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 […]
Tag: Europa Oil & Gas (Holdings) plc
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 […]
i3-Europa begin talks on potential for Serenity
i3 Energy plc and Europa Oil & Gas (Holdings) plc have opened talks on acreage surrounding the Serenity oil discovery, which has become unlicensed. INVESTMENT Little progress has been made on the Blake, Tain and Serenity area while in October 2022 the partners abandoned the SA02 well which failed to show hydrocarbons. i3 said that […]
Europa Oil & Gas targets Inshikea West
Europa Oil & Gas (Holdings) plc reported a 92% increase to 1.55 trillion cubic feet in Pmean prospective resource estimate for Inishkea West, offshore Ireland. FOUR-WAY CLOSURE Europa reprocessed the seismic data using full waveform inversion and reverse time migration (RTM) to 20Hz. The findings have prompted the company to pause its farm-out process until […]