Europa Oil & Gas (Holdings) plc said it had recorded its strongest interim results since H1 2014 with a four-fold increase in revenue driven by Wressle oil production and high prices. The company has oil and gas exploration, development and production interests in the UK, Morocco and Ireland FINANCES In its interim results for the […]
Tag: Europa Oil & Gas (Holdings) plc
Europa ends plan to acquire Ireland licence
Europa Oil & Gas (Holdings) plc today reported the cancellation of its acquisition of the Frontier exploration licence (FEL), offshore Ireland. NOTIFICATION In June 2020, Europa announced the conditional purchase of a 100% interest in FEL 3/19 near the Corrib gas field from Norwegian company DNO North Sea (UK) Ltd. “Europa has received notification from DNO […]
Egdon notes significant potential of Wressle-1
Egdon Resources plc announced “significant potential” from analysis of the downhole hole pressure data of the Wressle-1 well, East Yorkshire. POTENTIAL Independent energy consultancy ERCE conducted the interpretation on behalf of project partners Egdon (operator – 30%), Europa Oil & Gas (Holdings) plc (30%) and Union Jack Oil (40%). Egdon said in a statement that […]
Wressle-1 well continues to ‘exceed expectations’
Egdon Resources plc said production continued to exceed expectations since the proppant squeeze at the Wressle-1 well on PEDL180 and PEDL182 in East Yorkshire. REVISED PERMIT The company also announced it had received the revision to the Environmental Permit. This will allow installation of a combustion plant for gas-to-electric generation and a new potential revenue […]
Egdon exceeds 500bopd with Wressle proppant squeeze
Egdon Resources plc said that the proppant squeeze had resulted in excess of 500 barrels of oil per day under extended well testing operations at Wressle, North Lincolnshire. FORECAST The operator has completed the coiled tubing operation and the Ashover Grit reservoir had returned to flow. The well flow is continuing to clean-up and has […]
Europa starts farm-out process for Inezgane
Europa Oil & Gas (Holdings) plc has formally started the farm-out for its 11,228 km2 Inezgane permit, offshore Morocco in the Agadir Basin. INEZGANE Europa was awarded the licence in 2019 and holds a 75% interest and operatorship in the licence with Morocco’s ONHYM owning the remaining 25%. The licence lies in water depths mostly below […]