RE: Questions for the AGM /Moroccan JV etc7 Dec 2022 11:09
"The last year was an exceptionally busy period for Europa, positioning it very strongly for the future,” O'Cathain said today. “Despite the continuing economic volatility, the period delivered good operational results.”
Production for Europa’s 30%-owned Wressle field has risen to the current rate of 700-750 barrels of oil per day (bopd) gross (or 210-225 bopd net to Europa).
“We are excited about undertaking further development on the Wressle field with a planned gas monetisation project unlocking further upside potential for oil production rates and gas sales from the field. This could add an additional 50% to oil production rates, further boosting Europa's revenues,” said O'Cathain.
“Looking forward, I believe that we are starting to reap the rewards of delivering on our strategic vision, with strong cash flows from our onshore production, further development opportunities at Wressle and Serenity as well as material upside potential with our exploration assets in Ireland, about which we are very excited.”
SO HOW COME IF YOU ARE GIVING SHAREHOLDER VALUE MY LARGE HOLDING IS WORTH LESS THAN 25% OF WHAT I PAID?
It's a reverse Ponzi scheme where it has paid nothing to earlier long term investors, I bought in (was sucked in on promises) at 6p and 3p, who cannot add anymore at ridiculously low prices and fund raising at 1.8p ...so newer investors will get the benefits
Bantam ...shareholder value my fanny, currently director value only.