Europa Oil & Gas (Holdings) plc revenue fell by nearly half on lower oil production and prices following a busy and “at times challenging” year. POTENTIAL The company’s interests are onshore UK – notably the Wressle joint venture – Equatorial Guinea and Ireland. Results for 12 months ended 31 July 2024 show revenue fell 46% […]
Tag: PEDL343 – Cloughton gas discovery – Scarborough – North Yorkshire
Europa given more time for Cloughton appraisal
Europa Oil & Gas (Holdings) plc has been allowed more time to appraise the Cloughton gas discovery, within licence PEDL343, on the North Yorkshire coast. ESTIMATE The North Sea Transition Authority granted an extension to the licence’s initial term until 20 July 2026 and a further two years of the second term to 20 July […]
Cloughton preliminary gas-in-place within range
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 […]
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 […]