Member Info for Croxie

You have to think that we will have an RNS ahead of the 9th September....to be discussed on the proactive call

Not doubting you GRH! I have come across the Morley's too...the younger Morley's...friend of a friend...

Out of interesting and i hope no one will hold you to this! do you feel that the updated CPR is the next part of the jigsaw to be placed?

Its interesting that there was no mention of the funding of the Mou-1 drill. I have said before but perhaps there is a route to early monitorisation and therefore no need to fundraise or farm in. Is Mou-4 commercial? i guess to lots of questions we all hold our breathe...

Hi GRH....you must have come across the Morley's in your time then...

looks like we have a buyer(s) - buy was at full ask of 4.7p and now jumped to 4.8p as a full ask...selling at 4.67p

I think we are at 220 bopd and cost to extract is $6? so:

220 * ($65 - $6) = $13,000 * 365 days = $4.7m or in real money £3.4m with a MC of £9mish!

Strong finish! if 1,000 bopd is confirmed then Monday morning will be interesting!

The SP moves either way on very little volume. just shows you how tightly this is held. When we get the inevitable good news (IMO of course!) i suspect we will see fireworks.

I will say it again....what are we missing here? people not even selling into the rise anymore...the SP just dropping off daily...i have seen nothing but positive news from this company but it just has no traction...

Splice - if your research is solely reliant on what is posted on BB's then you will lose money...read the RNS's...read the documents on the company website...

Was MOU-1 the sweet spot? isn't MOU-1 on the edge of the acreage?

Splice - you just make noise. Why do you think they didn't raise (which was oversubscribed) enough money last month to pay for the drill costs of MOU-4?

Read the RNS - Clearly things are moving forwards on TT and i think likely to generate cash in the near term. As for Ireland, Who knows...But the opportunity is worth a lot of money to some or a few and the Irish government won't make a decision i feel until they absolutely have to.

Thanks Ginge...by when he says "net-net". I take that to mean after take from Egyptian government

are we missing something here?? Brian larking on Proactive says "we are pushing 3,000 barrels net-net to us" - that i assume is after the take by Egyptian government?

Volume isnt pointing to an off loading of the placed shares so either holding (given the SP) or were sold ahead of yesterday

SP defo strengthening - need to pay the full ask for 150,000 and selling the same at 4.931.

Would be great to break the 5p placing price and hold

This is not a off topic and defo worth a read. It will be interesting to see the outcome given the location. they have the same 75%/25% ONHYM structure like PRD:

Europa Oil & Gas (Holdings) PLC Farmout Launch of Inezgane Licence, Morocco
03/08/2021 7:00am
UK Regulatory (RNS & others)

Europa Oil & Gas (holdin... (LSE:EOG)
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Tuesday 3 August 2021

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RNS Number : 3235H

Europa Oil & Gas (Holdings) PLC

03 August 2021

Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas

3 August 2021

Europa Oil & Gas (Holdings) plc ('Europa' or 'the Company')

Farmout Launch of Inezgane Licence, Morocco

Europa Oil & Gas (Holdings) plc, the UK , Ireland and Morocco focused oil and gas exploration, development and production company, is pleased to announce the formal launch of the farmout initiative (the 'Farmout') of its high-impact exploration opportunity, the Inezgane Offshore Permit ('Inezgane' or the 'Licence'), offshore Morocco in the Agadir Basin, awarded to the Company in 2019.

Overview:

-- The Inezgane Farmout campaign has now been launched.
-- Inezgane represents a high-impact exploration opportunity in a highly underexplored area of the world representing an excellent farm in opportunity for interested companies and complements Europa's existing strategy of seeking to develop a balanced portfolio of assets.

-- The Licence is located on the same geological trend which has led to major oil and gas discoveries along the west coast of Africa with reservoirs and source rocks in common with the prolific West African play.

-- Europa's recent evaluation has identified a significant volume of Licence resource, in excess of 2 billion barrels (oil equivalent), in the top five ranked prospects alone.

-- Morocco offers excellent fiscal terms with a low tax take and several major and midcap companies hold acreage in Morocco, including ENI, Hunt, Genel and ConocoPhillips.

Hi Greg - I think you are right. if we are net 3,200 bopd and we "give" (i think) 41% to Egyptian government that leaves us with c1,900 bopd so therefore revenue at $70 pb per annum is c$48m or c£34m.

Do i have that right?

As stated in the RNS...Planning for the drilling (and spud) of MOU-4 is underway and long lead time materials being identified. So one can probably assume that the greenlight to drill MOU-4 from the partner has been given or imminent.

What i think we all agree on is that it is unclear how the drill will be funded. OR, is the clue in the RNS. "Trinidad and Ireland

The Company's recently appointed Chief Operating Officer ("COO"), Lonny Baumgardner, has been tasked with overseeing the next stage of C02 EOR operations in Trinidad as the impact of current COVID restrictions is gradually relaxed and the ability to carry out well workovers safely and efficiently improves. In the meantime C02 is continuing to be injected into the AT-4 block in the Inniss-Trinity field.

Opportunities have been identified to potentially realise the investment made to date in C02 EOR in Trinidad through consolidation with in-country producers expressing an interest in C02 EOR services provided by Predator Oil & Gas Trinidad Ltd.

An opportunity to capitalise on the progress made on the Mag Mell Kinsale FSRU project in Ireland through consolidation with a potential acquirer or acquirers of a producing gas asset in Ireland is also being pursued."

thanks Wack - I guess i already knew the answer but its always nice to reiterate what is deemed a "company maker"...and our target is 3 or 4 times bigger. TXP MC is 15 times bigger than ours...and yes they are producing 1,300 BOPD...but all the talk of TXP is about Royston...on the flip side...UOG has a MC of £25m and 2,500 BOPD and profitable and self funding a drilling program...its amazing when you look at the differences in O&G companies and their respective market caps.

this will is targeting 1 tcf of gas and could be transformational for the company...spud soon...can someone remind me what we are targeting....?? :)