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 […]
Tag: Europa Oil & Gas (Holdings) plc
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 Resolutions 3 and 4 for a shareholders’ vote on their re-election were withdrawn from the agenda.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 […]
Wressle-1 resumes production with down-hole jet pump
The Wressle-1 well has been brought back into production at the joint venture within PEDL180/192 oil field in Lincolnshire. SALES Project partners comprise operator Egdon Energy plc (30%), Union Jack Oil plc (40%) and Europa Oil & Gas (Holdings) plc (30%). Union Jack and Europa said that the down-hole jet pump, installed in October, and […]
Europa profits rise despite low oil prices and weak pound
Profits rose more than 50% during a year of “significant” operational and financial progress for Europa Oil & Gas (Holdings) plc. WRESSLE Results ended 31 July 2023 show stable revenue of £6.7 million “despite a lower oil price and weaker pound” (2022: £6.6m). Gross profit increased by 53% to £3.4m (2022: £2.2m) with pre-tax loss […]
Europa CEO buys 781,767 shares
Europa Oil & Gas (Holdings) plc chief executive officer William Holland has bought 781,767 ordinary shares of £0.01 each in the company at an average price of 1.198 pence per ordinary share. Following the purchase, Mr Holland is beneficially interested in a total 2,090,124 ordinary shares, representing approximately 0.218% of the company’s issued share capital.
Down-hole jet pump installed at Wressle
A down-hole jet pump has been installed on Wressle-1 and the well recompleted in a successful workover before production resumes. FINAL STAGES The joint venture on PEDL180 and 182 comprise operator Egdon Resources plc (30%), Europa Oil & Gas (Holdings) plc (30%) and Union Jack Oil plc (40%). Union Jack and Europa today said that […]