Europa Oil & Gas (Holdings) plc said an independent study showed lower emissions from development of 1 trillion cubic feet gas on its Irish offshore licence than imported gas. COMPARISONS The Inishkea prospect within FEL 4/19 in the Slyne basin and near the Corrib field is the company’s flagship project in Ireland. The report was […]
Tag: Europa Oil & Gas (Holdings) plc
Europa looks to active year for off-onshore assets
Europa Oil & Gas (Holdings) plc said it expected an active coming year for its hydrocarbon assets offshore and onshore United Kingdom. WRESSLE In an operations report, the company looks to drilling during 2023 and preparations for 2024 at the joint venture (JV) onshore Wressle oil field in which it holds a 30% working interest. […]
Europa to relinquish Inezgane offshore licence
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. […]
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 […]