I noticed EOG in Shares Magazine last week, and having done some research, think they may be a decent producer / exploration play.



Europa Oil & Gas (Holdings) plc, is involved in the exploration and production of hydrocarbons in Europe. The Company has a balanced portfolio of 12 European oil and gas exploration and production assets in the UK, Ukraine, Romania and Poland. The portfolio contains proven plus probable and development reserves of 7 million barrels oil equivalent (mmboe) net to Europa and exploration potential of a further 28 mmboe. Wellhead revenues are currently in excess of 200,000 per month from a volume of 340 barrels of oil equivalent per day (boepd). These figures are set to rise substantially by the year 2007 when projected production will be above 7000 boepd.


The Company has an active near term drilling programme with three wells scheduled to spud in the first quarter 2005. The drilling programme mimics the balanced portfolio with one appraisal well on the recent Bilca Gas discovery in Romania, one development well on the West Firsby Oilfield in the UK and one exploration well in Romania.



Europa is set to become a significant producer of hydrocarbons in the near future and intends to develop a substantial independent upstream oil & gas business. The management has a strong mainstream oil and gas background, which enables Europa to continue to identify, acquire and develop profit-making oil and gas assets.



Europa Oil & Gas (Holdings) plc was admitted to the London Stock Exchanges Alternative Investment Market on November 11, 2004 and trades under the symbol EOG.





Corporate website : Click HERE

pd1000, please read previous posts - this BB has been alight for a week or more with talking about the warrants (most of it posted by me, as it happens, but PDYOR, etc).

Jumped on board with the warrants yesterday, at 8p, having seen the way the wind was blowing with incremental price rises (on very low volume) every day since the end of last week.

Cumulative production from existing sources plus the forthcoming Bilca/Romania production could see the SP around 50p ?? All IMO, DYOR, etc.

Europa Oil & Gas (Holdings) PLC - Holding in Company

Europa Oil & Gas (Holdings) plc (the 'Company')

Holding in Company

The Company was informed today that UBS Global Asset Management Life Limited is interested in 3,295,667 ordinary shares of the Company, representing 5.40% of the issued share capital.

ST, have you got any more info on the 50p price target, i want to get in tomorrow
and i'm just deciding how much to buy.

I looked at the 3 month chart , and the warrants have risen to 9.25p over that period, a 30% gain, so these warrants do move, and will fly if the sp reaches 50p,
and travel at the speed of light if they go even higher.

If the 50p target is met, the warrants would have to rise to 20p in order to stop
arbitrage oppotunities, a 300% gain, in theory.

zipped in for a quick 25000 warrants at under 8p this am. good price imho and when imminent good news breaks they should be in the money pretty quickly!!

Good morning Barclay,

The 50p share price "target" is my back-of-an-envelope calculation of how much I think the Bilca production plus existing production could be worth, using a P/E suitable for a growing oil co. I also came out with a similar figure using EOG's end-2006 production target of 1,000 boepd. It's purely conjecture on my part, although hopefully conservative enough to be realistic.

The bottom line for me is that I can see very little potential downside on this stock at present. All the indicators are pointing in the right direction, and the fact that one can get warrants on an underlying stock which in itself looks like a relatively safe bet is for me a stunning bonus.

I'm prepared to punt on these because I think that over the 18 months for which the warrants are still valid, they offer significant opportunity for growth with a comparatively low chance of losing out.

You're right about the potential, but I would be wary about reliance on charts to predict the warrant price at this early stage due to volatility issues. The share chart may offer some indication that the SP's floor is set around 30p - of which I have a fair degree of confidence given how close we are to seeing Bilca come on-stream - but again it's early days. However, I'm not a chart expert . . .

Anyway, WDIK, best of luck if you're thinking of climbing on board.

PS I took a look at Dana after reading your post - I infer from the chart that at some point the stock consolidated at least 10 for 1? You didn't miss a 100-bagger, surely??

Pommy, welcome aboard! Good to hear from you and am pleased for your sake that you managed to get under 8p (clearly I'm using the wrong broker!).

they still havent published my trade yet!!

Not sure where you might be looking, but MoneyAM's feed for these warrants seems to have stopped working after I looked at it last week. My own broker doesn't publish the movements and FT.com doesn't update them until the end of the day.

Sorry you won't be getting your name in lights but anonymity somehow seems to go with the secretive world of warrants!

surely a trades a trade tho, it should be reported like any trade of the underlying stock!

I agree, but trades of these warrants at least seem to have fallen between the cracks. I can also understand that possibly for reasons of cost there are fewer live feeds for warrants, which are in any case low-volume issues.

A quiet day for the shares - no trades so far. Seems everyone's buying the warrants :o)

Roll on, the end of July!

There it it ...nice price!!!!


12/05/06 08:06 7.5375 25,000 O 7.0 8.0 Buy 25,000 0 0

Morning all.

EOG getting hit a bit heavily right now. Barclay, I only hope you didn't jump on board with that share purchase yesterday. I'd be inclined to wait out some of the choppiness right now, maybe wait until a bit nearer the time of the production news. Anyway, WDIK.

Warrants are down too - wish I'd see that one coming as I could have had more for less money :o(

Best of luck everyone, am certain that this will come right in the end, but would certainly understand anyone who's feeling nervous right now.

ST, good news TD Waterhouse will let me buy by just signing a form saying i know the risks, i have to wait afew days to get my account open, hope the warrants are still down a bit by then, but it doesn't matter as long as i can get in around 8p.

ST, good news TD Waterhouse will let me buy by just signing a form saying i know the risks, i have to wait afew days to get my account open, hope the warrants are still down a bit by then, but it doesn't matter as long as i can get in around 8p.

Sorry guys my message has been repeated and i can't delete it.

Good ol' TDW - I'm with them too. With the prices the way they are it looks as if this incident may now might work in your favour.

By the way, you won't see on your trading/account screens that your account has been upgraded. (I checked this by phoning TDW). Inputting a "dummy" trade for a live quote will show you when the account has been set up for warrants trading. If in doubt, give TDW a call.

Bounce this morning, on both shares and warrants, reversing most of the dip from Mon and Tues.

ST, i read about Northern's placing, not happy we wern't warned. They say they aim to produce 1000 barrels per day in 2007 which is good.

Which brings me to my comparison of Europa, Valued at 4 times less and aiming to produce the same output as Northen by the end of this year, it must transform the mkt cap.

Nice to see them bounce back this morning,everyone knows this is good.

Good comment, Barclay. Definitely there should be good news in store for EOG's SP. I think, however, that NOP's current and near-term SP strength is on valuation of the underlying assets as 1,000 bopd is tiny compared with their mkt cap and their potential, IMO. EOG probably has a way to go to hit the kind of valuations we've seen on NOP recently - NOP's portfolio is quite big now and has very much larger audited resources/reserves, although EOG is also adding prospects and generally heading in the right direction.

It would have been nice to have been told about NOP's placing - there's a suspicious part of me that thinks some of the recent SP drop was due to big boys clearing out existing holdings on the market and replacing them with cheaper shares from the placing. WDIK though.