Option Grants I hope the options become worth exercising.
Re: FARM OUT Now 5 months into Farm Out.Pleased with response, but no indication of progress beyond saying the recent licence award is a positive development.Activity on these licences is focused on finding a farm-in partner with whom to take the licences into the next exploration phase and drill an exploration well. The target market is major and mid-cap oil companies and the farm-out data room opened on 11 January 2016. Europa is pleased with the response from target companies and considers both the Phase 1 and Phase 2 awards to be a positive development for the farm-out.
five new licences! finnCap published a note today, it's up on Research tree "Europa has bolstered it acreage in Ireland following the award of five new licences. Consequently, Europa now has exposure to 4bn boe and 1.5tcf of prospective and indicative resources across multiple exploration prospects in seven licences. Licence details. The company has been awarded five new licences by the Irish government. These licences provide a range of technical risk across a wide variety of geological plays."
finnCap published a note today, it's up on Research tree "Europa has bolstered it acreage in Ireland following the award of five new licences. Consequently, Europa now has exposure to 4bn boe and 1.5tcf of prospective and indicative resources across multiple exploration prospects in seven licences. Licence details. The company has been awarded five new licences by the Irish government. These licences provide a range of technical risk across a wide variety of geological plays."
FARM OUT The Farm Out Data Room opened 11 January. Is the steady slide an indication there are no takers?Also await news on the final round of awards. Due May. Not many days left till then.
article [link]
EOG 2016 After a disappointing 2015 for Europa with regards to the share price have been adding a few here lately. Feel that they now offer good value on risk reward basis. The data room for Ireland opens on 11th January which is fully booked. They can hope that a new JV partner will be found in H1 2016. Also we know that Europa should start producing at wressle in H2 2016. This will if forecasts correct be 33.3% of 500 barrels per day and make Europa break even 30$ to 40$.[link] main issue in the backround as with all oil companies is the price of oil. however Europa do have cash in the bank and no debts to finance.
info - sees high demand ahead of Irish farm-out talks [link]
Re: Must Watch Interview It certainly is a must watch. Their French HPHT field used to be the company's star attraction and now it's a minnow field producing less than 200bpd. Just don't get how they will ever be able to do anything with a deep water and difficult play off west coast of Ireland as this requires serious investment. What they have at present just about keeps the lights on.I suppose looking at the share price is a good indicator of market enthusiasm.
Re: Director Dealings I think someone has their basic maths wrong here. Divide the amount invested by 100 to get back to pennies and the investment is £9674. Hilarious!!
Director Dealings [link]
Hot tips if UK shale gas exploitation powers ahead [link]
info [link]
Re: $7Bn CPR Things seems to be getting back on track with Ireland. Good timing with the Ireland meeting tomorrow[link] Also with the low oil prices rig costs lowerWith the wressle news last week things feel more positive here.
Re: $7Bn CPR Big bucks, but only if the drill bit proves the explorationists correct. Before then must JV a partner or two. Very soon hopefully.