Europa Oil & Gas (Holdings) plc has broadened its portfolio with an interest in a production sharing contract, offshore Equatorial Guinea. DRILL-READY The company purchased 42.9% equity in explorer Antler Global Ltd via a US$3 million cash share subscription, payable in four instalments. Antler holds an 80% working interest in the “highly prospective” EG-08 PSC […]
Tag: Europa Oil & Gas (Holdings) plc
Europa appoints Simon Ashby-Rudd as NED
Europa Oil & Gas (Holdings) plc has appointed Simon Ashby-Rudd to the board as independent non-executive director with immediate effect. Mr Ashby-Rudd’s experience in upstream energy includes 30 years in investment banking at large financial institutions including Dresdner Kleinwort Benson, Citigroup and Standard Bank where he was global head of oil & gas. He was […]
Wressle oil production rate increases with EA approval
Europa Oil & Gas (Holdings) plc said that pump and production rates had been increased with Environment Agency approval at the Wressle onshore joint venture. OPTIMISE Partners in PEDL180/182 comprise Europa (30% economic interest) Union Jack Oil plc (40%) and operator Egdon Resources plc (30%). The EA permits allow the company to handle higher volumes […]
Two further production wells planned at Wressle
Two further production wells and a third to well to reinject any water produced with the oil are planned for the Wressle joint venture at Lodge Farm in Broughton, North Lincolnhire. PROPPANT SQUEEZE The first will target the Penistone Flags formation, primarily a gas reservoir, with produced gas exported into the local network via a […]
Europa faces move to replace senior management
Europa Oil & Gas (Holdings) plc faces an attempt to remove and replace chief executive officer William Holland and chief operating officer Alastair Stuart with former directors Paul Barrett and Erika Syba. DEFICIENCES The company said it had received a letter attempting to requisition a general meeting from a group of shareholders, including Mr Barrett […]
Europa directors Stephen Williams-Simon Oddie retire
Europa Oil & Gas (Holdings) plc directors Stephen Williams and Simon Oddie retired at the company’s general meeting this morning. Resolutions 3 and 4 for a shareholders’ vote on their re-election were withdrawn from the agenda. “These directors were retiring under the one-third rotation provision of the company’s articles of association,” said Europa. “Following consultations […]