.

http://www.investegate.co.uk/Article.aspx?id=20111116070000P17C1

RNS sp up 60%

sp finishes up 88% may see some profit taking tomorrow.... what a day!

Up she goes.....

watching it like a Hawk ...RF

HAHA That spooked the SP me watching it.

many hawks eat carrion only!

Missed the last hour.....pulled back a little....but perhaps more to come tomorrow or later...

pulled back a little.......u mean 50%

I will try not to look at it tomorrow so it may rise for you.

Wish i had a few PET at 6p now

EOG has been on a rise now for sometime now.....same prospects as PET.....sp should be higher...

Some buying here.....

Audio interview with Hugh Mackay, Chief Executive Officer
Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration, development and production company focused on Europe, is pleased to provide a technical update on its 100% owned Licensing Options ('LO') 11/7 and LO 11/8, covering a total area of approximately 2,000 sq km and located in the highly prospective South Porcupine Basin in the Irish Atlantic Margin ('IAM'), where two large, previously unknown prospects, Mullen and Kiernan, were identified on Europa's acreage in September 2012.

Click the link to listen;
http://www.brrmedia.co.uk/event/107720/hugh-mackay-chief-executive-officer

Tipped in share prophets today

rns - very good news :-0

Renewal of Béarn des Gaves Permit, Onshore France
PRNW


Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas

3 October 2013

Europa Oil & Gas (Holdings) plc (`Europa' or `the Company')
Renewal of Béarn des Gaves Permit, Onshore France and
Technical Update Including Un-risked Indicative Resources for Berenx Shallow

Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration,
development and production company focused on Europe, is pleased to announce
the renewal of its 100% owned Béarn des Gaves permit (`Béarn des Gaves' or `the
Permit'), in the proven Aquitaine Basin, onshore France. The Permit includes
Berenx Deep, the large gas appraisal prospect, and the recently identified
Berenx Shallow prospect. The permit is located 20km to the southeast of the
producing 9 trillion cubic feet (`tcf') Lacq gas field.

Highlights

* Béarn des Gaves permit successfully renewed for a period of five years
until 23 March 2017 with farm-out process to recommence immediately

* Significant upgrade in gross mean un-risked resources for Berenx Shallow
prospect to 416bcf following a detailed mapping exercise

* Permit located in a proven hydrocarbon region in onshore France:

*
+ adjacent to two giant producing gas fields, Lacq (9 tcf) and Meillon (2
tcf)

+ two wells previously drilled on the Permit at Berenx Deep which ERC
Equipoise has assigned a gross mean contingent resource of 277bcf -
both wells encountered strong gas shows and one flowed gas to surface

* Reservoir at Berenx Shallow is early Cretaceous and Late Jurassic
limestones and dolomites characterised by dual matrix and fracture porosity

* Next steps are to confirm well location, commence well permitting process,
commence drilling planning - objective to drill a well to test Berenx
Shallow in 2014

Hugh Mackay, CEO of Europa, commented, "We are delighted with the renewal of
Béarn des Gaves, particularly as over the last twelve months we have undertaken
a thorough re-evaluation of the shallow structures, reservoir distribution and
historic well results which has significantly increased our understanding of
the prospectivity in the Permit. The resulting definition of gross mean
un-risked resources of 416bcf for Berenx Shallow, and the already discovered
Berenx Deep appraisal project with an estimated gross mean contingent resource
of 277 bcf (ERC Equipoise CPR dated 31 May 2012) confirms the transformative
potential of this 100% owned Permit. We look forward to recommencing the
farmout process immediately with a view to drilling in 2014."

"Alongside Berenx we have a 15% interest in two high impact frontier licences
in the Irish Atlantic Margin. Kosmos Energy, the operator, is currently
acquiring 3D seismic over the licence area as it looks to pursue in the South
Porcupine basin similar Cretaceous plays to those that it successfully
pioneered in the Atlantic Margin basins offshore West Africa. Meanwhile our UK
onshore fields continue to produce oil in line with our expectations, and in
addition our exploration licences contain several leads and prospects,
including Wressle, where we are due to drill a well towards the end of 2013.
With much activity expected across our licences, I look forward to providing
updates on our progress as we continue to steadily de-risk and deliver the
value in our assets."

Béarn des Gaves:

Europa holds a 100% interest in the Béarn des Gaves permit with both appraisal
and exploration potential in the Aquitaine basin, the heartland of the French
oil industry. The Berenx Deep appraisal project has previously been explored
and drilled by EssoRep with two wells drilled, Berenx-1 (1969) and Berenx-2
(1972), both encountering strong gas shows over a 500m thick gas bearing zone.
In 1975 Berenx-2 was re-entered, drill stem tested and flowed gas to surface
from the same carbonate reservoir that delivered 9 tcf and 2 tcf from nearby
fields at Lacq and Meillon.

Europa possesses all data connected to both wells. Good quality 2-D seismic
data exists for the licence as well as a reprocessed 3-D seismic dataset
covering the area between Berenx and Lacq. Europa's in-house technical work
indicates that the Berenx deep appraisal prospect could hold in excess of 500
bcf of recoverable gas resources. In a CPR dated 31 May 2012, ERC Equipoise
estimated gross mean un-risked resources of 277 bcf for the deep Berenx gas
play. The difference between Europa's and ERC's assessment of resources
reflects the confidence of each party in mapping in a geologically complex
terrain. Europa was able to map a larger area of closure and as a consequence
larger resources.

On-going re-evaluation and interpretation of existing seismic and well data on
the Permit has resulted in the better definition of a shallow gas prospect,
Berenx Shallow. Previous exploration on the concession had focused only on the
deep lying gas prospectivity. A thorough review of historic well results,
re-interpretation of structure and proven hydrocarbon bearing reservoir
distribution in the shallow (less than 4000m) Cretaceous and Late Jurassic
carbonate sediments by Europa has upgraded the Berenx Shallow gas prospectivity
and suggests potential gross mean un-risked resources of 416 bcf.

Gross un-risked resources bcf

Reservoir P90 P50 P10 mean

Neocomian 126 240 402 254

Kimmeridgian 66 156 261 162

total 416

The Company's strategy for Béarn des Gaves is to first target the shallow gas
play, drill a well to deliver a commercial flow rate and, on the back of
success, to further appraise shallow prospectivity and undertake work to
de-risk the Berenx Deep appraisal project.

Europa submitted its application for the renewal of Béarn des Gaves in November
2011 and the renewal process formally started on 22 March 2012. On 3 October
2013, the Company was informed by the French authorities that the Permit has
been successfully renewed. This next phase covers a period of five years from
22 March 2012 and carries an expenditure commitment of approximately 2.5
million. The Directors intend to immediately commence a farm-out process for
the Permit in tandem with well permitting and drilling planning to confirm a
well location on Berenx Shallow ahead of drilling in 2014.

The Permit benefits from being located only 20 km from the Lacq Field, which
potentially provides a straightforward export route, allowing gas to be
processed in an existing facility with spare capacity.

* * ENDS * *

Hit rock bottom and historic resistance 6p, lots of excitement to come I would think for this tiddler with big potential and a free carry for exploration. Porcupine basin offshore Ireland is seen by some as potentially bigger than north sea. Overlooked and undervalued IMO so have bought a sizable chunk.

intrinsically RUBBISH!
Proselenes aka MRSI and a few other names kept trying to tout this one too

Mkt cap 12m, prospects much better IMO than most small oil companies. Which do you like cynic?

very few if any of those tiddlers ..... XEL is about as small as i get; i also hold some GPX for my sins (yuk!)

Before long we will get a resurgence in these small oil exploration companies, it's cyclical, I have invested in them for many yrs on and off. IMO EOG has the better chances but is well out of favour. I see this turning as news flow in the sector is set to increase this yr, they have some decent prospects and the farm ins, now the cash. The Ireland prospect alone could transform this little company. IMO a lower risk play and at this price, very low risk with huge upside, it may be worth you having a small punt.

Am also in XEL