hector22
20 May 2015
Re: info KarlosMany thanks for the info and links, I have a couple of Q's;Does the Irish Licensing round finish this Sept 2015 or next Sept 2016, seems to be some confusion?What is that tie that Hugh is wearing? Looks very Nights Templar! Maybe some secret code!ThanksHector
karlos23
18 May 2015
Re: info totally agree, France was the reason i originally started to build a position here. Its gone a bit quiet on this front but going on past experience, this doesn't mean nothing is happening.Just look at the Tarbes farm out, the heads of terms were signed last July, but the farmout not formally announced until 7 months later. In this period the company went very quiet, similar to right now.........
forwardloop
16 May 2015
Takeover target? [link]
PERPETUAL OPTIMIST
15 May 2015
Re: info karlos23; thanks. All good words. The one omission was any mention of France. That is another company maker opportunity.
karlos23
15 May 2015
Re: info [link] to believe you have not seen this yet, very interesting interview following our recent RNS and has given investors like me a very bullish outlook.The last minute is where he discusses the monetary valuation of Ireland due end of the month and it being company defining moment.You are welcome my friend
PERPETUAL OPTIMIST
15 May 2015
Re: info karlos23 Quote" Once we have ERC who are a blue chip company put a monetary value against our Irish asset, this will make a mockery of our current MC and this will hopefully have a massive effect on our SP." Hugh has said this news is due by the end of the month. He also said it will be company defining.Where is this statement by Hugh?
karlos23
15 May 2015
Re: info Hello Perpetual Optiumist, i can guarantee that if our first irish drill is commercial, it will be worth a lot more than 44p. This is not a ramp folks, simply fact!We are talking hundreds of millions with regards to barrels of oil here rememeber. It has been stated the minimum economical field size in Ireland is 100MMbo and the numbers published in this latest CPR dwarf this quite easily.Now in the interests of not being one sided, i will completely agree there is a long way to go before we drill Ireland and it being confirmed commercial. This is also fact but my point is the 44p target is based on where we are now and factors the long journey ahead.We have some very big value triggers due over the coming weeks and months which i am sure will increase this 44p target. Once we have ERC who are a blue chip company put a monetary value against our Irish asset, this will make a mockery of our current MC and this will hopefully have a massive effect on our SP. Hugh has said this news is due by the end of the month. He also said it will be company defining.Also, once the Irish licensing round is closed in September, we will see Kosmos start their farm out process at which point our 15% will become real bait for the big boys who may decide to make us an offer and it will be much higher that 9p we are at momentIt has been a drab few years here but behind the scenes our board have progressed our assets very well and we find ourselves now about to reap the rewards IMO Good luck everyone and enjoy the ride. Remember this is AIM so expect some crazy SP swings but it is only going one way from now on in
RegalPrince
14 May 2015
Re: info Looks interesting if NAV is 80% chances to be over £18 million 50% chances to treble then I am in:-[link]
PERPETUAL OPTIMIST
14 May 2015
Re: info Shareholders will hope you are correct.
karlos23
14 May 2015
Re: info Are you saying the price target of 44p is only acheivable if Ireland drill is proven commercial?if so, i have to disagree and infact it has been stated Ireland if commercial would be worth in excess of £2 per share for EOG. The 44p value is based on the CPR assessment and includes all the risk and long road we would have to travel before drilling.When we get the CPR monetary valuation in the next few weeks, i expect this 44p target to rise even further as well as the sp
PERPETUAL OPTIMIST
13 May 2015
Re: info Target price is only achievable if the drill bit hits commerciality. A well pressured gas cap, and a formation that is not watered out. Only TD will tell. In the meantime, hopefully UK and French progress might help to support the share price.
forwardloop
12 May 2015
info [link] prompted a major upgrade from City broker FinnCap, which upped the target price to around 44p from 16p (current market price 7p).finnCap massively upgraded its target price for Europa today as the broker included the Irish project into its valuation for the first time.Analyst Dougie Youngson lifted his already bullish target from 16.2p up to 44.3p. To put into perspective further the Irish project’s ‘high impact’ potential the analyst values the asset at £230mln, compared with Europa’s current market value of about £14mln.Before this apparently vast valuation gap is plugged investors await news of Kosmos’s drill plans.“Now the CPR is complete, Europa’s work on the licence is done,” Youngson said in a note.“What remains to be done is for Kosmos to make a decision relating to committing to drilling a well in 2017. “Kosmos is one of the few oil companies to increase its capex in 2015, and given that rig rates and utilisation are low, we would therefore expect it to take advantage of this cost deflation.”
drunkasaskunk
12 May 2015
Re: what does the UKOG news mean for EOG... Just one more thing - by the way, I generally advise people to take the opposite stance to me as I'm a bit carp when it comes to all this investment malarkey (witness Edenville!) but this time....
drunkasaskunk
12 May 2015
Re: what does the UKOG news mean for EOG... I meant "they overlooked the rather important caveat" and "Quite to what extent this did actually happen - and the extent to which those who did were clamouring for shares to cover their positions contributed to the surge in SP - we don't know." last time. Dodgy keyboard and knackered computer!
drunkasaskunk
12 May 2015
Re: what does the UKOG news mean for EOG... If you're referring to the news that prompted the ridiculous spike of the last couple of days, I don't think it tells us anything as it was solely due to their NOMAD having given the impression that about four times the shares currently in issue would definitely be placed (i.e., the overlooked the rather important caveat that it must be voted for by shareholders at the GM - next week, I think). The huge surge in trading activity following the announcement of this placement suggested people had forward sold in vast quantities and - in so doing - would end up unwittingly with naked short positions. Quite to what extent this did actually happen - and the extent to which those who did were clamouring for shares to cover their positions - contributed to the surge in SP we don't know. Seems an open offer is now on the cards, though - hence the subsequent SP crash (the proposed placing price was 0.055p, again - I think). So nothing of relevance to EOG has really taken place in respect of this.Whilst I'm here, though, EOG looks very promising indeed. Furthermore, anyone who's followed the protractedly canine existence of Edenville Energy these past couple of years will no doubt recognise finncap (EOG's NOMAD) as having once been their NOMAD. They were replaced when Edenville issued an obscenely discounted share placing in January of last year, one which seemed to be surrounded in much dodginess. Now NOMADS often receive a bad press, and - in many instances - this is not undeserved (see above!). However, finncap's dismissal or resignation under such murky circumstances suggests integrity. WHAT, I hear people ask in astonishment?! A NOMAD WITH INTEGRITY?!! Well it's relative, of course, but yes. And this, in turn, inspires confidence in their very positive outlook for EOG.
