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), […]
Tag: Inezgane oil – offshore Morocco
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 starts farm-out process for Inezgane
Europa Oil & Gas (Holdings) plc has formally started the farm-out for its 11,228 km2 Inezgane permit, offshore Morocco in the Agadir Basin. INEZGANE Europa was awarded the licence in 2019 and holds a 75% interest and operatorship in the licence with Morocco’s ONHYM owning the remaining 25%. The licence lies in water depths mostly below […]
Europa aims for balanced oil and gas portfolio
Europa Oil & Gas (Holdings) plc saw its operations continue to progress while the company minimised losses and controlled spending during the second half of 2020. In its interim report for six months ended 31 January 2021, the company recorded a fall in revenue to £0.5 million compared with the first half ended 31 July […]