap.
Exactly serif.. I've had enough of Inishkea being this. Then being that. To much waffle. I want to see a farmout. There is nothing stopping this now. So either europa deliver soon or just stop uploading nice graphics and say it ain't going to happen. Zzzzz
Looks like that one’s run out of road - unless they are doing something to it now. Probably worth asking WH what is happening there.
Whisby
Aug 28.6 bpd, Sep 28.1 bpd, Oct 33.7 bpd, Nov 29.1 bpd, Dec 36.9 bpd, Jan 35.9 bpd
Crosby Warren
Aug 6.1bpd, Sep 1.3bpd, Oct 5.1bpd, Nov/Dec/Jan zero
I suppose so Bubble, although tbh the only bit of the plan I’m interested now is the word “farm out”, as the rest is all costs and its time to get something back.
Serif all going to plan for inishkia then 👍
WestFirsby - A bit of a yo-yo then! Works out at an average of 17bopd a month over that period.
West Firsby - Sept 18bpd, Oct 20bpd, Nov 12bpd, Dec 23bpd, Jan 12bpd
Thank you Serif.
Than you Serif.
Just seen this on website
https://www.europaoil.com/wp-content/uploads/2024/03/27th-March-Main-Stage-9.30-9.45-Jamie-White-Infrastructure-Led-Exploration.pdf
Seems to say that 30Hz is completed on Inishkea - and that the EQ work programme to identify additional prospects is half completed with a farm out launch planned in Q2.
Very, very, very modest, I believe. I think they said it was more a case of managing the decline than looking to exploit further. But fwiw the website says they have 100% of West Firsby and Crosby Warren and 65% of Whisby W4 - would be pleasantly surprised if this was still producing more than 30bopd for EOG in total.
Am I correct in saying eog has modest revenue from other uk onshore wells? if so I could find the nsta data for them - i just need the names
The problem is no one trusts any time frame EOG offer to the market, which will NOT help the share price. News and dates seem to be like trying to pin a tail on a donkey blindfolded.
I had a rely from EOG last week saying there was no news yet to share on Cloughton. A bit dissapointing.
Dear EOG, it would be nice to hear the 30hz date for Inishkea has been released. Currently we are heading towards 10% of the 2 year licence waiting for the new data. I hope this 1 month time frame will not get delayed like many past time slots. Cloughton news was imminent at the end of January.
I think all the partners came out with that figure from Egdon - not just Bramhill. I am sure that they will have picked the best days up to the RNS date in Jan - although as we know they were still increasing the rate gradually up to then to avoid “water coning”, the average for the month would presumably be lower. I was just curious that the NSTA data always seems to lag daily flow rates in RNSs and wondered if this was them always overegging the figures or simply a feature of inevitable slowdowns/stoppages for regular maintenance and upgrades?
Not in the data download. be aware the 665bpd that Bramhill announced in the RNS was an average but he was careful not to mention over what period, imo he was trying to give a false impression without anyone being able to accuse him of misleading investors - typical smoke & mirrors
@itsawrap. That looks decent. Do you know if the NSTA date records maintenance days - as it always seems to lag the flow figures given in RNSs by a few percent?