The Cloughton discovery contains preliminary mean gas in place of 192 bcf, within the expected range, said operator Europa Oil & Gas (Holdings) plc. DEVELOPMENT Europa said the discovery well “flowed good quality sweet gas at rates of up to 40,000 scf/day on natural flow” and a well could flow at “6 mmscf/day”. The company […]
Tag: Europa Oil & Gas (Holdings) plc
Artificial lift aims to improve Wressle-1 production
Egdon Resources plc has started to install artificial lift on the Wressle-1 oil well to optimise production at the joint venture project in North Lincolnshire. METHOD The partners on PEDL180 and 182 comprise operator Egdon (30%), Europa Oil & Gas (Holdings) plc (30%) and Union Jack Oil plc (40%). Work began with a slickline programme and […]
Higher recoverable oil volumes expected at Wressle
Egdon Resources plc anticipates higher recoverable volumes of oil than 2016 estimates following the late stage start of water production at the Wressle joint venture in North Lincolnshire. CPR The operator said that the start of “limited volumes” of water from the Ashover Grit, accounting for an average 3.72% of total fluid produced during July […]
Egdon transfers Cloughton operatorship to Europa
Egdon Resources plc has transferred operatorship of licence PEDL343 containing the Cloughton gas discovery in North Yorkshire to Europa Oil & Gas (Holdings) plc. PARTNERS Egdon managing director Mark Abbott said the company would focus on near-term priority projects while enabling Europa to progress Cloughton to potential appraisal drilling. The companies received approval from the North […]
Europa NED William Ahlefeldt retires after 17 years
Europa Oil & Gas (Holdings) plc independent non-executive director (NED) William Ahlefeldt is to retire with immediate effect. Mr Ahlefeldt, who began his career in 1982 as a petroleum engineer with Maersk, has been a director of Europa since 2004. He was instrumental in bringing Europa to the AIM Market of the LSE in 2004 […]
Europa swings to pre-tax loss
Europa Oil & Gas (Holdings) plc recorded its highest interim revenues from the onshore Wressle oil field but swung to a pre-tax loss due to an offshore exploration impairment charge in Morocco. FINANCES The company’s unaudited interim results for the six months ended 31 January 2023 showed revenues increased to £3.7 million (H1 2022: £2.2m), […]