Europa Oil & Gas (Holdings) plc has ended the royalty agreement over the Whisby 4 well in East Lincolnshire with operator and licence holder BritNRG. UNCERTAINTIES The company said the agreement had generated no income for it and that the North Kesteven project would need further investment for a potential cash return. The carrying value […]
Tag: Europa Oil & Gas (Holdings) plc
Europa appoints shareholder as NED
Europa Oil & Gas (Holdings) plc has appointed Bo Krøll to the board as a non-executive director with immediate effect to increase representation of its shareholders. Chief operating officer Alastair Stuart leaves the board in order to maintain a majority of independent non-executive directors on the board. Mr Krøll is a proven entrepreneur, businessman and long-term shareholder in Europa […]
Wressle JV to submit GHG emissions analysis
The Wressle joint venture will submit details on downstream emissions for the onshore oil project after the local authority rescinded its earlier planning permission as the companies anticipated. CONFIDENT Europa Oil & Gas (Holdings) plc and Union Jack Oil plc said last month that they expected the September consent to be quashed after North Lincolnshire […]
Europa CEO purchases 697,484 shares
Europa Oil & Gas (Holdings) plc chief executive officer William Holland has bought 697,484 ordinary shares of £0.01 each in the company, at 0.75 pence per ordinary share. Mr Holland is now beneficially interested in 5,720,800 ordinary shares, representing approximately 0.596% of Europa’s issued share capital. The acquisition is Mr Holland’s fourth this year.
Europa revenues fall on lower production-prices
Europa Oil & Gas (Holdings) plc revenue fell by nearly half on lower oil production and prices following a busy and “at times challenging” year. POTENTIAL The company’s interests are onshore UK – notably the Wressle joint venture – Equatorial Guinea and Ireland. Results for 12 months ended 31 July 2024 show revenue fell 46% […]
Wressle JV expects wells consent to be quashed
The Wressle joint venture expects September’s local authority permission to be quashed for two new wells at the onshore Lincolnshire site. SCREENING North Lincolnshire Council informed the companies that, following legal opinion and the Supreme Court decision in June, it would not resist a proposed legal action to challenge the consent. The court ruled that applications […]