millwallfan
08 May 2017
Re: lovely jubbly I feel both forecasts are quite optimistic. If a farm out to a major and/or when production income commences I hope we will see 20p. Over 25 and I'm out. Over 50 I would be over the moon !!!
Bantam Spirit
08 May 2017
Re: lovely jubbly [link] above is a short but good interview with Hugh this morning.Above 50p would be great.I think above 10p by end of June now.Bantam....and we are off to Wembley...can't be bad
forwardloop
08 May 2017
lovely jubbly and house - broker?? Broker Forecast - finnCap issues a broker note on Europa Oil & Gas (Holdings) PLCStockMarketWire | Mon, 8th May 2017 - 10:10finnCap today reaffirms its corporate investment rating on Europa Oil & Gas (Holdings) PLC (LON:EOG) and raised its price target to 52p (from 36p).I suppose at some point some people will find their way to this under-researched share?FWD
cwmtawe
27 Apr 2017
Farm out to Cairn [link] not currently holding shares here, however positive news flow this month is making me think about placing a small amount on the the table, more research required !
forwardloop
06 Feb 2017
chief - interview today [link]
II Editor
06 Feb 2017
NEW ARTICLE: The Oil Man: Ithaca takeover, Aminex, Europa "WTI $53.83 +29c, Brent $56.81 +25c, Diff -$2.98 -4c, NG $3.07 +2cMarginally up last week but creeping in the right direction aided by the Iranians doing a missile test that was probably ill advised for such a peace loving nation…The Donald ..."[link]
karlos23
23 Jan 2017
Re: Eire O Just to point out, the licenses shown as Kosmos are now 100% EOG
forwardloop
23 Jan 2017
Eire O & G concession 2016 EOG are there somewhere! A minority interest cf other players[link]
Ripley94
11 Jan 2017
Re: Someone thinks we are undervalued!! ??
Bantam Spirit
05 Jan 2017
Re: Someone thinks we are undervalued!! See what I mean...Bantam ...last two days helping me retire comfortably
PERPETUAL OPTIMIST
04 Jan 2017
2017 MOVER Perhaps been included in many portfolios as a potential 2017 mover.
mt4500
03 Jan 2017
Wressle planning application [link] planners recommend Wressle production plans
Eadwig
14 Dec 2016
Huge Reserve Upgrades Massive upward revisions in EOG Resources Inc's EUR (Estimated Ultimate Recovery) guidance materially enhanced its premium well portfolio in the Delaware Basin.Operational gains enabled EOG Resources Inc to push many of its Delaware well locations into the Tier 1, or premium, category.Extension of lateral fracks from 4,500 to up to 7,000 feet, combined with other new recovery techniques used in the Wolfcamp and now being spread across all Delaware Basin wells is improving productivity by typically 75%. This from a company that already had fracking recovery costs in the region to below $20 per barrel.When EOG Resources Inc updated investors in November the firm posted some great operational updates that anyone interested in the oil & gas industry would find intriguing. This was the first quarterly update since EOG Resources announced the very strategic and complementary purchase of Yates Petroleum Corporation.The key part of the Yates deal was that it expanded EOG Resources' presence in the very economical Delaware Basin through a primarily all-stock deal for a very fair price. Most of the acreage is located next to EOG's existing position, enabling the seamless implementation of longer well laterals.Massive upward revisionsDuring the third quarter of this year, EOG was happy to announce that its resource potential in the Delaware Basin had grown by over 150% to 6 billion BOE even though its acreage position had only grown by ~75% (it appears EOG sold off 8,000 net acres in the region somewhat recently, most likely in areas outside of its focus) to 416,000 net acres.A massive part of that upward revision was due to EOG's estimated ultimate recovery assumptions sharply moving higher. For instance, the average EUR in the Wolfcamp oil and combo plays increased by 77% and 72%, respectively, versus previous assumptions. What makes those results truly impressive is EOG Resources' updated guidance indicates those wells are yielding more hydrocarbons on both an absolute and most importantly a per foot basis. Improving productivity on an EUR per lateral foot basis means EOG's strong well returns just keep getting stronger.Leading the charge higher was a few factors culminating together, particularly enhanced completion designs leading to better recovery rates combined with the implementation of longer laterals. Back in Q2, EOG was guiding for the average Wolfcamp lateral length to come in around 4,500 feet. That is moving up to 7,000 feet representing a ~56% increase (less than the overall EUR boost), showcasing that more than just longer laterals are responsible for the EUR upgrades.As a result EOG Resources now sees 2.9 billion BOE in net resources across its Delaware Wolfcamp position, aided by an increase in net drilling locations of 530 to 2,660 net. More importantly, EOG now has 1,275 net premium well locations in the Wolfcamp which provides a long growth runway in a Tier 1 play. Keep in mind that back in August of this year, EOG's premium Wolfcamp inventory consisted of only 775 net locations.Longer laterals aren't just being deployed to the Wolfcamp. EOG Resources stated it is going to shift to longer well laterals all across the Delaware Basin. EOG is officially acknowledging that longer lateral are going to be the new normal, a popular trend in the unconventional upstream industry.In the Second Bone Spring sandstone horizon EOG added 620 net well locations to boost its total to 1,870 net. Combined with its EUR per well guidance increasing by 90%, EOG now has a 1.4 billion BOE net resource base in the play that houses 1,140 net premium well locations. That is more than double of what EOG saw its premium inventory to be just a few months ago.The final play EOG Resources is targeting in the Delaware is the Leonard shale, which is sometimes referred to as the Avalon. What makes the revision for the Leonard interesting is that its EUR assumptions jumped by 135%, leading to a roughly t
