The shares of oil and gas exploration and production company Europa Oil & Gas PLC (LON: EOG) are currently trading at 23.0p, which represents a fall of 30% over the past 12 months and a decline of 60% from the 52-week high of 57.5p. The company has been hit hard by the slump in oil prices, with its share price falling more than most of its peers. However, there are signs that things could be starting to turn around for Europa, with the oil price now starting to recover and the company’s recent drilling results coming in better than expected.
It’s been a rollercoaster ride for investors in Europa Oil and Gas (LSE: EOG) over the past year. The share price has more than doubled from 20p to 43p since this time last year, but has fallen back sharply from its 52-week high of 61p reached in December.
The main reason for the share price rise has been the company’s success in securing two key exploration licences in Ireland.
The first was for the onshore Wexford licence, which could hold up to 1.6 billion barrels of oil equivalent, and the second was for the offshore Porcupine licence, which contains an estimated 722 million barrels of oil equivalent. These are both highly prospective areas and could be transformational for Europa if successful. However, there is no guarantee that either will contain commercially recoverable reserves and it will be many years before we know for sure.
In the meantime, Europa is working hard to progress its other assets in France and Germany. The big question for investors now is whether the recent fall in the share price represents a good buying opportunity or not. I think it does, as I believe there is significant upside potential from here if even one of those Irish exploration licences comes up trumps.
But beware that this is a high-risk stock and not one for the faint-hearted!
Europa Oil And Gas News
The latest news on Europa Oil And Gas (LSE: EOG) can be found here. This independent oil and gas company has a portfolio of assets across Europe, including the UK, France, Denmark, Netherlands and Ireland. The company is currently focused on exploration and production in the North Sea and Western Europe.
What is the Current Share Price of Europa Oil And Gas
As of July 2020, the share price of Europa Oil and Gas is $0.02.
How Has the Company’S Share Price Performed Over Time
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What Factors Could Impact the Future Share Price of Europa Oil And Gas
The future share price of Europa Oil and Gas could be impacted by a number of factors, including changes in global oil and gas prices, changes in the company’s production levels, and political developments affecting its operations.
Oil and gas prices are a major driver of Europa’s share price, as the company is an exploration and production company. If global oil prices rise, this will likely lead to increased demand for Europa’s products and higher share prices.
However, if oil prices fall, this could lead to lower demand for Europa’s products and a decline in the company’s share price. Changes in the company’s production levels can also impact its share price. If Europa increases its production levels, this could lead to higher profits and a corresponding increase in its share price.
However, if production levels decline, this could put pressure on the company’s bottom line and result in a decline in its share price. Finally, political developments affecting the company’s operations can also have an impact on its share price. For example, if there are positive developments regarding exploration activities in one of Europa’s key areas of operation (such as the UK North Sea), this could lead to higher investor confidence and an increase in the company’s share price.
Similarly, negative political developments (such as regulatory changes that make it more difficult for the company to operate) could lead to lower investor confidence and a decline in Europa’s share price.
Europa Oil & Gas Holdings PLC present at the Proactive One2One Investor Forum – July 6th 2022
Oil and gas exploration company Europa Oil & Gas saw its share price fall on Thursday after it announced that its drilling operations in the Netherlands had come to a halt.
The company, which is listed on London’s AIM stock exchange, said that it had been “unable to agree terms” with the Dutch government on a new drilling concession.
The news sent Europa’s shares tumbling by more than 20% in early trading.
The firm has been active in the Netherlands for several years and last year made a significant gas discovery at its Westerschelde well. It was hoping to build on this success with further drilling but has now been forced to abandon its plans.