Member Info for Flombo10

The board obviously think we will be hitting 2p and above very soon , so making it easier, admin wise , to facilitate warrants .

Approval imminent??? My money on tomorrow!

It will nearly be a year now since the farmin was agreed. It has not been fast but whats another week or two.

The important point is that once received, all operational matters and timings will be under the control of EOG.

You would expect the ODI approval to come at least a week or two before the longstop date of July 31st to allow completion of all the legalities.

One of the good lines from yesterday was WH saying “if inishkea was anywhere else it would have be snapped up immediately..

“

So Ireland could be back in play in the near future . ( Bo;” we are looking at creative approaches “ )

But if Ed miliband get big position in the U.K. -dear god for our uk assets.

Also Bo said he couldn’t partake in fundraise.. ( so aware of problem that all non British shareholders can’t participate)- let’s hope they will be a solution to this .

INHO, we could be looking at 5p+ coming up to drill??

All resolutions passed including 5 and 6

They have identified a number of rigs but can’t sign until approval in .

Interesting re Ireland :They have restarted farmout process in Ireland .. they can’t say much at the moment but will update the market in due course .””

In opening speech from Bo, approval from China Imminent

Shore Capital is delighted to announce our appointment as Nominated Adviser and Corporate Broker to Europa Oil & Gas Plc (LSE:EOG).

Europa Oil & Gas is a UK-based exploration and production company with a diversified portfolio spanning the UK, Atlantic Ireland and West Africa, with assets across the full lifecycle from exploration to production.

The Shore Capital team for Europa Oil & Gas:

Investment Banking: Toby Gibbs, Ben Canning, George Payne

Sales: Jonathan Williams

Research: James Hosie

Trading: Ben Ralph-Davies, Max Wegoda

Investor Relations: Georgie Cardozo

WH comment today on a post on LinkedIn..

Will Holland • Following

1h...

Chief Executive Officer

“Next explanation well to be drilled in EG will be by Antler on EG08 targeting the 900bcf Barracuda prospect adjacent to the Alen platform.”

That’s a confident man who knows approval is in the bag .

https://www.linkedin.com/posts/cl%C3%A9ment-blaizot-297192129_africa-gog-energy-share-7475945891196121088-rFpl/?utm_source=share&utm_medium=member_ios&rcm=ACoAADgf57MBs_ncOtaSZ8ALQuNYXyz0plzL2Ds

We can only speculate why they changed but I imagine the low disappointing share price was a major reason .

Shore are a much bigger operation with Institutional sales desk and dedicated research teams. Over 300 employees compared to 10-20 Tennyson .

Expecting a research note very soon .

Interesting RNs .. we have moved a few divisions up with our new corporate broker- Shore have much better reach into institutional investors with a bigger more respected research wing. A research note on eog from them should move the dial .

Trackman, I am not talking about ramping ,never mentioned ramping . But there is a case for getting your rational investment case out there among investors so that shareholders can get the benefits along the whole investment cycle ,not just the end

Agree crushcut . , it could do with some focused marketing. In Jan ,share reached 2.3p. Discount that for funding dilution to about 2p in today’s terms .

Since then, we have strengthened our balance sheet and cash,got official EG approval and the clearest sign possible that Chinese approval will be here within a few weeks and we are now at 1.6p

So much for the theory of efficient markets but proof of the fundamental law of supply and demand as main determinant of price ( not value)

So definitely undervalued and the share is relatively unknown. We don’t even get Rampers here !!!

WH , the rest of the board and shareholders need to be telling the story in the next few weeks while waiting for the approval.

Crushcutter.. you want EOG to promote the shares, which is a good idea and yet your last email was doing the exact opposite “ hanging by thread” etc .”Practice what you preach “ comes to mind .

Disappointed with the low quantity of trades and the rise so far ,considering the news today . Maybe it will take off properly in the afternoon .

The fact that it is only until 31 July would suggest both sides are very confident that’s all that is needed to complete paperwork.

“the various government approvers are now satisfied with the ODI application and expects to receive this approval in the coming weeks.”

They are putting their credibility on the line here by this statement and would hardly do so without been given the nod by Fuhai and Chinese government.

Should be a good day for share price today

I can’t comment on ujo itself. I don’t know about its debts , commitments,expenses etc etc - just commenting on the valuation by many on that specific asset.

I see many are valuing Union Jack oil 40% stake in wressle from £15-£22m. That must put our 30% stake at 10-15m.

So our market cap at £17m is pure crazy.

Don't be fooled by traders posting baseless scenarios and fake claims, all they are interested in doing is making money at your expense.—- Hilarious, while yours is based on fact . You should be on the stage

Nerves are getting frayed , which is quite understandable.

Been reading up on Shandong DRC. It seems for foreign direct investments , Chinese regulatory bodies almost Never issue final approvals until the host country has legally bound itself to the deal.

They see foreign approval as proof that the project is legally viable and that Chinese capital wont be tied up .

So , EG approval 2 weeks ago ,basically moved the Chinese approval from “ pending status” to active status.

So historically from previous applications-a final administrative decision from Shandong and the local Ministry of Commerce normally comes 4-6 weeks after the foreign approval. So , IF the past is an indicator of the future , we should have Chinese approval within the next 4 weeks .