Europa Oil & Gas (Holdings) plc has been allowed more time to appraise the Cloughton gas discovery, within licence PEDL343, on the North Yorkshire coast. ESTIMATE The North Sea Transition Authority granted an extension to the licence’s initial term until 20 July 2026 and a further two years of the second term to 20 July […]
Tag: Europa Oil & Gas (Holdings) plc
Europa given time to study Inishkea
Europa Oil & Gas (Holdings) plc has been granted a two-year extension to Phase 1 of FEL 4/19, containing the Inishkea prospect, in the Slyne basin offshore Ireland. During the period, the operator intends to carry out further technical studies and secure a partner to develop its 100%-owned 945km2 licence. The primary target is the […]
Europa cancels 13m share options and grants 50m
Europa Oil & Gas (Holdings) plc has cancelled 13 million enterprise management incentive share options and granted 50m new options of which a portion will replace those cancelled. REVIEW The company said that the remuneration committee had agreed with a third-party independent review that the remuneration packages for employees and directors was “no longer appropriate”. […]
Wressle-1 averages 665bopd with pump rates in review
Wressle-1 well production is currently averaging 665 barrels of oil per day at the onshore joint venture in North Lincolnshire. MAXIMISATION Operator Egdon Resources UK Ltd (30%) continues to evaluate the reservoir response to increased pump rates, approved by the Environment Agency, within PEDL180/182 . Union Jack Oil plc (40%), which today reported US$18 million […]
Wressle 2P gross reserves increase 263% in new CPR
The Wressle onshore oil and gas joint venture reported a 263% increase in 2P gross reserves based a new competent person’s report. VINDICATION Partners comprise operator Egdon Resources UK Ltd (30%), Union Jack Oil plc (40%) and Europa Oil & Gas (Holdings) plc (30%). ERC Equipoise Ltd’s CPR is dated 31 December 2023 and compares […]
Antler appoints Europa CEO as director
Antler Global Ltd director Simon Barry has left as Europa Oil & Gas plc CEO and nominee William Holland takes up the post. Companies House recorded the changes effective on 20 December. Antler Global’s oil and gas assets are in Equatorial Guinea.