Europa Oil & Gas (Holdings) Live Discussion

Bantam Spirit 09 Dec 2016

Re: Someone thinks we are undervalued!! Why 6 to 7 years?Bantam...seems to me that it should be earlier than th

forwardloop 09 Dec 2016

summary [link] OiI and Gas PLC (LON:EOG) has given a bullish update on prospects to shareholders at its annual meeting.Activity is picking up onshore UK, said Hugh Mackay, the oil and gas group’s chief executive.Once Wressle, in Lincolnshire, comes online, Europa’s UK production will increase by 100 boepd (barrels per day) to 220 boepd, which will mean a positive cashflow at oil prices above US$30 per barrel, he said.Europa is fully funded for Wressle’s development following the sale of a combined 13.34% interest in the associated licences, PEDLs 180 and 182.Mackay said the company values its 20% interest at £3.7mln or half of its market value including the proceeds of the stake sale.In addition, Europa has seven operated licences covering an area of 5,818 sq km, six play types, three basins and twenty prospects and leads offshore Ireland.The portfolio potentially holds gross mean unrisked resources of 4bn barrels, said Mackay.In the UK, Europa also has a 32.5% interest in the Holmwood prospect, “which we rank as one of the best undrilled conventional prospects onshore UK and that we intend to drill in 2017”There is a 25% interest in the Hardstoft oil field PEDL299 with contingent resources of 3.1mln boe and a 45% interest in PEDL343, which contains the Cloughton gas discovery. Share

PERPETUAL OPTIMIST 08 Dec 2016

Re: Someone thinks we are undervalued!! Undervalued only on the explorationist fantasy; that said, it all looks good on paper but only the drill bit will tell. At least they admit the wait is 6-7 years. Shorter term it will be the land operations that might nudge some movement. The French hope seems to be dead in the water.

forwardloop 08 Dec 2016

Someone thinks we are undervalued!! AGM statement. Seems our trouble is that we are currently off the radar of most.Softly, softly for the patient over the next 6 - 7 years.....8 December 2016Europa Oil & Gas (Holdings) plc (‘Europa’ or ‘the Company’Annual General Meeting StatementEuropa Oil & Gas (Holdings) plc, the AIM quoted UK and Ireland-focussed oil and gas exploration and production company, is holding its Annual General Meeting (‘AGM’ later today. At the meeting, CEO Hugh Mackay will make the following statement:“Against a backdrop of low oil prices, 2016 saw excellent progress made in delivering on Europa’s twin strategies: growing its licence base in our chosen markets of offshore Ireland and onshore UK; while at the same time actively managing our existing projects to maximise value for our shareholders. Most notably, Europa has become a leading explorer in Atlantic Ireland with one of the largest licence positions and a strong and diversified portfolio. Atlantic Ireland is a rapidly emerging exploration hotspot which this year saw the arrival of majors including ExxonMobil, Nexen and Statoil in the latest Irish licence round. Meanwhile in the UK, we secured two sales and a farmout which will enable us to fund our share of the costs associated with bringing the Wressle discovery into production and drilling the Holmwood well in the Weald basin in 2017.“Following the best licensing round ever in offshore Ireland, earlier this year the Irish Government awarded 28 licences to 14 groups/companies, five of which went to Europa. Today, our Irish portfolio of seven operated licences covers an area of 5,818 sq km, six play types, three basins and twenty prospects and leads. The portfolio potentially holds gross mean unrisked resources of 4 billion barrels of oil equivalent (Europa estimates) and 1.5 TCF of gas (Europa estimates). We already have two prospects which are drill ready and our objective is to generate six drill ready prospects, any one of which could deliver a company maker for Europa. For a company with a £12 million market capitalisation, Europa, in our view, punches well above its weight in terms of our potential exposure to high impact exploration success, an impressive achievement considering the blue-chip names which have recently entered the region.“Our new licences provide Europa with exposure to all the various play types which have attracted the majors to the region: Paleocene, Cretaceous Shelf, Cretaceous Fan, Syn-rift, Pre-rift and Triassic gas. In particular the Syn-rift play, which yielded Statoil’s Bay du Nord discovery in the Flemish Pass, offshore Newfoundland in 2013 and recently attracted exploration investment of over C$2 billion, is hoped to be developed in Atlantic Ireland. Europa has a range of prospects from deepwater high risk frontier exploration to shallow water, lower risk infrastructure led exploration next to the Corrib gas field. We are currently focused on securing farm-out partners for our South Porcupine licences and at the same time conducting technical work across all the licences to mature leads to prospects and prospects to drill ready. being exposed to all the major plays and basins currently being targeted in the region, Europa stands to benefit from the success of other operators and not just our own. With Providence Resources looking to drill in 2017, Woodside Petroleum the following year, and with newly arrived majors having already acquired seismic on their licences, we predict an increase in exploration drilling in Atlantic Ireland over the next five or six years. Europa is therefore well placed to benefit from any exploration success.“Activity is also picking up onshore UK. Following two separate sales totalling a combined 13.34% interest in PEDLs 180 and 182, our share of the costs associated with bringing the Wressle discovery into production in 2017 is fully funded, and we will therefore not need to seek external funding to fund our share of these cost

forwardloop 24 Nov 2016

25p target www.proactiveinvestors.co.uk/companies/news/169488/europa-oil-gas-divests-more-of-wressle-169488.html?utm_source=Sign-Up.to&utm_medium=email&utm_campaign=7163-359544-Proactivity+-+24%2F11%2F2016

PERPETUAL OPTIMIST 22 Nov 2016

LATEST RNS Always looks good on paper. The proof of the pudding is in the drill bit. Still no takers for partnership.

Eadwig 13 Nov 2016

Trump Impact - oil patch next? Cramer's 'best growth' oil play to benefit from Trump deregulation Friday, 11 Nov 2016 | 6:15 PM ET | 08:49With Donald Trump's election into the White House, Jim Cramer is on the hunt for money managers' plays under the new leadership. He has his eye on the oil patch.With Trump in the White House and the Republicans controlling Congress, many investors expect less regulation. This was clear from the rotation into bank and drug stocks this week, and Cramer expects the oil industry to be the next group to be picked up."With a Trump presidency on the horizon, I expect the oil industry to benefit from a wave of deregulation," the "Mad Money" host said.Cramer focused on the exploration and production companies that could still survive with the price of crude in the low $40s. His top pick was EOG Resources, which is one of the largest independent oil companies in the patch."The thing that really sets EOG apart, though, is that it still has an ambitious agenda to increase its production, which makes this stock the best growth play in the oil patch," Cramer said.EOG is all about efficiency. It drills on its own acreage to find the lowest cost reserves in an effort to get the greatest amount of cash from each unit of production.EOG's stock was hurt badly when the price of oil initially went into free-fall more than two years ago. However, Cramer noted that the company has had tremendous gains for 2016, even though it has lost money each quarter and suffered declines across most businesses.For example, when it reported its most recent quarter it had a slight top-line beat, but had a larger-than-expected loss. What really excited investors, though, was that management raised its long-term production growth forecast.Back in August, EOG forecasted 10 to 20 percent production growth through 2020. That caught Cramer's attention. The fact that the company raised its prediction in such a short period of time indicated to him that management is bullish on its business.However, one thing Cramer wanted investors to remember is that EOG is a growth stock, not a value or yield play."When you buy a growth stock, you are not betting on its current numbers, you are making a bet that the company will be able to grow its sales and earnings dramatically over time," Cramer said.That is why growth stocks can seem expensive — investors buying them aren't looking at this year's earnings. They are valuing the stock based on what they think it could potentially generate in two or four years."If EOG slips up and fails to meet those long-term expectations, the stock can get hammered as it has little dividend protection. But in this case, I very much like the risk-reward," Cramer said.

forwardloop 06 Oct 2016

Re: From ProActive yesterday... today[link]

Jitter 04 Oct 2016

From ProActive yesterday... [link]

PERPETUAL OPTIMIST 27 Sep 2016

Re: DATA ROOM OUTCOME So a development plan that will increase production from early 2017. EOG is fast becoming a jam tomorrow outfit. Seems the only optimistic indicator is the high volume purchase directors have recently made. Everything else is aspirational which so far is not shared by an emerging JV partner. Both in France and Ireland. Hopefully outcomes are jam tomorrow and not jam on their face.

PERPETUAL OPTIMIST 05 Sep 2016

DATA ROOM OUTCOME The data room exercise does not seem to have thrown up sincere interest. Perhaps waiting for results from adjacent majors seismic. All in all plenty of perceived value but this will not materialise until someone comes on board to share EOG's enthusiasm. Both in Ireland and France.

Sambram 15 Aug 2016

SP UK acquisition "Europa has acquired 100% of the share capital of Shale Petroleum UK for a consideration of £1. This acquisition increases EOG’s interest in the Hardstoft oil field to 33.32% and in the Cloughton gas discovery to 45%. Europa’s original interests in these fields came about during the latest onshore licencing round."Update from finncap on research tree

The Duckie of Cornwall 28 Jul 2016

Early SP Rise SP up on low volume and assume not linked to directors buy yesterday; so is this ahead of some news (although director would not be able to trade ahead of known news) or is this the MM's trying to stir the market up?Cheers

Jitter 21 Jul 2016

In today... ...3 month chart and todays volume look good. Future production and blue sky appeal. Thanks forwardloop for your posts. J.

forwardloop 18 Jul 2016

prime acreage in what is clearly an exploration hotspot Europa Oil & Gas Holdings Plc (LON:EOG) has revealed new estimates for several exploration targets, each seen between 300mln and 1bn barrels, in its recently acquired acreage.Licensing Option 16/19 was awarded to Europa in Ireland’s latest licencing round, and the highly prospective acreage is now being rolled into an ongoing farm-out process alongside an adjacent area.The exploration company highlighted that ‘Cretaceous submarine channels’ seen in its neighbouring FEL 2/13 cross into LO 16/19.“Europa has a deep technical understanding of the Cretaceous fan play in the Porcupine Basin and has insights that allowed us to map submarine fans in LO 16/19 fed directly by submarine channels in FEL 2/13,” said Hugh Machay, Europa chief executive.“There is strong technical and commercial synergy with our existing licences in FEL 2/13, FEL 3/13 and LO 16/2 and we can immediately include this award in the data room for the ongoing farm-out of these licences.”Mackay added that the recent entry of majors and super-majors into the basin is already having an impact in what he describes as a ‘hotspot’.“Europa has prime acreage in what is clearly an exploration hotspot and we look forward to developments with great interest,” he added.[link]