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to announce the farm out at Inishkea. A lot of very unhappy UK Onshore Oil investors around and probably selling up. EOG sitting on a veritable goldmine if the farm out that is under negotiation to a major oil company that would lead to THREE funded drills offshore Ireland with the best being Inishkea. That should be drilled next year into a possible 2TCF prospect next door to Corrib. Much better investment I think than the Weald.

Two ways only I think that EOG shareholders will benefit from Inishkea based on Drill Bit Success. Minnows like EOG just take the farm in through to drill. Success means Appraisal Wells, Tiebacks follow appraisals. Both mean excessive capital expenditure. It might be nice to imagine EOG retaining eventual production but to be honest they will be long gone by then either a) sell the asset or b) sell the entire company

So best case scenario how much is 15% (post farm down) of 2 TCF worth ?? A lot more than the currenyt Mcap for sure. Chances of success are 35%, Drill costs £15m? Nice bit of risk reward there ... All I am looking for is the spike leading up to spud .. EOG are in the right place at the right time and so am I !!

Can't believe the lack of interest in the news announced last year that a Major OIl Company is poised to farm in to 3 of our licences with commitments to drill on all three? Whether they do or not is another matter for their board to decide but the positive from that announcement is that our prospects have passed the geological tests. So if the prospective farminee doesn't go ahead for whatever reason which we will never hear about anyway there will be another.

Ireland is dependent on Gas. Kinsale is almost finished. Corrib is in decline. Brexit could cause significant problems. LNG terminals haven't got off the ground. And the best the government can come up with is gas from grass.

CPPIB with billions at there disposal decided to invest in Irish Gas .. they know more than me about good investments to be sure to be sure to be sure ...

a) All of these plays are capable of containing very large volumes of hydrocarbons, which is why the Directors believe major oil companies such as ExxonMobil, Equinor, ENI, CNOOC-Nexen and Woodside are active in the basin
b)The Company is currently negotiating farm-ins to three of its Irish licences (LO 16/20, FEL 1/17 and FEL 3/13) with a major international oil company which is active in North-West Europe
c) Fund a site survey covering the Inishkea prospect, expected in May 2019 with drilling at this site targeted for summer 2020 (subject to partnering);
d) Fund well planning in support of the site survey and basis of design for the final well location. Subject to the successful conclusion of farm-in negotiations, this will enable the drilling of the Inishkea gas prospect in summer 2020, as described above
e) Mean prospective resources ~ 1TCF
• Indicative P10 prospective resources ~ 2TCF
f)Play Chance of Success = 100%
Reservoir presence: very low risk
Source presence and effectiveness: very low risk
Trap: low risk
Reservoir effectiveness: key risk
g) Finncap say - However, the main reason to own Europa remains its exposure to Offshore Ireland, where negotiations are in the final stages to secure a partner and funding for three wells. A successful conclusion to these negotiations would be a major catalyst for the shares.
h) Finncap Target - 41p

I'm having some of that thank you very much

I know how this is going to sound and it is not meant to be rude but I am sure some of you will take offence. A positive sounding bulletin board is good for your investment (and mine of course). So if any of you feel the urge to write disappointing stuff on here why not think twice and just not write it. It will make a difference and when you pop in to read what has been written here your spirit will be lifted by all the positive comments and a rising SP. What is more aspiring shareholders will also be reading what is good about this company. I haven't been here long enough to comment on past performance but what I see now I really like. A wee company in the right place at the right time with the right asset backed now with significant cash in the bank and an income stream. I'll say it again - there can be absolutely no chance that Inishkea will not now be drilled - a country depends on it for goodness sake not just EOG. A huge investment vehicle like CPPIB would not have bought Corrib just for what was there without considering the potential for prolonging the life of the plant. Peanuts for them and Vermillion to fund a well and PLUS Vermillion, CPPIB and Equinor are all committed to further capital expenditure anyway on maximising production. This little company is a no brainer in my opinion ...

What on earth is going on here? You lot seem to be so bogged down in the past you don't appreciate the future. This little oil and gas company is sitting on a veritable goldmine at an SP that will rocket when the punters come on board for a ride to the spud of Inishkea. That well will be drilled. There is absolutely no chance it will not in my opinion. A major oil company has had a look at the seismic and has seen enough to take the farm in deal to the board for approval. I don't care if the board whoever they are turn it down, as far as I am concerned someone else will take it on in that event. Ireland cannot do without a new major gas discovery. I was looking today to see where the Stena Icemax was .. on contract to Exxon Mobil in Cyprus looking for Gas. Interestingly another island so desparate for the stuff that they are funding part of the drill. Just keep talking the share down please. I now have half of what I intend to buy here and I also intend to double my money this year here. So keep the SP down while I finish off my purchases .. Thanks a bundle. You are doing a great job.

Must agree about the negative comments but for now am happy to let them continue while I increase my holding here.

2.85 to buy at the moment - Wow! Thanks

A detailed explanation of the West Frisby Workover https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/713959/Decision_document__pdf_.pdf

and they have a contingent well planned in Ireland for 2021

Cairn - according to Sept Presentation are ..

FEL 16/18 and FEL 16/19
? FEL 16/18 Cairn 100% (Operator)
? FEL 16/19 Cairn 70% (Operator), Europa 30%
? Maturing prospectivity on Crean 3D
? Evaluating synergies with other operators

Old Henry eh? Interesting quote. Henry didn't abide with popular opinion. He sought approval from others to escape the word of the Pope and Sir Thomas More, God bless him would not give it, but on the other hand he didn't actually disapprove verbally. He remained silent on the matter and that silence was implied to be in favour of the status quo. Unfortunately it led to his execution but no matter, the maxim that silence supports the status quo is very relevant to the Brexit referendum and the millions who didn't vote. Margaret Thatcher recognised that in the first independence referendum in Scotland insisting that the majority of the total electorate was required not just the majority of those that voted. I would suggest that the majority of those who remained silent in the Brexit referendum may not be so quiet should there be another. There is no going back on it when we leave. The opportunity to make the mistake of the millenium remains. Whether the mistake is to leave or to stay who knows ...

Not sure it will be startling news but at least there should be something positive soon from the work over at West Firsby.

There is bound to be some news from the anticipated Farm In to Inishkea and the two Porcupine Licences soon.

A case of wait and see with regard to Morocco but probably not going to be earth shattering when news does arrive - still it is a project pipeline replacement in a country that has a much more amenable regulatory approach to E&P

There is a actually going to be a decision soon on the first Wressle appeal (extending permission to stay on the site) - no enquiry needed and of course the appeal on production planning permission is still to be submitted.

The one thing though that never appears to be on the agenda is M&A - surely given the state of the UK Onshore E&P industry there isn't room for so many small oil companies like EOG, EDR, UJO etc ... A merger might relight the fire with investors ? Just a thought.

My SP prediction for this time next year? 3p or 20p - nothing in between or lower for that matter - entirely dependent on Inishkea progress. GLA

The Brexit Referendum and Trump's election caused pandemonium in the markets. This year the same may well occur again. Brexit - whatever happens - will cause turmoil while the odds of Trump either jumping ship or being pushed this year are pretty low ie. odds on .

The oil price is likely to be pushed downwards by all concerned but gas demand is growing as I said below and if Russia turns nasty after Trump disappears it could hit new highs. That wouldn't necessarily affect EOG at this time but it would significantly raise awareness of Irelands dependence on gas.

I have been following EOG and other AIM oilers for a year now and have come to the conclusion that investing in Fracking and Onshore Oil in the UK is doomed to failure - the political risk of Labour taking over is too great and we already see local councils spoiling all efforts. But offshore Gas I think is the place to be. It is the only energy source that complements renewable energy and demand for it all over the world is going to grow as renewables flourish. Offshore is out of the way of the environmentalists. You also want a scenario that does not require the building of new onshore facilities which would bring the environmental groups back into play. Add to that a country whose energy supply could at best be described as weak (they still burn peat in Ireland and are looking at cow dung to replace it) then Corrib and Ireland really tick all the boxes. Nephin aka CPPIB are no fools, I can't see them sitting around and just letting Corrib expire in 7 years. They have the dosh and their team looks geared towards further exploration. Europa announced recently that they had a possible farm in partner for Inishkea - great - that might happen it might not - but what I take from that at least is that the people in whatever company it is that is interested liked what they saw and confirmed Europa's interpretation of the seismic. So I see little risk in Insihkea not being farmed out and drilled in 2020 as planned. With success, appraisal wells and tiebacks, Inishkea could be bringing Corrib back to full capacity in 2022 and extending its life for a further 10 years. The risk reward then for Nephin and perhaps Vermillion is negligible and the rewards for such a small company like Europa huge. So Europa is my sole entry into my bucket list for 2019. My expectation is that a farm out will be agreed and by this time next year contracts will be in the process of being awarded. At this entry level I am looking for a free carry of half my holding through the drill so looking to sell 50% at 6p. I am confident I will get this. Good luck to all of you who share my opinion. Happy Christmas and an extremely prosperous New Year.

Think you all might want to have a look at their website. Look at the employees/management and look at what it says on the front page .. "We are focused on growing in Ireland and Europe through the acquisition of material interests in assets across the energy spectrum" These guys have billions at their disposal ..

By the way - conflicts of interest at Board Level happen all the time. Standard procedure is that conflicted persons leave the room when the interest is being discussed...

Joins board of Nephin which is owned by CPPIB www.nephinenergy.com/board-of-directors/

If Putin cuts the gas to the UK then he cuts it to Ireland. First thing the UK has to do in an gas supply emergency is to stop exporting it to Ireland. I don't think its looking to good for Ireland then unless Europa Oil and Gas come to their rescue ;-)

Best time to buy is at the bottom of the market and I am calling this the bottom for UK Onshore Oil and Gas. Putin threats have to be the last straw and the Government has to start getting tough on anti-frackers. My bet is that they will and that companies like EDR will start to attract the investment they deserve.