Europa Oil & Gas (Holdings) plc said that failure to find a farm-in partner has forced it to relinquish the Inezgane oil licence, offshore Morocco. BANK GUARANTEE The initial extension period of the licence announced in October 2020 has ended and the company today announced it had decided against progressing to the first extension period. […]
Tag: Europa Oil & Gas (Holdings) plc
Europa posts £6.6m revenue and 183% production rise
Europa Oil & Gas (Holdings) plc saw revenue more than quadruple and onshore oil production increase by 183% mainly from its share in the Wressle joint venture in the East Riding of Yorkshire. FINANCES The company’s final results for the year to 31 July 2022 showed revenues of £6.6 million (2021: £1.4m), and pre-tax profit […]
Europa granted more time to secure Inishkea partner
Europa Oil & Gas (Holdings) plc has secured more time for further technical studies and to secure a partner to develop its 100% operated FEL 4/19 licence offshore Ireland. INISHKEA PROSPECT The Inishkea prospect in FEL 4/19, which lies in the Slyne basin and near the producing Corrib gas field and associated infrastructure, is the […]
Europa repays £1m loan to Union Jack
Europa Oil & Gas (Holdings) plc said it had repaid in full the £1 million loan from Union Jack Oil plc to drill the SA02 well in the Serenity field. TERMS The loan was secured against a 10% interest in the Wressle field (PEDL180 and PEDL182), including the associated infrastructure. Europa has also repaid the […]
Europa-i3 to abandon Serenity SA02 well
Europa Oil & Gas (Holdings) plc said that, following “disappointing” results, it would abandon and plug the SA02 well in the joint venture Serenity field. STRATEGY The company owns 25% of the project with operator i3 Energy plc holding 75%. The gross well cost is forecast to be £10.4 million with an estimated total cost […]
i3 Energy spuds Serenity appraisal well
i3 Energy plc has spud the Serenity appraisal well on licence P.2358, block 13/23c in the Outer Moray Firth. SCHEDULE The operator owns a 75% working interest in the field and Europa Oil & Gas (Holdings) plc owns 25%. i3 expects that drilling programme will last some 30 days after which it will plug and […]