II Editor
12 May 2015
NEW ARTICLE: Is this AIM-listed oil explorer worth 563% more? "LSE:EOG:Europa Oil and Gas has just received the competent persons report (CPR) on its Frontier Exploration Licence 3/13 (FEL 3/13), off the west coast of Ireland. And it looks good. The unrisked mean resource estimate has jumped by a fifth to ..."[link]
Eadwig
17 Apr 2015
In Bought my first tranche today (@98 approx with costs) before the price springs right back (hopefully) after being hammered during the oil price drop.I have a target of $115-130 over 1 to 2 years. Nothing spectacular, then, but I do like this company; very well run and renowned for the lowest cost wells in the USA shale boom.The latter will start to kick back into production once the current glut of supply is worked through, which will take a few weeks or months, I am guessing, with the oil price rising to around $80 before flattening out for a while.
PERPETUAL OPTIMIST
13 Apr 2015
Re: what does the UKOG news mean for EOG... Previous testing around the Dorking area came up with waxy, water wet crude. Needed pumping, heating and chemical treatment to get it to sales quality. Game changer highly unlikely.
millwallfan
09 Apr 2015
Re: what does the UKOG news mean for EOG? According to the company website we have a 40% interest in 5km sq close to Dorking. Could this be a potential game changer? How can we establish the potential impact on EOG of the find announced today- any ideas?
trickler
09 Apr 2015
what does the UKOG news mean for EOG? we have an interest in Weald basintclr
forwardloop
28 Mar 2015
Wressle discovery boosted by fourth test success I appear to be on my own![link] Wressle discovery in East Lincolnshire has been boosted further by a fourth flow test, which has brought the tally for the well up to 710 barrels oil equivalent per day.An oil column was identified within the Penistone Flags zone - separate to a previously tested gas interval - and that oil column has flowed at a rate of 77 barrels per day. The oil is said to be good quality, measured as 33 degree API.It is the latest piece of good news for the AIM partners in the well: Europa Oil & Gas (LON:EIG), Egdon Resources (LON:EDR), and Union Jack Oil (LON:UJO).The Wressle well will now be prepared for an extended well test (EWT), beginning in May, which will aim to confirm the discovery’s longer term commercial potential.Wressle’s fourth discovery is expected to have positive implications for future estimates of reserves and resources, according to Europa chief executive Hugh Mackay."The Wressle discovery has now flowed hydrocarbons from all four intervals tested. This is an excellent result and we are now working with Egdon to plan for an EWT later this year to optimise production from the field,” Mackay said.“Thanks to our 33% interest in the well and the production rates achieved so far in testing, Wressle has the potential to materially increase Europa's existing UK production and revenues.”Meanwhile, Egdon managing director Mark Abbott said: "The results from Wressle continue to be very positive.“The EWT is planned to commence in mid-May with operations expected to continue for up to two months."
forwardloop
03 Mar 2015
info [link]
PERPETUAL OPTIMIST
03 Mar 2015
GAS SAND Production strategy will now become the issue. Rules will dictate that the regime maximises reservoir recovery. Comingling opportunities over the three sands likely restricted, meaning each reservoir will likely have to be produced independently. That does not preclude having different wells producing on different reservoirs. The important factor is whether the reservoir sands are connected in any way. Still excellent news; the EWT now eagerly awaited to contribute to the Competent person report later this year.
mt4500
22 Feb 2015
More positive results from Europa Oil & Gas's onshore JV Proactive investors Article [link]
hobione
20 Feb 2015
Looking positive Bought in this week. Had a choice of the three Wreselle companies and plumbed for Europa as they looked most promising.... Will hold for at least 12 months now and see how it performs. Stop loss at 5p though mind..
forwardloop
19 Feb 2015
info + brokers [link]
mt4500
19 Feb 2015
Re: 17p tgt Another good update from Wressle today. Perhaps they will upgrade the target price again. With the estimates from Wressle could at least double the entire production.
trickler
19 Feb 2015
Re: 17p tgt Just need another 50% up on 17p to break eventclr
forwardloop
18 Feb 2015
17p tgt [link]
mt4500
16 Feb 2015
Re: 80% The stock was target price was increased today to 17P target by Finncap.[link]
